The PHA sets a payment standard ranging from 90% to 110% of the Fair Market Rents (FMRs).

Mishawaka, IN 46546's Section 8 Fair Market Rent

In the year 2024, as a landlord, if you're looking to rent your property to a Section 8 tenant or another housing voucher program in the 46546 zip code area, you can consider the following rental prices based on HUD income limits.

Efficiency:The efficiency rental rates range from a low of $621 to a high of $759, with an average of $690.
One-bedroom: One-bedroom rental prices vary, with a minimum of $774, a maximum of $946, and an average of $860.
Two-bedroom: The rental rates for two-bedroom apartments exhibit a range, starting at a minimum of $918, peaking at a maximum of $1,122, and averaging at $1,020.
Three-bedroom: Three-bedroom rental rates exhibit a range, with a minimum of $1,143, a maximum of $1,397, and an average of $1,270.
Four-bedroom: The rental prices for four-bedroom properties fluctuate, ranging from a minimum of $1,224 to a maximum of $1,496, with an average of $1,360.

The fair market rent mentioned already includes all utilities. If a landlord chooses not to provide utility coverage, they can subtract the utility costs from the rent to determine the adjusted rental price.

Each housing authority establishes its own rental rates, so you should check the pricing set by that specific housing authority to determine the maximum amount they can offer. It's advisable to adhere to their pricing guidelines.

HUD's Fair Market Rent guides Section 8 rates for your rental unit.

Year City, State, Zipcode HUD Fair Market Rent Bedrooms
Studio 1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom
2024 Mishawaka, IN 46546 Low Rent (90%) $621 $774 $918 $1,143 $1,224
Average Rent $690 $860 $1,020 $1,270 $1,360
High Rent(110%) $759 $946 $1,122 $1,397 $1,496
2023 Mishawaka, IN 46546 Low Rent (90%) $684 $828 $990 $1,260 $1,332
Average Rent $760 $920 $1,100 $1,400 $1,480
High Rent (110%) $836 $1,012 $1,210 $1,540 $1,628
2022 Mishawaka, IN 46546 Low Rent (90%) $639 $738 $882 $1,125 $1,197
Average Rent $710 $820 $980 $1,250 $1,330
High Rent(110%) $781 $902 $1,078 $1,375 $1,463
2021 Mishawaka, IN 46546 Low Rent (90%) $558 $639 $765 $990 $1,035
Average Rent $620 $710 $850 $1,100 $1,150
High Rent (110%) $682 $781 $935 $1,210 $1,265
2020 Mishawaka, IN 46546 Low Rent (90%) $540 $621 $756 $972 $1,026
Average Rent $600 $690 $840 $1,080 $1,140
High Rent(110%) $660 $759 $924 $1,188 $1,254
2019 Mishawaka, IN 46546 Low Rent (90%) $477 $585 $729 $945 $981
Average Rent $530 $650 $810 $1,050 $1,090
High Rent (110%) $583 $715 $891 $1,155 $1,199


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