46613
ZIPSAFMR
St. Joseph County, IN
BRFMR
Eff. Rent
0 BR$890$910
1 BR$1,090$980
2 BR$1,280$1,150
3 BR$1,550$1,430
4 BR$1,690$1,590
5 BR$1,943
6 BR$2,235
7 BR$2,570
8 BR$2,956

Purchase Price Calculator

Maximum purchase price
$108,973

Cost breakdown

+Likely effective rent$1,150
HUD FMR$1,280
Market rentUsed$1,150
Est. payment standard (93%)$1,200
Market rent is below the inferred standard ($1,200, 93% of FMR).
-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
Current value$108,973
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
Current value$108,973
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
Current value$108,973
Return breakdown
Property appreciation+$30,522
Loan principal paid down+$13,272
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
0.97ratio
FMR$890
Market$920
vs market-$30

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

90% standard$801 / 0.87 ratio110% standard$979 / 1.06 ratio
0.97
1 BR
1 BR
1.11ratio
FMR$1,090
Market$980
vs market+$110

FMR is above market; underwrite to market rent.

90% standard$981 / 1.00 ratio110% standard$1,199 / 1.22 ratio
1.11
2 BR
2 BR
1.11ratio
FMR$1,280
Market$1,150
vs market+$130

FMR is above market; underwrite to market rent.

90% standard$1,152 / 1.00 ratio110% standard$1,408 / 1.22 ratio
1.11
3 BR
3 BR
1.08ratio
FMR$1,550
Market$1,430
vs market+$120

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

90% standard$1,395 / 0.98 ratio110% standard$1,705 / 1.19 ratio
1.08
4 BR
4 BR
1.06ratio
FMR$1,690
Market$1,590
vs market+$100

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

90% standard$1,521 / 0.96 ratio110% standard$1,859 / 1.17 ratio
1.06
0.700.800.901.001.101.201.30aligned range

HUD benchmarks exceed market rents for larger 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 46613 (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.

46613 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 46613 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,280 and the 4 bedroom fair market rent is $1,690.

Use this page for searches like 46613 FMR, 46613 fair market rent, and 46613 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 46613
Bedroom sizeHUD FMR
Studio$890
1 bedroom$1,090
2 bedroom$1,280
3 bedroom$1,550
4 bedroom$1,690