FY2027 Small Area FMR · Grissom Arb, IN

ZIP 46971 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 46971 (Grissom Arb, IN) is $1,010 a month, up 5.2% from FY2026. That is 0% equal to the Miami County, IN area-wide FMR of $1,014.

2-bedroom SAFMR$1,010per month ▲ 5.2%

Area-wide 2 BR FMR$1,014Miami County, IN

Rank in the area13thof 18 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$909

2 BR Small Area FMR$1,010

110% of SAFMR$1,111

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$760▲ 10.1%

1 BR$830▲ 6.4%

2 BR$1,010▲ 5.2%

3 BR$1,210▲ 5.2%

4 BR$1,420▲ 4.4%

FY2027 FY2026

Where 46971 sits in the Miami County, IN area

Of the 18 ZIP codes HUD lists for the area, 46971 has the 13th highest two-bedroom Small Area FMR. Miami County, IN is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,014 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,010 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$760	$684 – $836	$759	$690
1 bedroom	$830	$747 – $913	$827	$780
2 bedrooms	$1,010	$909 – $1,111	$1,014	$960
3 bedrooms	$1,210	$1,089 – $1,331	$1,208	$1,150
4 bedrooms	$1,420	$1,278 – $1,562	$1,412	$1,360

A household renting a two-bedroom home at the Small Area FMR of $1,010 needs about $40,400 a year to keep housing costs at 30% of income. The area median family income is $75,100 and the 80% low-income limit for four people is $67,850. ZIP code 46971 lies mainly in Miami County. See the Miami County, IN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
46967	Onward	3.5 mi	$1,010
46914	Bunker Hill	3.5 mi	$1,010
46959	Miami	3.6 mi	$1,010
46994	Walton	6.1 mi	$1,010
46961	New Waverly	7.3 mi	$1,040
46970	Peru	7.5 mi	$1,040

Questions

What is the Fair Market Rent for ZIP code 46971?

HUD's FY2027 Small Area Fair Market Rents for 46971 are $760 (studio), $830 (1 BR), $1,010 (2 BR), $1,210 (3 BR) and $1,420 (4 BR) a month.

What is the Section 8 payment standard in 46971?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 46971 that range is $909 to $1,111 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 46971?

The FY2026 income limits of the Miami County, IN area apply: median family income $75,100, low-income (80%) limit $67,850 for a family of four.