Indiana · FIPS 18039 · HUD FY 2027
Elkhart County, Indiana Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Elkhart County is $1,253 a month (rent plus utilities), 4% below the Indiana average of $1,302 and 29% below the U.S. average of $1,761. That is up $70 (5.9%) from FY 2026. At 30% of income, a household needs about $50,120 a year to afford it.
- $1,2532-bedroom FMR+$70 (+5.9%) vs FY 2026
- $1,0481-bedroom FMRIndiana: $1,082 · U.S.: $1,478
- $50,120Income for a 2-bedroom$24/hour full-time
- 24 of 922BR rank in Indiana1 = highest rent
| Unit | Elkhart County FY 2027 | FY 2026 | Change | Indiana avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $1,008 | $968 | +$40 (+4.1%) | $1,005 | $1,379 | $40,320 |
| 1 bedroom | $1,048 | $992 | +$56 (+5.6%) | $1,082 | $1,478 | $41,920 |
| 2 bedrooms | $1,253 | $1,183 | +$70 (+5.9%) | $1,302 | $1,761 | $50,120 |
| 3 bedrooms | $1,653 | $1,553 | +$100 (+6.4%) | $1,642 | $2,266 | $66,120 |
| 4 bedrooms | $1,752 | $1,581 | +$171 (+10.8%) | $1,904 | $2,607 | $70,080 |
How Elkhart County compares
- HUD sets this rent for the Elkhart-Goshen, IN metro FMR area, which covers 207,132 residents in 1 county.
- Across Indiana, 2-bedroom FMRs run from $1,014 (Wayne County) to $1,536 (Boone County).
- Studio to 4-bedroom: $1,008, $1,048, $1,253, $1,653, $1,752. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 11 ZIP codes mostly in Elkhart County (by land area), the 2-bedroom figure ranges from $1,170 to $1,340.
Small Area FMRs by ZIP code in Elkhart County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 46507 | $1,030 | $1,070 | $1,280 | $1,690 | $1,790 | +$60 (+4.9%) | 2% above |
| 46514 | $1,060 | $1,100 | $1,320 | $1,740 | $1,850 | +$80 (+6.5%) | 5% above |
| 46516 | $990 | $1,030 | $1,230 | $1,620 | $1,720 | +$80 (+7.0%) | 2% below |
| 46517 | $890 | $1,000 | $1,170 | $1,460 | $1,550 | +$110 (+10.4%) | 7% below |
| 46526 | $1,070 | $1,110 | $1,330 | $1,750 | $1,860 | +$80 (+6.4%) | 6% above |
| 46528 | $1,020 | $1,060 | $1,270 | $1,680 | $1,780 | +$50 (+4.1%) | 1% above |
| 46540 | $1,070 | $1,110 | $1,340 | $1,760 | $1,870 | +$90 (+7.2%) | 7% above |
| 46543 | $1,000 | $1,030 | $1,270 | $1,620 | $1,740 | +$100 (+8.5%) | 1% above |
| 46550 | $880 | $1,000 | $1,170 | $1,420 | $1,540 | +$90 (+8.3%) | 7% below |
| 46553 | $990 | $1,030 | $1,230 | $1,620 | $1,720 | +$140 (+12.8%) | 2% below |
| 46573 | $1,020 | $1,080 | $1,290 | $1,680 | $1,780 | +$50 (+4.0%) | 3% above |
Sources
- U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
- HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.