FY2027 Small Area FMR · Swayzee, IN

ZIP 46986 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 46986 (Swayzee, IN) is $1,100 a month, up 14.6% from FY2026. That is 8% above the Grant County, IN area-wide FMR of $1,014.

2-bedroom SAFMR$1,100per month ▲ 14.6%

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

Rank in the area8thof 17 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$990

2 BR Small Area FMR$1,100

110% of SAFMR$1,210

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

Studio$810▲ 15.7%

1 BR$870▲ 13.0%

2 BR$1,100▲ 14.6%

3 BR$1,440▲ 14.3%

4 BR$1,610▲ 14.2%

FY2027 FY2026

Where 46986 sits in the Grant County, IN area

Of the 17 ZIP codes HUD lists for the area, 46986 has the 8th highest two-bedroom Small Area FMR. Grant 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 $1,100 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	$810	$729 – $891	$748	$700
1 bedroom	$870	$783 – $957	$804	$770
2 bedrooms	$1,100	$990 – $1,210	$1,014	$960
3 bedrooms	$1,440	$1,296 – $1,584	$1,329	$1,260
4 bedrooms	$1,610	$1,449 – $1,771	$1,488	$1,410

A household renting a two-bedroom home at the Small Area FMR of $1,100 needs about $44,000 a year to keep housing costs at 30% of income. The area median family income is $61,800 and the 80% low-income limit for four people is $67,850. ZIP code 46986 lies mainly in Grant County. See the Grant County, IN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
46987	Sweetser	5.7 mi	$1,270
46936	Greentown	5.8 mi	$1,180
46919	Converse	7.2 mi	$1,020
46953	Marion	9.3 mi	$1,030
46928	Fairmount	9.6 mi	$1,090
46938	Jonesboro	10.4 mi	$1,170

Questions

What is the Fair Market Rent for ZIP code 46986?

HUD's FY2027 Small Area Fair Market Rents for 46986 are $810 (studio), $870 (1 BR), $1,100 (2 BR), $1,440 (3 BR) and $1,610 (4 BR) a month.

What is the Section 8 payment standard in 46986?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 46986 that range is $990 to $1,210 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 46986?

The FY2026 income limits of the Grant County, IN area apply: median family income $61,800, low-income (80%) limit $67,850 for a family of four.