FMR is below market; voucher rent may lag private rents.
0.85
2 BR
2 BR- 46563
0.92ratio
FMR$1,170
Market$1,270
vs market-$100
FMR is near market; voucher and private rents are aligned.
0.92
3 BR
3 BR- 46563
0.99ratio
FMR$1,420
Market$1,430
vs market-$10
FMR is near market; voucher and private rents are aligned.
0.99
4 BR
4 BR- 46563
1.01ratio
FMR$1,540
Market$1,530
vs market+$10
FMR is near market; voucher and private rents are aligned.
1.01
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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Plymouth, IN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Plymouth, IN is $1,170 a month. That is up 12.5% from $1,040 in FY 2026. Plymouth 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 Plymouth is 8% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Plymouth, IN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$750
$830
+10.7%
$747–$913
1BR
$850
$1,000
+17.6%
$900–$1,100
2BR
$1,040
$1,170
+12.5%
$1,053–$1,287
3BR
$1,270
$1,420
+11.8%
$1,278–$1,562
4BR
$1,380
$1,540
+11.6%
$1,386–$1,694
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Plymouth, IN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$830
$1,000
$1,170
$1,420
$1,540
FY 2026
$750
$850
$1,040
$1,270
$1,380
FY 2025
$680
$800
$970
$1,210
$1,290
FY 2024
$690
$860
$1,020
$1,270
$1,360
FY 2023
$760
$920
$1,100
$1,400
$1,480
Questions about Plymouth, IN rents
How much will Section 8 pay for a two-bedroom in Plymouth, 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 $1,170 it would be $1,053 to $1,287. 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 Plymouth, IN in?
Plymouth, 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 Plymouth, IN for FY 2027?
The two-bedroom FMR rose 12.5%, from $1,040 in FY 2026 to $1,170 in FY 2027. Since FY 2023 it has risen 6.4%.
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