FY2027 Small Area FMR · Upland, IN
ZIP 46989 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 46989 (Upland, IN) is $1,010 a month, up 5.2% from FY2026. That is 12% below the Muncie, IN area-wide FMR of $1,145.
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 46989 sits in the Muncie, IN area
Of the 24 ZIP codes HUD lists for the area, 46989 has the 22nd highest two-bedroom Small Area FMR. Muncie, 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 $1,145 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,010 for this ZIP code instead.
ZIP code 46989 crosses more than one HUD area. HUD also lists it under Blackford County, IN (same figures) and Grant 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 | $750 | $675 – $825 | $899 | $700 |
| 1 bedroom | $800 | $720 – $880 | $913 | $770 |
| 2 bedrooms | $1,010 | $909 – $1,111 | $1,145 | $960 |
| 3 bedrooms | $1,340 | $1,206 – $1,474 | $1,438 | $1,260 |
| 4 bedrooms | $1,520 | $1,368 – $1,672 | $1,890 | $1,410 |
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 $79,600 and the 80% low-income limit for four people is $67,850. ZIP code 46989 lies mainly in Grant County, Delaware County and Blackford County. See the Muncie, 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 46989?
HUD's FY2027 Small Area Fair Market Rents for 46989 are $750 (studio), $800 (1 BR), $1,010 (2 BR), $1,340 (3 BR) and $1,520 (4 BR) a month.
What is the Section 8 payment standard in 46989?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 46989 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 46989?
The FY2026 income limits of the Muncie, IN area apply: median family income $79,600, low-income (80%) limit $67,850 for a family of four.