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 46513 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 46513 (Donaldson, IN) is $1,090 a month. That is up 7.9% from $1,010 in FY 2026. Donaldson is in the Marshall County, IN non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $1,088. Among 16 ZIP codes in Marshall County, 46513 is tied for the 8th-highest two-bedroom rent (county range $1,030–$1,250).
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 46513
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$720
$820
+13.9%
$738–$902
1BR
$830
$880
+6.0%
$792–$968
2BR
$1,010
$1,090
+7.9%
$981–$1,199
3BR
$1,230
$1,300
+5.7%
$1,170–$1,430
4BR
$1,340
$1,430
+6.7%
$1,287–$1,573
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 46513
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$820
$880
$1,090
$1,300
$1,430
FY 2026
$720
$830
$1,010
$1,230
$1,340
FY 2025
$670
$780
$950
$1,190
$1,260
FY 2024area FMR
$616
$727
$886
$1,168
$1,293
FY 2023area FMR
$578
$673
$829
$1,127
$1,343
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Marshall County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 46513?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,088, which applies unless the housing authority uses Small Area FMRs, that basic range is $979 to $1,197 a month; under the ZIP-level Small Area FMR of $1,090 it would be $981 to $1,199. 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 46513 in?
ZIP 46513 is in the Marshall County, IN non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,088.
How much did fair market rent change in ZIP 46513 for FY 2027?
The two-bedroom FMR rose 7.9%, from $1,010 in FY 2026 to $1,090 in FY 2027. Since FY 2025 it has risen 14.7%.
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