FMR is near market; voucher and private rents are aligned.
0.94
1 BR
1 BR- 46561
1.03ratio
FMR$1,210
Market$1,170
vs market+$40
FMR is near market; voucher and private rents are aligned.
1.03
2 BR
2 BR- 46561
1.12ratio
FMR$1,420
Market$1,270
vs market+$150
FMR is above market; underwrite to market rent.
1.12
3 BR
3 BR- 46561
1.08ratio
FMR$1,740
Market$1,610
vs market+$130
FMR is near market; voucher and private rents are aligned.
1.08
4 BR
4 BR- 46561
0.79ratio
FMR$1,880
Market$2,390
vs market-$510
FMR is below market; voucher rent may lag private rents.
0.79
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
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Osceola, IN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Osceola, IN is $1,420 a month. That is up 2.2% from $1,390 in FY 2026. Osceola is in the South Bend-Mishawaka, IN HUD Metro FMR Area. 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 $1,276. The median county two-bedroom FMR in Indiana is $1,086, so Osceola is 31% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Osceola, IN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$990
$1,060
+7.1%
$954–$1,166
1BR
$1,180
$1,210
+2.5%
$1,089–$1,331
2BR
$1,390
$1,420
+2.2%
$1,278–$1,562
3BR
$1,700
$1,740
+2.4%
$1,566–$1,914
4BR
$1,840
$1,880
+2.2%
$1,692–$2,068
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Osceola, IN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,060
$1,210
$1,420
$1,740
$1,880
FY 2026
$990
$1,180
$1,390
$1,700
$1,840
FY 2025
$830
$1,010
$1,190
$1,480
$1,580
FY 2024
$760
$930
$1,100
$1,380
$1,470
FY 2023
$830
$1,000
$1,200
$1,520
$1,610
Questions about Osceola, IN rents
How much will Section 8 pay for a two-bedroom in Osceola, IN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,276, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,148 to $1,404 a month; under the ZIP-level Small Area FMR of $1,420 it would be $1,278 to $1,562. 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 Osceola, IN in?
Osceola, IN is in the South Bend-Mishawaka, IN HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,276.
How much did fair market rent change in Osceola, IN for FY 2027?
The two-bedroom FMR rose 2.2%, from $1,390 in FY 2026 to $1,420 in FY 2027. Since FY 2023 it has risen 18.3%.
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