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Elkhart County/Goshen/46526

46526

ZIPSAFMR
Elkhart County, IN
Zillow

ZIP Investment Score

103Above average

095130300
BRFMR
Eff. Rent
0 BR$1,070$920
1 BR$1,110$1,040
2 BR$1,330$1,180
3 BR$1,750$1,520
4 BR$1,860$1,660
5 BR$2,139Not available
6 BR$2,460Not available
7 BR$2,829Not available
8 BR$3,253Not available

Purchase Price Calculator

Maximum purchase price
$113,431

Cost breakdown

+Likely effective rent$1,180
HUD FMR$1,330
Market rentUsed$1,180
Est. payment standard (93%)$1,230
-Principal and interest-$574
Loan amount$90,745
Down payment$22,686
Rate6.50%
Term30 years
-Operating costs-$406
Property taxes-$113
Insurance-$175
Utilities$0
HOA$0
Management-$118
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,173(84.5% ROI)
Projected value
$122,153
Return breakdown
Property appreciation+$8,722
Loan principal paid down+$3,251
Rental cash flow+$7,200
5-year hold
+$32,703(144.2% ROI)
Projected value
$128,337
Return breakdown
Property appreciation+$14,906
Loan principal paid down+$5,798
Rental cash flow+$12,000
10-year hold
+$69,585(306.7% ROI)
Projected value
$145,201
Return breakdown
Property appreciation+$31,770
Loan principal paid down+$13,815
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.16
1 BR
1.07
2 BR
1.13
3 BR
1.15
4 BR
1.12
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 46526 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 46526 (Goshen, IN) is $1,330 a month. That is up 6.4% from $1,250 in FY 2026. Goshen is in the Elkhart-Goshen, IN MSA. 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 metro-wide two-bedroom FMR of $1,253. Among 19 ZIP codes in Elkhart County, 46526 has the 4th-highest two-bedroom rent (county range $1,070–$1,910). The median county two-bedroom FMR in Indiana is $1,086, so ZIP 46526 is 23% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 46526
BedroomsFY 2027Change90–110% range
Studio$1,070+4.9%$963–$1,177
1BR$1,110+5.7%$999–$1,221
2BR$1,330+6.4%$1,197–$1,463
3BR$1,750+6.7%$1,575–$1,925
4BR$1,860+11.4%$1,674–$2,046

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 46526
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,070$1,110$1,330$1,750$1,860
FY 2026$1,020$1,050$1,250$1,640$1,670
FY 2025$900$910$1,110$1,450$1,470
FY 2024$870$900$1,130$1,450$1,500
FY 2023$740$770$990$1,270$1,330

Two-bedroom rent in nearby Elkhart County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 46526
46507$1,280−3.8%
46514$1,320−0.8%
46515$1,250−6.0%
46516$1,230−7.5%
46517$1,170−12.0%
46526Current$1,330—
46527$1,250−6.0%
46528$1,270−4.5%
46530$1,910+43.6%
46540$1,340+0.8%
46542$1,200−9.8%
46543$1,270−4.5%

Questions about ZIP 46526 rents

How much will Section 8 pay for a two-bedroom in ZIP 46526?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,253, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,128 to $1,378 a month; under the ZIP-level Small Area FMR of $1,330 it would be $1,197 to $1,463. 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 46526 in?

ZIP 46526 is in the Elkhart-Goshen, IN MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,253.

How much did fair market rent change in ZIP 46526 for FY 2027?

The two-bedroom FMR rose 6.4%, from $1,250 in FY 2026 to $1,330 in FY 2027. Since FY 2023 it has risen 34.3%.

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