FMR is near market; voucher and private rents are aligned.
0.94
1 BR
1 BR- 46360
0.84ratio
FMR$1,030
Market$1,230
vs market-$200
FMR is below market; voucher rent may lag private rents.
0.84
2 BR
2 BR- 46360
0.84ratio
FMR$1,240
Market$1,470
vs market-$230
FMR is below market; voucher rent may lag private rents.
0.84
3 BR
3 BR- 46360
0.88ratio
FMR$1,520
Market$1,730
vs market-$210
FMR is below market; voucher rent may lag private rents.
0.88
4 BR
4 BR- 46360
0.88ratio
FMR$1,750
Market$2,000
vs market-$250
FMR is below market; voucher rent may lag private rents.
0.88
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
Michigan City, IN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Michigan City, IN is $1,240 a month. That is up 13.8% from $1,090 in FY 2026. Michigan City is in the Michigan City-La Porte, IN MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Indiana is $1,086, so Michigan City is 14% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Michigan City, IN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$830
$960
+15.7%
$864–$1,056
1BR
$900
$1,030
+14.4%
$927–$1,133
2BR
$1,090
$1,240
+13.8%
$1,116–$1,364
3BR
$1,370
$1,520
+10.9%
$1,368–$1,672
4BR
$1,580
$1,750
+10.8%
$1,575–$1,925
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Michigan City, IN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$960
$1,030
$1,240
$1,520
$1,750
FY 2026
$830
$900
$1,090
$1,370
$1,580
FY 2025
$700
$840
$1,020
$1,290
$1,490
FY 2024
$690
$820
$1,010
$1,290
$1,450
FY 2023
$630
$760
$940
$1,210
$1,350
Questions about Michigan City, IN rents
How much will Section 8 pay for a two-bedroom in Michigan City, IN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,240, that basic range is $1,116 to $1,364 a month. 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 Michigan City, IN in?
Michigan City, IN is in the Michigan City-La Porte, IN MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Michigan City, IN for FY 2027?
The two-bedroom FMR rose 13.8%, from $1,090 in FY 2026 to $1,240 in FY 2027. Since FY 2023 it has risen 31.9%.
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