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IN/Hamilton County/WESTFIELD

WESTFIELD, IN

CitySAFMR
Hamilton County
Found 1 ZIP
Zillow
BRFMR
Eff. Rent
0 BR$1,440▲$1,160
1 BR$1,630▲$1,320
2 BR$1,900▲$1,790
3 BR$2,460▲$1,900
4 BR$3,020▲$2,490
5 BR$3,473▲—
6 BR$3,994▲—
7 BR$4,593▲—
8 BR$5,282▲—

Purchase Price Calculator

Maximum purchase price
$204,077

Cost breakdown

+Likely effective rent$1,790
HUD FMR$1,900
Market rentUsed$1,790
Est. payment standard (96%)$1,830
Market rent is below the inferred standard ($1,830, 96% of FMR).
-Principal and interest-$1,032
Loan amount$163,261
Down payment$40,815
Rate6.50%
Term30 years
-Operating costs-$558
Property taxes-$204
Insurance-$175
Utilities$0
HOA$0
Management-$179
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$28,741(70.4% ROI)
Projected value
$219,768
Current value$204,077
Return breakdown
Property appreciation+$15,692
Loan principal paid down+$5,849
Rental cash flow+$7,200
5-year hold
+$49,248(120.7% ROI)
Projected value
$230,894
Current value$204,077
Return breakdown
Property appreciation+$26,817
Loan principal paid down+$10,431
Rental cash flow+$12,000
10-year hold
+$106,013(259.7% ROI)
Projected value
$261,236
Current value$204,077
Return breakdown
Property appreciation+$57,159
Loan principal paid down+$24,855
Rental cash flow+$24,000

Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio- 46074
1.24ratio
FMR$1,440
Market$1,160
vs market+$280

FMR is above market; underwrite to market rent.

90% standard$1,296 / 1.12 ratio110% standard$1,584 / 1.37 ratio
1.24
1 BR
1 BR- 46074
1.23ratio
FMR$1,630
Market$1,320
vs market+$310

FMR is above market; underwrite to market rent.

90% standard$1,467 / 1.11 ratio110% standard$1,793 / 1.36 ratio
1.23
2 BR
2 BR- 46074
1.06ratio
FMR$1,900
Market$1,790
vs market+$110

FMR is near market; voucher and private rents are aligned.

90% standard$1,710 / 0.96 ratio110% standard$2,090 / 1.17 ratio
1.06
3 BR
3 BR- 46074
1.29ratio
FMR$2,460
Market$1,900
vs market+$560

FMR is above market; underwrite to market rent.

90% standard$2,214 / 1.17 ratio110% standard$2,706 / 1.42 ratio
1.29
4 BR
4 BR- 46074
1.21ratio
FMR$3,020
Market$2,490
vs market+$530

FMR is above market; underwrite to market rent.

90% standard$2,718 / 1.09 ratio110% standard$3,322 / 1.33 ratio
1.21
0.700.800.901.001.101.201.30aligned range

HUD benchmarks exceed market rents for larger unit sizes.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for WESTFIELD, IN (IN) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

What is FMR?What is SAFMR?Data sourcesIncomplete geosView county page
Related ZIPs
46074

WESTFIELD, IN fair market rent benchmarks

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for WESTFIELD, IN shows monthly rent benchmarks by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,900 and the 4 bedroom fair market rent is $3,020.

Use these values to compare bedroom-size rent benchmarks and screen a property's rent assumptions. Local housing authorities set voucher payment standards, which may be above or below published HUD FMR, so confirm the applicable authority and current schedule before underwriting a property. Read the FMR and payment-standard guide for the full verification workflow.

FY 2026 Fair Market Rent by bedroom size for WESTFIELD, IN
Bedroom sizeHUD FMR
Studio$1,440
1 bedroom$1,630
2 bedroom$1,900
3 bedroom$2,460
4 bedroom$3,020
Hamilton County fair market rent46074 FMR