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Hamilton County/Anderson/46011

46011

ZIPSAFMR
Hamilton County, IN
Zillow

ZIP Investment Score

76Below average

095130300
BRFMR
Eff. Rent
0 BR$1,150$800
1 BR$1,160$920
2 BR$1,520$970
3 BR$1,990$1,230
4 BR$2,000$1,360
5 BR$2,300Not available
6 BR$2,645Not available
7 BR$3,042Not available
8 BR$3,498Not available

Purchase Price Calculator

Maximum purchase price
$82,225

Cost breakdown

+Likely effective rent$970
HUD FMR$1,520
Market rentUsed$970
Est. payment standard (90%)$1,370
-Principal and interest-$416
Loan amount$65,780
Down payment$16,445
Rate6.50%
Term30 years
-Operating costs-$354
Property taxes-$82
Insurance-$175
Utilities$0
HOA$0
Management-$97
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$15,879(96.6% ROI)
Projected value
$88,547
Return breakdown
Property appreciation+$6,322
Loan principal paid down+$2,357
Rental cash flow+$7,200
5-year hold
+$27,008(164.2% ROI)
Projected value
$93,030
Return breakdown
Property appreciation+$10,805
Loan principal paid down+$4,203
Rental cash flow+$12,000
10-year hold
+$57,044(346.9% ROI)
Projected value
$105,255
Return breakdown
Property appreciation+$23,030
Loan principal paid down+$10,014
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.44
1 BR
1.26
2 BR
1.57
3 BR
1.62
4 BR
1.47
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 46011 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 46011 (Anderson, IN) is $1,520 a month. That is up 10.1% from $1,380 in FY 2026. Anderson is in the Indianapolis-Carmel, IN HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 30 ZIP codes in Hamilton County, 46011 has the 21st-highest two-bedroom rent (county range $1,120–$2,300). The median county two-bedroom FMR in Indiana is $1,086, so ZIP 46011 is 40% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 46011
BedroomsFY 2027Change90–110% range
Studio$1,150+11.7%$1,035–$1,265
1BR$1,160+10.5%$1,044–$1,276
2BR$1,520+10.1%$1,368–$1,672
3BR$1,990+9.3%$1,791–$2,189
4BR$2,000+9.3%$1,800–$2,200

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 46011
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,150$1,160$1,520$1,990$2,000
FY 2026$1,030$1,050$1,380$1,820$1,830
FY 2025$890$1,040$1,220$1,590$1,920
FY 2024$900$980$1,290$1,660$1,720
FY 2023$720$780$1,020$1,300$1,370

Two-bedroom rent in nearby Hamilton County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 46011
46011Current$1,520—
46030$1,270−16.4%
46031$1,470−3.3%
46032$2,140+40.8%
46033$2,160+42.1%
46034$1,410−7.2%
46036$1,200−21.1%
46037$2,020+32.9%
46038$1,990+30.9%
46040$1,620+6.6%
46049$1,240−18.4%
46050$1,150−24.3%

Questions about ZIP 46011 rents

How much will Section 8 pay for a two-bedroom in ZIP 46011?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,520, that basic range is $1,368 to $1,672 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 ZIP 46011 in?

ZIP 46011 is in the Indianapolis-Carmel, IN HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in ZIP 46011 for FY 2027?

The two-bedroom FMR rose 10.1%, from $1,380 in FY 2026 to $1,520 in FY 2027. Since FY 2023 it has risen 49.0%.

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

County fair market rentAnderson, IN fair market rentIN statewide rentsWhat is SAFMR?Data sources