46017
ZIPSAFMR
Madison County, IN
BRFMR
Eff. Rent
0 BR$920$800
1 BR$950$880
2 BR$1,240$940
3 BR$1,640$1,120
4 BR$1,640$1,430
5 BR$1,886
6 BR$2,169
7 BR$2,494
8 BR$2,868

Purchase Price Calculator

Maximum purchase price
$77,767

Cost breakdown

+Likely effective rent$940
HUD FMR$1,240
Market rentUsed$940
Est. payment standard (90%)$1,120
Market rent is below the inferred standard ($1,120, 90% of FMR).
-Principal and interest-$393
Loan amount$62,214
Down payment$15,553
Rate6.50%
Term30 years
-Operating costs-$347
Property taxes-$78
Insurance-$175
Utilities$0
HOA$0
Management-$94
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$15,409(99.1% ROI)
Projected value
$83,747
Current value$77,767
Return breakdown
Property appreciation+$5,980
Loan principal paid down+$2,229
Rental cash flow+$7,200
5-year hold
+$26,194(168.4% ROI)
Projected value
$87,986
Current value$77,767
Return breakdown
Property appreciation+$10,219
Loan principal paid down+$3,975
Rental cash flow+$12,000
10-year hold
+$55,253(355.2% ROI)
Projected value
$99,548
Current value$77,767
Return breakdown
Property appreciation+$21,781
Loan principal paid down+$9,471
Rental cash flow+$24,000

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Market Alignment

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

Studio
Studio
1.15ratio
FMR$920
Market$800
vs market+$120

FMR is above market; underwrite to market rent.

90% standard$828 / 1.03 ratio110% standard$1,012 / 1.26 ratio
1.15
1 BR
1 BR
1.08ratio
FMR$950
Market$880
vs market+$70

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

90% standard$855 / 0.97 ratio110% standard$1,045 / 1.19 ratio
1.08
2 BR
2 BR
1.32ratio
FMR$1,240
Market$940
vs market+$300

FMR is above market; underwrite to market rent.

90% standard$1,116 / 1.19 ratio110% standard$1,364 / 1.45 ratio
1.32
3 BR
3 BR
1.46ratio
FMR$1,640
Market$1,120
vs market+$520

FMR is above market; underwrite to market rent.

90% standard$1,476 / 1.32 ratio110% standard$1,804 / 1.61 ratio
1.46
4 BR
4 BR
1.15ratio
FMR$1,640
Market$1,430
vs market+$210

FMR is above market; underwrite to market rent.

90% standard$1,476 / 1.03 ratio110% standard$1,804 / 1.26 ratio
1.15
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 46017 (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.

46017 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 46017 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,240 and the 4 bedroom fair market rent is $1,640.

Use this page for searches like 46017 FMR, 46017 fair market rent, and 46017 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for 46017
Bedroom sizeHUD FMR
Studio$920
1 bedroom$950
2 bedroom$1,240
3 bedroom$1,640
4 bedroom$1,640