Indiana · FIPS 18089 · HUD FY 2027
Lake County, Indiana Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Lake County is $1,429 a month (rent plus utilities), 10% above the Indiana average of $1,302 and 19% below the U.S. average of $1,761. That is up $112 (8.5%) from FY 2026. At 30% of income, a household needs about $57,160 a year to afford it.
- $1,4292-bedroom FMR+$112 (+8.5%) vs FY 2026
- $1,1761-bedroom FMRIndiana: $1,082 · U.S.: $1,478
- $57,160Income for a 2-bedroom$27/hour full-time
- 13 of 922BR rank in Indiana1 = highest rent
| Unit | Lake County FY 2027 | FY 2026 | Change | Indiana avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $1,117 | $959 | +$158 (+16.5%) | $1,005 | $1,379 | $44,680 |
| 1 bedroom | $1,176 | $1,082 | +$94 (+8.7%) | $1,082 | $1,478 | $47,040 |
| 2 bedrooms | $1,429 | $1,317 | +$112 (+8.5%) | $1,302 | $1,761 | $57,160 |
| 3 bedrooms | $1,739 | $1,612 | +$127 (+7.9%) | $1,642 | $2,266 | $69,560 |
| 4 bedrooms | $1,898 | $1,744 | +$154 (+8.8%) | $1,904 | $2,607 | $75,920 |
How Lake County compares
- HUD sets this rent for the Gary, IN metro FMR area, which covers 689,119 residents in 3 counties.
- Across Indiana, 2-bedroom FMRs run from $1,014 (Wayne County) to $1,536 (Boone County).
- Studio to 4-bedroom: $1,117, $1,176, $1,429, $1,739, $1,898. 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 27 ZIP codes mostly in Lake County (by land area), the 2-bedroom figure ranges from $1,140 to $1,880.
Small Area FMRs by ZIP code in Lake County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 46303 | $1,230 | $1,300 | $1,580 | $1,920 | $2,100 | +$170 (+12.1%) | 11% above |
| 46307 | $1,290 | $1,360 | $1,650 | $2,010 | $2,190 | +$140 (+9.3%) | 15% above |
| 46311 | $1,160 | $1,220 | $1,480 | $1,800 | $1,970 | +$30 (+2.1%) | 4% above |
| 46312 | $890 | $940 | $1,140 | $1,390 | $1,510 | +$100 (+9.6%) | 20% below |
| 46319 | $1,160 | $1,230 | $1,490 | $1,810 | $1,980 | +$150 (+11.2%) | 4% above |
| 46320 | $1,020 | $1,070 | $1,300 | $1,580 | $1,730 | +$170 (+15.0%) | 9% below |
| 46321 | $1,470 | $1,550 | $1,880 | $2,290 | $2,500 | +$200 (+11.9%) | 32% above |
| 46322 | $1,210 | $1,280 | $1,550 | $1,890 | $2,060 | +$80 (+5.4%) | 8% above |
| 46323 | $1,200 | $1,270 | $1,540 | $1,870 | $2,050 | +$120 (+8.5%) | 8% above |
| 46324 | $1,130 | $1,190 | $1,450 | $1,760 | $1,930 | +$100 (+7.4%) | 1% above |
| 46327 | $1,100 | $1,160 | $1,410 | $1,720 | $1,870 | +$120 (+9.3%) | 1% below |
| 46342 | $1,120 | $1,180 | $1,430 | $1,740 | $1,900 | +$90 (+6.7%) | about the same as |
| 46356 | $1,200 | $1,270 | $1,540 | $1,870 | $2,050 | +$80 (+5.5%) | 8% above |
| 46373 | $1,160 | $1,230 | $1,490 | $1,810 | $1,980 | +$330 (+28.4%) | 4% above |
| 46375 | $1,260 | $1,320 | $1,610 | $1,960 | $2,140 | +$130 (+8.8%) | 13% above |
| 46376 | $1,050 | $1,100 | $1,340 | $1,630 | $1,780 | +$120 (+9.8%) | 6% below |
| 46377 | $1,200 | $1,270 | $1,540 | $1,870 | $2,050 | +$80 (+5.5%) | 8% above |
| 46394 | $960 | $1,010 | $1,230 | $1,500 | $1,630 | +$70 (+6.0%) | 14% below |
| 46402 | $980 | $1,040 | $1,260 | $1,530 | $1,670 | +$140 (+12.5%) | 12% below |
| 46403 | $950 | $1,000 | $1,220 | $1,480 | $1,620 | +$80 (+7.0%) | 15% below |
| 46404 | $1,020 | $1,070 | $1,300 | $1,580 | $1,730 | +$100 (+8.3%) | 9% below |
| 46405 | $1,140 | $1,200 | $1,460 | $1,780 | $1,940 | +$110 (+8.1%) | 2% above |
| 46406 | $980 | $1,040 | $1,260 | $1,530 | $1,670 | +$90 (+7.7%) | 12% below |
| 46407 | $900 | $950 | $1,150 | $1,400 | $1,530 | +$80 (+7.5%) | 20% below |
| 46408 | $1,040 | $1,090 | $1,330 | $1,620 | $1,770 | +$120 (+9.9%) | 7% below |
| 46409 | $1,160 | $1,230 | $1,490 | $1,810 | $1,980 | +$80 (+5.7%) | 4% above |
| 46410 | $1,380 | $1,450 | $1,760 | $2,140 | $2,340 | +$170 (+10.7%) | 23% 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.