46807
ZIPSAFMR
Allen County, IN
BRFMR
Eff. Rent
0 BR$880$790
1 BR$900$910
2 BR$1,100$1,030
3 BR$1,370$1,180
4 BR$1,490$1,320
5 BR$1,713
6 BR$1,971
7 BR$2,266
8 BR$2,606

Purchase Price Calculator

Maximum purchase price
$91,141

Cost breakdown

+Likely effective rent$1,030
HUD FMR$1,100
Market rentUsed$1,030
Est. payment standard (96%)$1,050
Market rent is below the inferred standard ($1,050, 96% of FMR).
-Principal and interest-$461
Loan amount$72,913
Down payment$18,228
Rate6.50%
Term30 years
-Operating costs-$369
Property taxes-$91
Insurance-$175
Utilities$0
HOA$0
Management-$103
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,820(92.3% ROI)
Projected value
$98,149
Current value$91,141
Return breakdown
Property appreciation+$7,008
Loan principal paid down+$2,612
Rental cash flow+$7,200
5-year hold
+$28,635(157.1% ROI)
Projected value
$103,118
Current value$91,141
Return breakdown
Property appreciation+$11,977
Loan principal paid down+$4,658
Rental cash flow+$12,000
10-year hold
+$60,627(332.6% ROI)
Projected value
$116,668
Current value$91,141
Return breakdown
Property appreciation+$25,527
Loan principal paid down+$11,100
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
1.11ratio
FMR$880
Market$790
vs market+$90

FMR is above market; underwrite to market rent.

90% standard$792 / 1.00 ratio110% standard$968 / 1.23 ratio
1.11
1 BR
1 BR
0.99ratio
FMR$900
Market$910
vs market-$10

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

90% standard$810 / 0.89 ratio110% standard$990 / 1.09 ratio
0.99
2 BR
2 BR
1.07ratio
FMR$1,100
Market$1,030
vs market+$70

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

90% standard$990 / 0.96 ratio110% standard$1,210 / 1.17 ratio
1.07
3 BR
3 BR
1.16ratio
FMR$1,370
Market$1,180
vs market+$190

FMR is above market; underwrite to market rent.

90% standard$1,233 / 1.04 ratio110% standard$1,507 / 1.28 ratio
1.16
4 BR
4 BR
1.13ratio
FMR$1,490
Market$1,320
vs market+$170

FMR is above market; underwrite to market rent.

90% standard$1,341 / 1.02 ratio110% standard$1,639 / 1.24 ratio
1.13
0.700.800.901.001.101.201.30aligned range

HUD benchmarks exceed market rents for larger 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 46807 (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.

46807 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 46807 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,100 and the 4 bedroom fair market rent is $1,490.

Use this page for searches like 46807 FMR, 46807 fair market rent, and 46807 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 46807
Bedroom sizeHUD FMR
Studio$880
1 bedroom$900
2 bedroom$1,100
3 bedroom$1,370
4 bedroom$1,490