HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Kosciusko County, Indiana (FY 2027)
A two-bedroom in Kosciusko County carries a FY 2027 Fair Market Rent of $1,162 a month, effective October 1, 2026 through September 30, 2027. Everything Section 8 pays in Kosciusko keys off that figure.
Two-bedroom FMR
$1,162
+1.8% from FY 2026
Payment standard
$1,046–$1,278
90% to 110% of the FMR, two-bedroom
Income to afford
$46,480
a year, with rent at 30% of income
Rank in Indiana
34th of 92
by two-bedroom FMR, highest first
FY 2027 Fair Market Rents
Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2026 |
|---|---|---|---|---|---|
| Studio | $882 | $794–$970 | $35,280 | $16.96/hr | +0.8% |
| 1 bedroom | $888 | $799–$977 | $35,520 | $17.08/hr | +0.8% |
| 2 bedroom | $1,162 | $1,046–$1,278 | $46,480 | $22.35/hr | +1.8% |
| 3 bedroom | $1,410 | $1,269–$1,551 | $56,400 | $27.12/hr | +1.8% |
| 4 bedroom | $1,527 | $1,374–$1,680 | $61,080 | $29.37/hr | -2.1% |
Five to eight bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $1,756 | $1,580–$1,932 |
| 6 bedroom Estimate | $1,985 | $1,787–$2,184 |
| 7 bedroom Estimate | $2,214 | $1,993–$2,435 |
| 8 bedroom Estimate | $2,443 | $2,199–$2,687 |
Source: HUD Office of Policy Development and Research, FY 2027 Fair Market Rents. Rents include utilities. huduser.gov
Market check
HUD's number is one input. What does a two-bedroom in Kosciusko actually rent for?
Search any address in Kosciusko for a rent estimate built from nearby comps, with the HUD figure right next to it.
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What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Kosciusko somewhere between $1,046 and $1,278. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$1,162 a month is affordable, by HUD's 30% rule, on an income of roughly $46,480 a year. Put another way, $22 an hour full time.
Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.
| Monthly household income | Tenant pays (30%) | Voucher pays at 90%$1,046 | Voucher pays at 100%$1,162 | Voucher pays at 110%$1,278 |
|---|---|---|---|---|
| $2,500 | $750 | $296 | $412 | $528 |
| $4,000 | $1,200 | $0 | $0 | $78 |
Rate history
The two-bedroom rate went up 2% from FY 2026 ($1,142) to FY 2027 ($1,162). Since FY 2020 it's up 52% in total, about 6.2% a year. The Indiana median moved up 8% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $553 | $630 | $763 | $995 | $1,043 | — |
| FY 2021 | $569 | $657 | $794 | $1,030 | $1,083 | +4.1% |
| FY 2022 | $552 | $669 | $791 | $999 | $1,095 | -0.4% |
| FY 2023 | $623 | $763 | $893 | $1,107 | $1,255 | +12.9% |
| FY 2024 | $785 | $790 | $942 | $1,162 | $1,351 | +5.5% |
| FY 2025 | $866 | $871 | $1,076 | $1,324 | $1,510 | +14.2% |
| FY 2026 | $875 | $881 | $1,142 | $1,385 | $1,560 | +6.1% |
| FY 2027In effect | $882 | $888 | $1,162 | $1,410 | $1,527 | +1.8% |
About this rate
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2027 that's October 1, 2026 through September 30, 2027. In Kosciusko, that runs from $882 for a studio up to $1,527 for four bedrooms, all five rates in the table above.
Because Kosciusko sits outside any HUD metro area, its rate is a county-wide figure built from local rents. One number covers every address in the county, Warsaw included.
Among Indiana's 92 counties, Kosciusko ranks 34th for two-bedroom FMR. That's about 7% above the state median of $1,086 and about 9% above the national median county at $1,063. About 80,442 people live here, 22nd in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,010 in 46562 (Pierceton) and $1,230 in 46582 (Warsaw), with the 15 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 46502 | Atwood | $1,160 | -0.2% |
| 46508 | Burket | $1,030 | -11.4% |
| 46510 | Claypool | $1,100 | -5.3% |
| 46524 | Etna Green | $1,030 | -11.4% |
| 46538 | Leesburg | $1,140 | -1.9% |
| 46539 | Mentone | $1,090 | -6.2% |
| 46542 | Milford | $1,200 | +3.3% |
| 46555 | North Webster | $1,140 | -1.9% |
| 46562 | Pierceton | $1,010 | -13.1% |
| 46567 | Syracuse | $1,130 | -2.8% |
| 46580 | Warsaw | $1,150 | -1.0% |
| 46581 | Warsaw | $1,160 | -0.2% |
| 46582 | Warsaw | $1,230 | +5.9% |
| 46590 | Winona Lake | $1,230 | +5.9% |
| 46982 | Silver Lake | $1,190 | +2.4% |
Nearby counties
Two-bedroom FMR, with how each compares to Kosciusko.
Whitley County
20 mi · 34,618 people
$1,248
+7%
Marshall County
23 mi · 46,284 people
$1,088
-6%
Elkhart County
25 mi · 207,132 people
$1,253
+8%
Noble County
25 mi · 47,495 people
$1,023
-12%
Fulton County
26 mi · 20,312 people
$1,034
-11%
Wabash County
26 mi · 30,844 people
$1,014
-13%
Huntington County
34 mi · 36,798 people
$1,014
-13%
St. Joseph County
34 mi · 273,040 people
$1,276
+10%
Questions people ask
$1,162 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $882 for a studio, $888 for one bedroom, $1,410 for three and $1,527 for four.
Tools for this county
Fair Market Rent lookup
Any ZIP code's Small Area FMR by bedroom count
Section 8 rent calculator
Payment standard and tenant share for a specific rent
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords
Rent affordability calculator
The income a household needs for a given rent
What does a rental in Kosciusko actually go for?
HUD's number is one input. Search any address in Kosciusko for a rent estimate built from nearby comps. Free to start, no card.
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