Metro FMR area · IN · HUD FY 2027

South Bend-Mishawaka, IN Fair Market Rent

HUD’s FY 2027 Fair Market Rent for a 2-bedroom in the South Bend-Mishawaka, IN area is $1,276 a month, 2% below the Indiana average and 28% below the U.S. average of $1,761. ZIP-level Small Area FMRs for its 30 ZIP codes range from $1,170 to $1,910.

$1,2762-bedroom FMR−$16 (−1.2%) vs FY 2026
$1,0931-bedroom FMRU.S.: $1,478
$51,040Income for a 2-bedroomat 30% of income
273,040Residents1 county

Can you afford the Fair Market Rent here?

Uses the common 30%-of-gross-income guideline. Results update as you type and stay in your browser.

Household income ($ per year, before tax)

Default: the income a 2-bedroom here needs at 30%.

Unit size

Rent you can afford at 30% of income$1,276/month

2-bedroom Fair Market Rent and the income it needs
Area	Fair Market Rent	Income needed	Share of your income
South Bend-Mishawaka, IN FMR	$1,276	$51,040	–
Indiana average	$1,302	$52,071	–
U.S. average	$1,761	$70,432	–

South Bend-Mishawaka, IN Fair Market Rents, FY 2027 vs FY 2026
Unit	South Bend-Mishawaka, IN FY 2027	FY 2026	Change	Indiana avg	U.S. avg	Income needed
Studio	$937	$898	+$39 (+4.3%)	$1,005	$1,379	$37,480
1 bedroom	$1,093	$1,105	−$12 (−1.1%)	$1,082	$1,478	$43,720
2 bedrooms	$1,276	$1,292	−$16 (−1.2%)	$1,302	$1,761	$51,040
3 bedrooms	$1,545	$1,567	−$22 (−1.4%)	$1,642	$2,266	$61,800
4 bedrooms	$1,677	$1,711	−$34 (−2.0%)	$1,904	$2,607	$67,080

Counties in this FMR area

Counties in the South Bend-Mishawaka, IN FMR area
County	Residents in area
St. Joseph County, IN	273,040

Small Area FMRs by ZIP code

Small Area FMRs apply to Housing Choice Vouchers where HUD requires them or the housing authority opts in; otherwise the metro FMR above applies. The median ZIP’s 2-bedroom SAFMR is $1,260.

Filter ZIP codes

FY 2027 Small Area Fair Market Rents, South Bend-Mishawaka, IN
ZIP	Studio	1BR	2BR	3BR	4BR	2BR vs FY 2026	2BR vs area FMR
46506	$810	$1,000	$1,170	$1,420	$1,540	+$170 (+17.0%)	8% below
46517	$890	$1,000	$1,170	$1,460	$1,550	+$110 (+10.4%)	8% below
46530	$1,410	$1,630	$1,910	$2,320	$2,520	+$50 (+2.7%)	50% above
46536	$810	$1,000	$1,170	$1,420	$1,540	+$30 (+2.6%)	8% below
46544	$910	$1,060	$1,240	$1,500	$1,630	−$30 (−2.4%)	3% below
46545	$990	$1,160	$1,350	$1,630	$1,770	+$20 (+1.5%)	6% above
46546	$940	$1,100	$1,280	$1,550	$1,680	−$10 (−0.8%)	about the same as
46550	$880	$1,000	$1,170	$1,420	$1,540	+$90 (+8.3%)	8% below
46552	$940	$1,060	$1,260	$1,530	$1,700	+$100 (+8.6%)	1% below
46554	$840	$1,000	$1,170	$1,420	$1,540	+$110 (+10.4%)	8% below
46556	$960	$1,170	$1,370	$1,670	$1,820	−$150 (−9.9%)	7% above
46561	$1,060	$1,210	$1,420	$1,740	$1,880	+$30 (+2.2%)	11% above
46563	$830	$1,000	$1,170	$1,420	$1,540	+$130 (+12.5%)	8% below
46573	$1,020	$1,080	$1,290	$1,680	$1,780	+$50 (+4.0%)	1% above
46574	$810	$1,000	$1,170	$1,420	$1,540	+$130 (+12.5%)	8% below
46595	$940	$1,100	$1,280	$1,550	$1,680	+$280 (+28.0%)	about the same as
46601	$810	$1,000	$1,170	$1,420	$1,540	+$110 (+10.4%)	8% below
46613	$900	$1,050	$1,220	$1,480	$1,600	−$60 (−4.7%)	4% below
46614	$810	$1,000	$1,170	$1,420	$1,540	+$60 (+5.4%)	8% below
46615	$870	$1,010	$1,180	$1,430	$1,550	−$10 (−0.8%)	8% below
46616	$940	$1,100	$1,280	$1,550	$1,680	−$20 (−1.5%)	about the same as
46617	$1,300	$1,520	$1,770	$2,140	$2,330	−$10 (−0.6%)	39% above
46619	$870	$1,020	$1,190	$1,440	$1,560	no change	7% below
46624	$890	$1,040	$1,210	$1,460	$1,590	−$80 (−6.2%)	5% below
46628	$960	$1,120	$1,310	$1,590	$1,720	no change	3% above
46634	$940	$1,100	$1,280	$1,550	$1,680	−$10 (−0.8%)	about the same as
46635	$850	$1,000	$1,170	$1,420	$1,540	−$30 (−2.5%)	8% below
46637	$1,040	$1,220	$1,420	$1,720	$1,870	−$20 (−1.4%)	11% above
46660	$940	$1,100	$1,280	$1,550	$1,680	−$10 (−0.8%)	about the same as
46680	$940	$1,100	$1,280	$1,550	$1,680	−$10 (−0.8%)	about the same as

Sources

U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).

Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.