FMR is below market; voucher rent may lag private rents.
0.69
1 BR
1 BR- 46779
0.67ratio
FMR$830
Market$1,230
vs market-$400
FMR is below market; voucher rent may lag private rents.
0.67
2 BR
2 BR- 46779
0.79ratio
FMR$1,070
Market$1,350
vs market-$280
FMR is below market; voucher rent may lag private rents.
0.79
3 BR
3 BR- 46779
0.96ratio
FMR$1,360
Market$1,410
vs market-$50
FMR is near market; voucher and private rents are aligned.
0.96
4 BR
4 BR- 46779
0.92ratio
FMR$1,410
Market$1,530
vs market-$120
FMR is near market; voucher and private rents are aligned.
0.92
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
--
Pleasant Lake, IN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Pleasant Lake, IN is $1,070 a month. That is up 5.9% from $1,010 in FY 2026. Pleasant Lake is in the Steuben County, IN non-metropolitan 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 county-wide two-bedroom FMR of $1,102. The median county two-bedroom FMR in Indiana is $1,086, so Pleasant Lake is 1% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Pleasant Lake, IN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$760
$810
+6.6%
$729–$891
1BR
$770
$830
+7.8%
$747–$913
2BR
$1,010
$1,070
+5.9%
$963–$1,177
3BR
$1,290
$1,360
+5.4%
$1,224–$1,496
4BR
$1,340
$1,410
+5.2%
$1,269–$1,551
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Pleasant Lake, IN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$810
$830
$1,070
$1,360
$1,410
FY 2026
$760
$770
$1,010
$1,290
$1,340
FY 2025
$730
$750
$980
$1,230
$1,300
FY 2024area FMR
$684
$726
$944
$1,172
$1,257
FY 2023area FMR
$661
$708
$920
$1,120
$1,236
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Pleasant Lake, IN rents
How much will Section 8 pay for a two-bedroom in Pleasant Lake, IN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,102, which applies unless the housing authority uses Small Area FMRs, that basic range is $992 to $1,212 a month; under the ZIP-level Small Area FMR of $1,070 it would be $963 to $1,177. 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 Pleasant Lake, IN in?
Pleasant Lake, IN is in the Steuben County, IN non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,102.
How much did fair market rent change in Pleasant Lake, IN for FY 2027?
The two-bedroom FMR rose 5.9%, from $1,010 in FY 2026 to $1,070 in FY 2027. Since FY 2025 it has risen 9.2%.
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