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Porter County/Crown Point/46307

46307

ZIPSAFMR
Porter County, IN
Zillow

ZIP Investment Score

77Below average

095130300
BRFMR
Eff. Rent
0 BR$1,290$1,350
1 BR$1,360$1,320
2 BR$1,650$1,640
3 BR$2,010$2,080
4 BR$2,190$2,320
5 BR$2,519Not available
6 BR$2,896Not available
7 BR$3,331Not available
8 BR$3,830Not available

Purchase Price Calculator

Maximum purchase price
$181,787

Cost breakdown

+Likely effective rent$1,640
HUD FMR$1,650
Market rentUsed$1,640
Est. payment standard (100%)$1,640
-Principal and interest-$919
Loan amount$145,429
Down payment$36,357
Rate6.50%
Term30 years
-Operating costs-$521
Property taxes-$182
Insurance-$175
Utilities$0
HOA$0
Management-$164
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,388(72.6% ROI)
Projected value
$195,765
Return breakdown
Property appreciation+$13,978
Loan principal paid down+$5,210
Rental cash flow+$7,200
5-year hold
+$45,180(124.3% ROI)
Projected value
$205,675
Return breakdown
Property appreciation+$23,888
Loan principal paid down+$9,292
Rental cash flow+$12,000
10-year hold
+$97,056(266.9% ROI)
Projected value
$232,703
Return breakdown
Property appreciation+$50,916
Loan principal paid down+$22,140
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.93
1 BR
1.03
2 BR
1.01
3 BR
0.95
4 BR
0.92
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 46307 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 46307 (Crown Point, IN) is $1,650 a month. That is up 9.3% from $1,510 in FY 2026. Crown Point is in the Gary, IN HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 17 ZIP codes in Porter County, 46307 has the 2nd-highest two-bedroom rent (county range $1,130–$2,020). The median county two-bedroom FMR in Indiana is $1,086, so ZIP 46307 is 52% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 46307
BedroomsFY 2027Change90–110% range
Studio$1,290+17.3%$1,161–$1,419
1BR$1,360+9.7%$1,224–$1,496
2BR$1,650+9.3%$1,485–$1,815
3BR$2,010+8.6%$1,809–$2,211
4BR$2,190+9.5%$1,971–$2,409

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 46307
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,290$1,360$1,650$2,010$2,190
FY 2026$1,100$1,240$1,510$1,850$2,000
FY 2025$990$1,140$1,380$1,700$1,830
FY 2024$1,000$1,190$1,450$1,780$1,930
FY 2023$780$940$1,150$1,410$1,560

Two-bedroom rent in nearby Porter County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 46307
46301$2,020+22.4%
46302$1,380−16.4%
46304$1,500−9.1%
46307Current$1,650—
46341$1,180−28.5%
46342$1,430−13.3%
46347$1,130−31.5%
46348$1,360−17.6%
46360$1,240−24.8%
46368$1,480−10.3%
46383$1,470−10.9%
46384$1,480−10.3%

Questions about ZIP 46307 rents

How much will Section 8 pay for a two-bedroom in ZIP 46307?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,650, that basic range is $1,485 to $1,815 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 46307 in?

ZIP 46307 is in the Gary, 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 46307 for FY 2027?

The two-bedroom FMR rose 9.3%, from $1,510 in FY 2026 to $1,650 in FY 2027. Since FY 2023 it has risen 43.5%.

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