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IN/Elkhart County/Elkhart

Elkhart, IN

CitySAFMR
Elkhart County
Found 4 ZIPs
Zillow

City Median Investment Score

122Above average

095130300
BRFMR
Eff. Rent
0 BR$890 – $1,060$860 – $870
1 BR$1,000 – $1,100$1,000 – $1,040
2 BR$1,170 – $1,320$1,140 – $1,270
3 BR$1,460 – $1,740$1,330 – $1,450
4 BR$1,550 – $1,850$1,620 – $1,860
5 BR$1,995Not available
6 BR$2,295Not available
7 BR$2,639Not available
8 BR$3,035Not available

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1
1
1
1
1.03-1.22
1 BR
2
0.99-1.10
2 BR
3
1.03-1.08
3 BR
2
1.01-1.31
4 BR
3
0.92-0.99
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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Elkhart, IN fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 4 ZIP codes in Elkhart, IN ranges from $1,170 to $1,320 a month, with a median of $1,240. That is up 6.4% from $1,165 in FY 2026. Elkhart is in the Elkhart-Goshen, IN MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,253. The median county two-bedroom FMR in Indiana is $1,086, so Elkhart is 14% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Elkhart, IN
BedroomsFY 2027Change90–110% range
Studio$1,000+4.7%$900–$1,100
1BR$1,040+6.7%$936–$1,144
2BR$1,240+6.4%$1,116–$1,364
3BR$1,635+6.9%$1,472–$1,799
4BR$1,735+11.2%$1,562–$1,909

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Elkhart, IN
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,000$1,040$1,240$1,635$1,735
FY 2026$955$975$1,165$1,530$1,560
FY 2025$840$850$1,035$1,350$1,375
FY 2024$830$860$1,075$1,380$1,430
FY 2023$720$760$965$1,235$1,295

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
46514$1,320+6.5%
46515$1,250+0.8%
46516$1,230−0.8%
46517$1,170−5.6%

Questions about Elkhart, IN rents

How much will Section 8 pay for a two-bedroom in Elkhart, IN?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,253, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,128 to $1,378 a month; under the ZIP-level Small Area FMR of $1,240 it would be $1,116 to $1,364. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is Elkhart, IN in?

Elkhart, IN is in the Elkhart-Goshen, IN MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,253.

How much did fair market rent change in Elkhart, IN for FY 2027?

The two-bedroom FMR rose 6.4%, from $1,165 in FY 2026 to $1,240 in FY 2027. Since FY 2023 it has risen 28.5%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentIN statewide rentsWhat is SAFMR?Data sources