46544
ZIPSAFMR
St. Joseph County, IN
BRFMR
Eff. Rent
0 BR$880$970
1 BR$1,090$1,130
2 BR$1,270$1,230
3 BR$1,540$1,530
4 BR$1,680$1,850
5 BR$1,932
6 BR$2,222
7 BR$2,555
8 BR$2,938

Purchase Price Calculator

Maximum purchase price
$120,861

Cost breakdown

+Likely effective rent$1,230
HUD FMR$1,270
Market rentUsed$1,230
Est. payment standard (98%)$1,240
Market rent is below the inferred standard ($1,240, 98% of FMR).
-Principal and interest-$611
Loan amount$96,689
Down payment$24,172
Rate6.50%
Term30 years
-Operating costs-$419
Property taxes-$121
Insurance-$175
Utilities$0
HOA$0
Management-$123
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,957(82.6% ROI)
Projected value
$130,154
Current value$120,861
Return breakdown
Property appreciation+$9,293
Loan principal paid down+$3,464
Rental cash flow+$7,200
5-year hold
+$34,060(140.9% ROI)
Projected value
$136,743
Current value$120,861
Return breakdown
Property appreciation+$15,882
Loan principal paid down+$6,177
Rental cash flow+$12,000
10-year hold
+$72,571(300.2% ROI)
Projected value
$154,712
Current value$120,861
Return breakdown
Property appreciation+$33,851
Loan principal paid down+$14,720
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
0.80ratio
FMR$880
Market$1,100
vs market-$220

FMR is below market; voucher rent may lag private rents.

90% standard$792 / 0.72 ratio110% standard$968 / 0.88 ratio
0.80
1 BR
1 BR
0.95ratio
FMR$1,090
Market$1,150
vs market-$60

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

90% standard$981 / 0.85 ratio110% standard$1,199 / 1.04 ratio
0.95
2 BR
2 BR
1.03ratio
FMR$1,270
Market$1,230
vs market+$40

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

90% standard$1,143 / 0.93 ratio110% standard$1,397 / 1.14 ratio
1.03
3 BR
3 BR
1.01ratio
FMR$1,540
Market$1,530
vs market+$10

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

90% standard$1,386 / 0.91 ratio110% standard$1,694 / 1.11 ratio
1.01
4 BR
4 BR
0.79ratio
FMR$1,680
Market$2,130
vs market-$450

FMR is below market; voucher rent may lag private rents.

90% standard$1,512 / 0.71 ratio110% standard$1,848 / 0.87 ratio
0.79
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for smaller 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 46544 (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.

46544 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 46544 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,270 and the 4 bedroom fair market rent is $1,680.

Use this page for searches like 46544 FMR, 46544 fair market rent, and 46544 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 46544
Bedroom sizeHUD FMR
Studio$880
1 bedroom$1,090
2 bedroom$1,270
3 bedroom$1,540
4 bedroom$1,680