46761
ZIPSAFMR
Steuben County, IN
BRFMR
Eff. Rent
0 BR$720$790
1 BR$730$800
2 BR$960$1,040
3 BR$1,150$1,160
4 BR$1,270$1,180
5 BR$1,461
6 BR$1,680
7 BR$1,932
8 BR$2,221

Purchase Price Calculator

Maximum purchase price
$92,627

Cost breakdown

+Likely effective rent$1,040
HUD FMR$960
Market rent$1,090
Est. payment standard (109%)Used$1,040
Estimated payment standard is $1,040 (109% of FMR).
-Principal and interest-$468
Loan amount$74,102
Down payment$18,525
Rate6.50%
Term30 years
-Operating costs-$372
Property taxes-$93
Insurance-$175
Utilities$0
HOA$0
Management-$104
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,977(91.6% ROI)
Projected value
$99,749
Current value$92,627
Return breakdown
Property appreciation+$7,122
Loan principal paid down+$2,655
Rental cash flow+$7,200
5-year hold
+$28,906(156.0% ROI)
Projected value
$104,799
Current value$92,627
Return breakdown
Property appreciation+$12,172
Loan principal paid down+$4,734
Rental cash flow+$12,000
10-year hold
+$61,225(330.5% ROI)
Projected value
$118,570
Current value$92,627
Return breakdown
Property appreciation+$25,943
Loan principal paid down+$11,281
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
0.78ratio
FMR$720
Market$920
vs market-$200

FMR is below market; voucher rent may lag private rents.

90% standard$648 / 0.70 ratio110% standard$792 / 0.86 ratio
0.78
1 BR
1 BR
0.74ratio
FMR$730
Market$980
vs market-$250

FMR is below market; voucher rent may lag private rents.

90% standard$657 / 0.67 ratio110% standard$803 / 0.82 ratio
0.74
2 BR
2 BR
0.88ratio
FMR$960
Market$1,090
vs market-$130

FMR is below market; voucher rent may lag private rents.

90% standard$864 / 0.79 ratio110% standard$1,056 / 0.97 ratio
0.88
3 BR
3 BR
0.99ratio
FMR$1,150
Market$1,160
vs market-$10

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

90% standard$1,035 / 0.89 ratio110% standard$1,265 / 1.09 ratio
0.99
4 BR
4 BR
1.08ratio
FMR$1,270
Market$1,180
vs market+$90

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

90% standard$1,143 / 0.97 ratio110% standard$1,397 / 1.18 ratio
1.08
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for smaller 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 46761 (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.

46761 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 46761 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $960 and the 4 bedroom fair market rent is $1,270.

Use this page for searches like 46761 FMR, 46761 fair market rent, and 46761 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 46761
Bedroom sizeHUD FMR
Studio$720
1 bedroom$730
2 bedroom$960
3 bedroom$1,150
4 bedroom$1,270