FY2027 Small Area FMR · Twelve Mile, IN
ZIP 46988 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 46988 (Twelve Mile, IN) is $1,210 a month, up 17.5% from FY2026. That is 19% above the Cass County, IN area-wide FMR of $1,014.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 46988 sits in the Cass County, IN area
Of the 15 ZIP codes HUD lists for the area, 46988 has the 1st highest two-bedroom Small Area FMR. Cass 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 $1,210 for this ZIP code instead.
ZIP code 46988 crosses more than one HUD area. HUD also lists it under Fulton County, IN (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $980 | $882 – $1,078 | $831 | $840 |
| 1 bedroom | $990 | $891 – $1,089 | $836 | $850 |
| 2 bedrooms | $1,210 | $1,089 – $1,331 | $1,014 | $1,030 |
| 3 bedrooms | $1,590 | $1,431 – $1,749 | $1,350 | $1,360 |
| 4 bedrooms | $1,610 | $1,449 – $1,771 | $1,355 | $1,370 |
A household renting a two-bedroom home at the Small Area FMR of $1,210 needs about $48,400 a year to keep housing costs at 30% of income. The area median family income is $74,500 and the 80% low-income limit for four people is $67,850. ZIP code 46988 lies mainly in Cass County and Fulton County. See the Cass County, IN county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 46988?
HUD's FY2027 Small Area Fair Market Rents for 46988 are $980 (studio), $990 (1 BR), $1,210 (2 BR), $1,590 (3 BR) and $1,610 (4 BR) a month.
What is the Section 8 payment standard in 46988?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 46988 that range is $1,089 to $1,331 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 46988?
The FY2026 income limits of the Cass County, IN area apply: median family income $74,500, low-income (80%) limit $67,850 for a family of four.