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Section 8 rent in South Bend-Mishawaka, IN

FY2025 HUD Small Area Fair Market Rents for the South Bend-Mishawaka, IN HUD Metro FMR Area, covering 30 ZIP codes.

$1,081Avg 2BR FMR / mo
$1,189Avg 2BR at 110% Standard
30ZIP Codes

Fair market rent by bedroom count

Base SAFMR across all ZIP codes in this market. Housing authorities may set payment standards between 90% and 110% of these rates.

BedroomsLowest ZIPAverageHighest ZIPAvg 110% Standard
Studio$640$756$1,070$832
1 Bedroom$780$916$1,310$1,008
2 Bedrooms$930$1,081$1,540$1,189
3 Bedrooms$1,150$1,344$1,910$1,478
4 Bedrooms$1,230$1,442$2,040$1,586

Small multifamily Section 8 income

Estimated gross monthly and annual rent for 2-to-4 unit properties, assuming every unit is rented to Section 8 at this market's average fair market rent. Small multifamily is a favorite for long-term buy-and-hold investors stacking stable voucher income across multiple doors.

Property TypeUnit MixGross Monthly RentGross Annual Rent
Duplex2 × 2BR$2,162$25,944
Triplex3 × 2BR$3,243$38,916
Fourplex4 × 2BR$4,324$51,888
Fourplex4 × 3BR$5,376$64,512

Gross scheduled rent before vacancy, maintenance and management. Run any Indiana multifamily listing through RealG to model it against real operating costs, or try the rental property calculator.

Highest-paying ZIP codes

Top 15 of 30 ZIP codes in this market, ranked by 2-bedroom SAFMR.

ZIP Code1BR2BR3BR4BR
46530 $1,310 $1,540 $1,910 $2,040
46617 $1,280 $1,500 $1,850 $1,990
46556 $1,100 $1,290 $1,590 $1,710
46637 $1,040 $1,220 $1,500 $1,620
46561 $1,010 $1,190 $1,480 $1,580
46616 $960 $1,120 $1,380 $1,480
46613 $950 $1,110 $1,370 $1,470
46545 $940 $1,100 $1,360 $1,460
46546 $940 $1,100 $1,360 $1,460
46624 $940 $1,100 $1,360 $1,460
46628 $940 $1,100 $1,360 $1,460
46634 $940 $1,100 $1,360 $1,460
46660 $940 $1,100 $1,360 $1,460
46680 $940 $1,100 $1,360 $1,460
46544 $910 $1,070 $1,320 $1,420

Quick cash flow check

Free Tool

Estimate monthly cash flow renting to Section 8 at this market's average fair market rent.

Section 8 rent (avg FMR)—
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30-year fixed. Taxes and insurance estimated at 1.5% and 0.5% of price per year. Before vacancy, maintenance and management. For a full itemized analysis, run this market in RealG.

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Frequently asked questions

How much does Section 8 pay for a 2-bedroom in South Bend-Mishawaka, IN?
For FY2025, the average 2-bedroom Small Area Fair Market Rent in the South Bend-Mishawaka, IN HUD Metro FMR Area is $1,081 per month, ranging from $930 to $1,540 depending on ZIP code. Local housing authorities may set payment standards between 90% and 110% of these rates, so the average 2-bedroom payment standard can reach $1,189.
What is a Small Area Fair Market Rent (SAFMR)?
SAFMRs are fair market rents that HUD publishes at the ZIP code level instead of one rate for a whole metro area. They reflect what modest rental housing actually costs in each ZIP, which means higher payment standards in more expensive neighborhoods. Housing choice voucher payments in this market are based on these rates.
Why do rents vary so much between ZIP codes here?
In South Bend-Mishawaka, IN, 2-bedroom SAFMRs run from $930 to $1,540 per month. HUD sets each ZIP's rate from local rent data, so neighborhoods with stronger rental markets get higher voucher payment standards. For investors, the spread matters: the same house price can produce very different Section 8 rents a few ZIP codes apart.
How do I find Section 8 investment properties in Indiana?
RealG searches live listings across Indiana, runs Section 8 numbers on every property using these HUD rates, and grades each deal A through D against your buying criteria. You can start free with no credit card and see graded deals in this market in minutes.

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Every Indiana listing analyzed against real HUD rates and graded A–D. The AI agent calls the sellers.

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