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Allen County/Harlan/46743

46743

ZIPSAFMR
Allen County, IN
Zillow

ZIP Investment Score

100Above average

095130300
BRFMR
Eff. Rent
0 BR$1,020$1,020
1 BR$1,020$1,020
2 BR$1,240$1,240
3 BR$1,520$1,520
4 BR$1,670$1,670
5 BR$1,920Not available
6 BR$2,209Not available
7 BR$2,540Not available
8 BR$2,921Not available

Purchase Price Calculator

Maximum purchase price
$122,347

Cost breakdown

+Likely effective rent$1,240
HUD FMRUsed$1,240
Market rentN/A
Est. payment standardN/A
-Principal and interest-$619
Loan amount$97,878
Down payment$24,469
Rate6.50%
Term30 years
-Operating costs-$421
Property taxes-$122
Insurance-$175
Utilities$0
HOA$0
Management-$124
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,114(82.2% ROI)
Projected value
$131,754
Return breakdown
Property appreciation+$9,407
Loan principal paid down+$3,507
Rental cash flow+$7,200
5-year hold
+$34,331(140.3% ROI)
Projected value
$138,424
Return breakdown
Property appreciation+$16,077
Loan principal paid down+$6,253
Rental cash flow+$12,000
10-year hold
+$73,168(299.0% ROI)
Projected value
$156,615
Return breakdown
Property appreciation+$34,268
Loan principal paid down+$14,901
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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ZIP 46743 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 46743 (Harlan, IN) is $1,240 a month. That is up 7.8% from $1,150 in FY 2026. Harlan is in the Fort Wayne, IN HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 58 ZIP codes in Allen County, 46743 has the 38th-highest two-bedroom rent (county range $1,010–$1,870). The median county two-bedroom FMR in Indiana is $1,086, so ZIP 46743 is 14% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 46743
BedroomsFY 2027Change90–110% range
Studio$1,020+13.3%$918–$1,122
1BR$1,020+7.4%$918–$1,122
2BR$1,240+7.8%$1,116–$1,364
3BR$1,520+5.6%$1,368–$1,672
4BR$1,670+7.1%$1,503–$1,837

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 46743
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,020$1,020$1,240$1,520$1,670
FY 2026$900$950$1,150$1,440$1,560
FY 2025$1,000$1,050$1,270$1,600$1,730
FY 2024$880$950$1,160$1,470$1,600
FY 2023$650$740$910$1,160$1,260

Two-bedroom rent in nearby Allen County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 46743
46706$1,040−16.1%
46723$1,010−18.5%
46725$1,200−3.2%
46733$1,020−17.7%
46741$1,650+33.1%
46743Current$1,240—
46745$1,060−14.5%
46748$1,510+21.8%
46765$1,480+19.4%
46773$1,080−12.9%
46774$1,230−0.8%
46777$1,190−4.0%

Questions about ZIP 46743 rents

How much will Section 8 pay for a two-bedroom in ZIP 46743?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,240, that basic range is $1,116 to $1,364 a month. 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 46743 in?

ZIP 46743 is in the Fort Wayne, IN HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in ZIP 46743 for FY 2027?

The two-bedroom FMR rose 7.8%, from $1,150 in FY 2026 to $1,240 in FY 2027. Since FY 2023 it has risen 36.3%.

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