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Section 8 Fair Market Rent in South Bend-Mishawaka, IN (FY2027)
HUD's official FY2027 Fair Market Rents for the South Bend-Mishawaka, IN HUD Metro FMR Area, by bedroom count. These figures set the baseline for what the Housing Choice Voucher program pays landlords in this area.
| Unit size | FY2027 FMR | Payment standard range (90–110%) |
|---|---|---|
| Studio / efficiency | $937 | $843 – $1,031 |
| 1 bedroom | $1,093 | $984 – $1,202 |
| 2 bedrooms | $1,276 | $1,148 – $1,404 |
| 3 bedrooms | $1,545 | $1,391 – $1,700 |
| 4 bedrooms | $1,677 | $1,509 – $1,845 |
Source: HUD User — FY 2027 Fair Market Rents. FY2027 FMRs are effective October 1, 2026. FY2027 FMRs take effect October 1, 2026; until that date, the prior FY2026 schedule remains in effect. Retrieved 2026-09-07.
How this market compares
The 2-bedroom FMR here is $1,276 — 23% above the Indiana median of $1,039 across all 73 FMR areas in the state.
Counties and towns covered
The South Bend-Mishawaka, IN FMR area is a metro area covering: St. Joseph County. One FMR applies across the whole area — HUD does not publish separate figures per city or ZIP here (some large metros have Small Area FMRs by ZIP; check with the local housing authority).
What a landlord actually collects
FMR is the baseline, not the contract rent. The local housing authority sets a payment standard between 90% and 110% of FMR (the range in the table above), and your unit must pass a rent-reasonableness comparison against similar unassisted rentals nearby. The voucher then covers the gap between the tenant's share (roughly 30% of their income) and the approved rent.
Run the numbers for a deal in South Bend-Mishawaka: Section 8 vs market rent, DSCR, or cash-on-cash return.
Comparable Indiana markets by 2BR FMR
| FMR area | 1 BR | 2 BR | 3 BR |
|---|---|---|---|
| Louisville | $1,058 | $1,276 | $1,629 |
| Lafayette-West Lafayette | $1,070 | $1,273 | $1,517 |
| Elkhart-Goshen | $1,048 | $1,253 | $1,653 |
| Bloomington | $1,096 | $1,252 | $1,601 |
| Fort Wayne | $1,026 | $1,248 | $1,534 |
| Michigan City-La Porte | $1,031 | $1,245 | $1,525 |
Informational only — not financial, legal, or lending advice. Confirm current payment standards with the housing authority serving South Bend-Mishawaka.