FY2027 Small Area FMR · Rockfield, IN

ZIP 46977 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 46977 (Rockfield, IN) is $1,030 a month, up 6.2% from FY2026. That is 0% equal to the Carroll County, IN area-wide FMR of $1,027.

2-bedroom SAFMR$1,030per month ▲ 6.2%

Area-wide 2 BR FMR$1,027Carroll County, IN

Rank in the area14thof 20 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$927

2 BR Small Area FMR$1,030

110% of SAFMR$1,133

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

Studio$760▲ 7.0%

1 BR$790▲ 6.8%

2 BR$1,030▲ 6.2%

3 BR$1,240▲ 1.6%

4 BR$1,400▲ 6.1%

FY2027 FY2026

Where 46977 sits in the Carroll County, IN area

Of the 20 ZIP codes HUD lists for the area, 46977 has the 14th highest two-bedroom Small Area FMR. Carroll 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 $1,027 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,030 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	$760	$710
1 bedroom	$790	$711 – $869	$787	$740
2 bedrooms	$1,030	$927 – $1,133	$1,027	$970
3 bedrooms	$1,240	$1,116 – $1,364	$1,232	$1,220
4 bedrooms	$1,400	$1,260 – $1,540	$1,396	$1,320

A household renting a two-bedroom home at the Small Area FMR of $1,030 needs about $41,200 a year to keep housing costs at 30% of income. The area median family income is $87,500 and the 80% low-income limit for four people is $70,000. ZIP code 46977 lies mainly in Carroll County. See the Carroll County, IN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
46923	Delphi	4.4 mi	$1,120
46917	Camden	5.3 mi	$1,040
46929	Flora	7.9 mi	$1,020
47997	Yeoman	8.1 mi	$1,010
47926	Burnettsville	9.7 mi	$1,110
46913	Bringhurst	10.2 mi	$1,040

Questions

What is the Fair Market Rent for ZIP code 46977?

HUD's FY2027 Small Area Fair Market Rents for 46977 are $760 (studio), $790 (1 BR), $1,030 (2 BR), $1,240 (3 BR) and $1,400 (4 BR) a month.

What is the Section 8 payment standard in 46977?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 46977 that range is $927 to $1,133 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 46977?

The FY2026 income limits of the Carroll County, IN area apply: median family income $87,500, low-income (80%) limit $70,000 for a family of four.