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LaGrange County/Hudson/46747

46747

ZIPSAFMR
LaGrange County, IN
Zillow

ZIP Investment Score

64Below average

095130300
BRFMR
Eff. Rent
0 BR$860$860
1 BR$860$860
2 BR$1,130$1,130
3 BR$1,420$1,420
4 BR$1,480$1,480
5 BR$1,702Not available
6 BR$1,957Not available
7 BR$2,251Not available
8 BR$2,589Not available

Purchase Price Calculator

Maximum purchase price
$106,001

Cost breakdown

+Likely effective rent$1,130
HUD FMRUsed$1,130
Market rentN/A
Est. payment standardN/A
-Principal and interest-$536
Loan amount$84,801
Down payment$21,200
Rate6.50%
Term30 years
-Operating costs-$394
Property taxes-$106
Insurance-$175
Utilities$0
HOA$0
Management-$113
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$18,389(86.7% ROI)
Projected value
$114,152
Return breakdown
Property appreciation+$8,150
Loan principal paid down+$3,038
Rental cash flow+$7,200
5-year hold
+$31,347(147.9% ROI)
Projected value
$119,930
Return breakdown
Property appreciation+$13,929
Loan principal paid down+$5,418
Rental cash flow+$12,000
10-year hold
+$66,599(314.1% ROI)
Projected value
$135,690
Return breakdown
Property appreciation+$29,689
Loan principal paid down+$12,910
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
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Tax rate
--
Mortgage rate
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ZIP 46747 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 46747 (Hudson, IN) is $1,130 a month. That is up 6.6% from $1,060 in FY 2026. Hudson is in the LaGrange County, IN non-metropolitan 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 county-wide two-bedroom FMR of $1,039. Among 16 ZIP codes in LaGrange County, 46747 has the 5th-highest two-bedroom rent (county range $1,010–$1,340). The median county two-bedroom FMR in Indiana is $1,086, so ZIP 46747 is 4% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 46747
BedroomsFY 2027Change90–110% range
Studio$860+7.5%$774–$946
1BR$860+6.2%$774–$946
2BR$1,130+6.6%$1,017–$1,243
3BR$1,420+5.2%$1,278–$1,562
4BR$1,480+5.0%$1,332–$1,628

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 46747
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$860$860$1,130$1,420$1,480
FY 2026$800$810$1,060$1,350$1,410
FY 2025$750$760$1,000$1,250$1,330
FY 2024area FMR$652$657$863$1,139$1,149
FY 2023area FMR$578$630$829$1,143$1,150

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

Two-bedroom rent in nearby LaGrange County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 46747
46571$1,120−0.9%
46703$1,070−5.3%
46746$1,060−6.2%
46747Current$1,130—
46761$1,010−10.6%
46767$1,080−4.4%
46771$1,040−8.0%
46776$1,160+2.7%
46784$1,060−6.2%
46786$1,080−4.4%
46789$1,070−5.3%
46795$1,080−4.4%

Questions about ZIP 46747 rents

How much will Section 8 pay for a two-bedroom in ZIP 46747?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,039, which applies unless the housing authority uses Small Area FMRs, that basic range is $935 to $1,143 a month; under the ZIP-level Small Area FMR of $1,130 it would be $1,017 to $1,243. 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 46747 in?

ZIP 46747 is in the LaGrange County, IN non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,039.

How much did fair market rent change in ZIP 46747 for FY 2027?

The two-bedroom FMR rose 6.6%, from $1,060 in FY 2026 to $1,130 in FY 2027. Since FY 2025 it has risen 13.0%.

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