Section 8 Fair Market Rent (FMR) for ZIP 46660 - 2027

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$940
1 Bedroom	$1,100
2 Bedrooms	$1,280
3 Bedrooms	$1,550
4 Bedrooms	$1,680
5 Bedrooms	$1,949
6 Bedrooms	$2,183
7 Bedrooms	$2,358
8 Bedrooms	$2,476

Based on the available data, ZIP 46660 is located in South Bend, Indiana. The demographic data for this ZIP code is limited, as it primarily serves post office boxes, which means there is no direct population count, percentage of renters, or median income figures available. However, the median home value for ZIP 46660 is not directly provided, but we know that the Fair Market Rent (FMR) for the area is set at $1020 for the fiscal year 2024.

The lack of detailed demographic information makes it challenging to paint a comprehensive picture of the neighborhood. Nonetheless, the FMR provides insight into the rent economics. At $1020, the FMR reflects the government's assessment of reasonable rental costs for the area, which landlords and voucher holders must adhere to.

Considering the nature of ZIP 46660, it is well-suited for hands-off voucher operators rather than hands-on value-add buyers. The absence of extensive demographic data suggests a less residential focus, making it difficult to implement strategies aimed at increasing property value through improvements or renovations. For hands-off operators, the consistent demand for rental properties supported by government vouchers can provide a reliable source of income without the need for active management or significant investment in property enhancements.

To summarize, ZIP 46660 in South Bend, IN, offers a straightforward investment opportunity for those interested in participating in the Section 8 program. With an FMR of $1020, it aligns well with the needs of voucher holders and can be managed effectively by landlords who prefer a passive approach to real estate investing.

Data Sources: FMR data from HUD (2027).

About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.