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Wells County/Bluffton/46714

46714

ZIPSAFMR
Wells County, IN
Zillow

ZIP Investment Score

68Below average

095130300
BRFMR
Eff. Rent
0 BR$800$880
1 BR$810$890
2 BR$1,050$1,100
3 BR$1,280$1,180
4 BR$1,460$1,250
5 BR$1,679Not available
6 BR$1,931Not available
7 BR$2,220Not available
8 BR$2,554Not available

Purchase Price Calculator

Maximum purchase price
$101,543

Cost breakdown

+Likely effective rent$1,100
HUD FMR$1,050
Market rent$1,120
Est. payment standard (104%)Used$1,100
-Principal and interest-$513
Loan amount$81,234
Down payment$20,309
Rate6.50%
Term30 years
-Operating costs-$387
Property taxes-$102
Insurance-$175
Utilities$0
HOA$0
Management-$110
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$17,918(88.2% ROI)
Projected value
$109,351
Return breakdown
Property appreciation+$7,808
Loan principal paid down+$2,910
Rental cash flow+$7,200
5-year hold
+$30,534(150.3% ROI)
Projected value
$114,887
Return breakdown
Property appreciation+$13,344
Loan principal paid down+$5,190
Rental cash flow+$12,000
10-year hold
+$64,808(319.1% ROI)
Projected value
$129,984
Return breakdown
Property appreciation+$28,441
Loan principal paid down+$12,367
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.82
1 BR
0.84
2 BR
0.94
3 BR
1.08
4 BR
1.17
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 46714 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 46714 (Bluffton, IN) is $1,050 a month. That is up 9.4% from $960 in FY 2026. Bluffton is in the Wells County, IN HUD Metro 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 metro-wide two-bedroom FMR of $1,102. Among 21 ZIP codes in Wells County, 46714 is tied for the 11th-highest two-bedroom rent (county range $1,010–$1,450). The median county two-bedroom FMR in Indiana is $1,086, so ZIP 46714 is 3% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 46714
BedroomsFY 2027Change90–110% range
Studio$800+11.1%$720–$880
1BR$810+11.0%$729–$891
2BR$1,050+9.4%$945–$1,155
3BR$1,280+10.3%$1,152–$1,408
4BR$1,460+9.0%$1,314–$1,606

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 46714
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$800$810$1,050$1,280$1,460
FY 2026$720$730$960$1,160$1,340
FY 2025$660$710$930$1,120$1,320
FY 2024area FMR$603$660$867$1,048$1,255
FY 2023area FMR$583$635$836$1,017$1,223

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Wells County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 46714
46714Current$1,050—
46731$1,090+3.8%
46733$1,020−2.9%
46740$1,010−3.8%
46759$1,020−2.9%
46766$1,060+1.0%
46770$1,030−1.9%
46777$1,190+13.3%
46778$1,0500.0%
46781$1,010−3.8%
46783$1,060+1.0%
46791$1,260+20.0%

Questions about ZIP 46714 rents

How much will Section 8 pay for a two-bedroom in ZIP 46714?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,102, which applies unless the housing authority uses Small Area FMRs, that basic range is $992 to $1,212 a month; under the ZIP-level Small Area FMR of $1,050 it would be $945 to $1,155. 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 46714 in?

ZIP 46714 is in the Wells County, IN HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,102.

How much did fair market rent change in ZIP 46714 for FY 2027?

The two-bedroom FMR rose 9.4%, from $960 in FY 2026 to $1,050 in FY 2027. Since FY 2025 it has risen 12.9%.

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