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Noble County/Huntertown/46748

46748

ZIPSAFMR
Noble County, IN
Zillow

ZIP Investment Score

79Below average

095130300
BRFMR
Eff. Rent
0 BR$1,200$1,320
1 BR$1,240$1,360
2 BR$1,510$1,620
3 BR$1,870$1,820
4 BR$2,050$2,170
5 BR$2,358Not available
6 BR$2,711Not available
7 BR$3,118Not available
8 BR$3,585Not available

Purchase Price Calculator

Maximum purchase price
$178,815

Cost breakdown

+Likely effective rent$1,620
HUD FMR$1,510
Market rent$1,680
Est. payment standard (107%)Used$1,620
-Principal and interest-$904
Loan amount$143,052
Down payment$35,763
Rate6.50%
Term30 years
-Operating costs-$516
Property taxes-$179
Insurance-$175
Utilities$0
HOA$0
Management-$162
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,074(72.9% ROI)
Projected value
$192,564
Return breakdown
Property appreciation+$13,749
Loan principal paid down+$5,125
Rental cash flow+$7,200
5-year hold
+$44,637(124.8% ROI)
Projected value
$202,313
Return breakdown
Property appreciation+$23,498
Loan principal paid down+$9,140
Rental cash flow+$12,000
10-year hold
+$95,861(268.0% ROI)
Projected value
$228,898
Return breakdown
Property appreciation+$50,083
Loan principal paid down+$21,778
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.81
1 BR
0.86
2 BR
0.90
3 BR
1.03
4 BR
0.92
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 46748 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 46748 (Huntertown, IN) is $1,510 a month. That is down 9.6% from $1,670 in FY 2026. Huntertown is in the Noble 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 $1,023. Among 19 ZIP codes in Noble County, 46748 has the highest two-bedroom rent (county range $1,010–$1,510). The median county two-bedroom FMR in Indiana is $1,086, so ZIP 46748 is 39% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 46748
BedroomsFY 2027Change90–110% range
Studio$1,200−9.8%$1,080–$1,320
1BR$1,240−9.5%$1,116–$1,364
2BR$1,510−9.6%$1,359–$1,661
3BR$1,870−9.7%$1,683–$2,057
4BR$2,050−9.7%$1,845–$2,255

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 46748
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,200$1,240$1,510$1,870$2,050
FY 2026$1,330$1,370$1,670$2,070$2,270
FY 2025$1,410$1,480$1,790$2,260$2,450
FY 2024$1,240$1,340$1,630$2,060$2,240
FY 2023$870$990$1,210$1,540$1,680

Two-bedroom rent in nearby Noble County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 46748
46710$1,010−33.1%
46723$1,010−33.1%
46725$1,200−20.5%
46730$1,040−31.1%
46732$1,110−26.5%
46748Current$1,510—
46755$1,010−33.1%
46760$1,080−28.5%
46763$1,020−32.5%
46764$1,380−8.6%
46767$1,080−28.5%
46784$1,060−29.8%

Questions about ZIP 46748 rents

How much will Section 8 pay for a two-bedroom in ZIP 46748?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,023, which applies unless the housing authority uses Small Area FMRs, that basic range is $921 to $1,125 a month; under the ZIP-level Small Area FMR of $1,510 it would be $1,359 to $1,661. 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 46748 in?

ZIP 46748 is in the Noble County, IN non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,023.

How much did fair market rent change in ZIP 46748 for FY 2027?

The two-bedroom FMR fell 9.6%, from $1,670 in FY 2026 to $1,510 in FY 2027. Since FY 2023 it has risen 24.8%.

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