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FY2017 Hypothetical Small Area FMRs For Porter County, IN

In metropolitan areas, HUD defines Small Areas using ZIP Codes within the metropolitan area. Using ZIP codes as the basis for FMRs provides tenants with greater ability to move into ?Opportunity Neighborhoods? with jobs, public transportation, and good schools. They also provide for multiple payment standards within a metropolitan area, and they are likely to reduce need for extensive market area rent reasonableness studies. Lastly, HUD hopes that setting FMRs for each ZIP code will reduce overpayment in lower-rent areas.

Porter County is part of the Chicago-Naperville-Elgin, IL-IN-WI MSA.

Porter County, IN Hypothetical Small Area FMRs By Unit Bedrooms
ZIP Code Efficiency One-Bedroom Two-Bedroom Three-Bedroom Four-Bedroom ZIP/CBSA Ratio
46301 $1,000 $1,140 $1,330 $1,700 $2,010 1.218
46302 $710 $820 $950 $1,210 $1,440 0.873
46304 $740 $850 $990 $1,260 $1,500 0.907
46307 $740 $850 $990 $1,260 $1,500 0.912
46341 $640 $740 $860 $1,100 $1,300 0.793
46342 $690 $790 $920 $1,170 $1,390 0.842
46347 $630 $720 $840 $1,070 $1,270 0.773
46348 $710 $820 $950 $1,210 $1,440 0.873
46360 $470 $550 $730 $920 $1,010 0.990
46368 $680 $780 $910 $1,160 $1,380 0.834
46383 $700 $800 $930 $1,190 $1,410 0.855
46384 $710 $820 $950 $1,210 $1,440 0.873
46385 $820 $940 $1,090 $1,390 $1,650 1.006
46390 $710 $820 $950 $1,210 $1,440 0.873
46391 $610 $720 $930 $1,180 $1,310 1.162
46393 $710 $820 $950 $1,210 $1,440 0.873

* Small Area FMRs presented with an asterisk are calculated in accordance with the Guidance For Preparing Comments on Small Area FMRs available at here.

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