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Tipton County/Kirklin/46050

46050

ZIPSAFMR
Tipton County, IN
Zillow

ZIP Investment Score

93Below average

095130300
BRFMR
Eff. Rent
0 BR$910$910
1 BR$940$940
2 BR$1,150$1,150
3 BR$1,520$1,520
4 BR$1,600$1,600
5 BR$1,840Not available
6 BR$2,116Not available
7 BR$2,433Not available
8 BR$2,798Not available

Purchase Price Calculator

Maximum purchase price
$108,973

Cost breakdown

+Likely effective rent$1,150
HUD FMRUsed$1,150
Market rentN/A
Est. payment standardN/A
-Principal and interest-$551
Loan amount$87,178
Down payment$21,795
Rate6.50%
Term30 years
-Operating costs-$399
Property taxes-$109
Insurance-$175
Utilities$0
HOA$0
Management-$115
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$18,702(85.8% ROI)
Projected value
$117,352
Return breakdown
Property appreciation+$8,379
Loan principal paid down+$3,123
Rental cash flow+$7,200
5-year hold
+$31,890(146.3% ROI)
Projected value
$123,293
Return breakdown
Property appreciation+$14,320
Loan principal paid down+$5,570
Rental cash flow+$12,000
10-year hold
+$67,794(311.1% ROI)
Projected value
$139,495
Return breakdown
Property appreciation+$30,522
Loan principal paid down+$13,272
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 46050 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 46050 (Kirklin, IN) is $1,150 a month. That is up 4.5% from $1,100 in FY 2026. Kirklin is in the Tipton County, IN HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 14 ZIP codes in Tipton County, 46050 has the 12th-highest two-bedroom rent (county range $1,120–$1,470). The median county two-bedroom FMR in Indiana is $1,086, so ZIP 46050 is 6% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 46050
BedroomsFY 2027Change90–110% range
Studio$910+12.3%$819–$1,001
1BR$9400.0%$846–$1,034
2BR$1,150+4.5%$1,035–$1,265
3BR$1,520+5.6%$1,368–$1,672
4BR$1,600−7.5%$1,440–$1,760

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 46050
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$910$940$1,150$1,520$1,600
FY 2026$810$940$1,100$1,440$1,730
FY 2025$890$1,040$1,220$1,590$1,920
FY 2024$750$870$1,030$1,340$1,620
FY 2023$610$710$850$1,110$1,320

Two-bedroom rent in nearby Tipton County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 46050
46031$1,470+27.8%
46036$1,200+4.3%
46039$1,130−1.7%
46045$1,230+7.0%
46047$1,230+7.0%
46049$1,240+7.8%
46050Current$1,150—
46068$1,380+20.0%
46069$1,120−2.6%
46072$1,240+7.8%
46076$1,340+16.5%
46902$1,190+3.5%

Questions about ZIP 46050 rents

How much will Section 8 pay for a two-bedroom in ZIP 46050?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,150, that basic range is $1,035 to $1,265 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 46050 in?

ZIP 46050 is in the Tipton County, 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 46050 for FY 2027?

The two-bedroom FMR rose 4.5%, from $1,100 in FY 2026 to $1,150 in FY 2027. Since FY 2023 it has risen 35.3%.

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