FY2027 Small Area FMR · West Middleton, IN

ZIP 46995 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 46995 (West Middleton, IN) is $1,180 a month, up 5.4% from FY2026. That is 0% equal to the Kokomo, IN area-wide FMR of $1,179.

2-bedroom SAFMR$1,180per month ▲ 5.4%

Area-wide 2 BR FMR$1,179Kokomo, IN

Rank in the area6thof 17 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,062

2 BR Small Area FMR$1,180

110% of SAFMR$1,298

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

Studio$910▲ 3.4%

1 BR$920▲ 3.4%

2 BR$1,180▲ 5.4%

3 BR$1,420▲ 2.9%

4 BR$1,640▲ 5.1%

FY2027 FY2026

Where 46995 sits in the Kokomo, IN area

Of the 17 ZIP codes HUD lists for the area, 46995 has the 6th highest two-bedroom Small Area FMR. Kokomo, 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 $1,179 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,180 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	$910	$819 – $1,001	$909	$880
1 bedroom	$920	$828 – $1,012	$915	$890
2 bedrooms	$1,180	$1,062 – $1,298	$1,179	$1,120
3 bedrooms	$1,420	$1,278 – $1,562	$1,420	$1,380
4 bedrooms	$1,640	$1,476 – $1,804	$1,636	$1,560

A household renting a two-bedroom home at the Small Area FMR of $1,180 needs about $47,200 a year to keep housing costs at 30% of income. The area median family income is $96,200 and the 80% low-income limit for four people is $76,150. ZIP code 46995 lies mainly in Howard County. See the Kokomo, IN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
46979	Russiaville	3.3 mi	$1,180
46965	Oakford	6.3 mi	$1,190
46902	Kokomo	6.4 mi	$1,190
46901	Kokomo	6.6 mi	$1,120
46068	Sharpsville	6.9 mi	$1,380
46039	Forest	7.1 mi	$1,130

Questions

What is the Fair Market Rent for ZIP code 46995?

HUD's FY2027 Small Area Fair Market Rents for 46995 are $910 (studio), $920 (1 BR), $1,180 (2 BR), $1,420 (3 BR) and $1,640 (4 BR) a month.

What is the Section 8 payment standard in 46995?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 46995 that range is $1,062 to $1,298 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 46995?

The FY2026 income limits of the Kokomo, IN area apply: median family income $96,200, low-income (80%) limit $76,150 for a family of four.