Logo Elkhart-Goshen Fair Market Rent FY 2015 Elkhart-Goshen, IN MSA Rental Data

Fair Market Rent Prices in Elkhart-Goshen, IN :
$472 $585 $763 $988 $1,162
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Elkhart-Goshen are high compared to the national average. This FMR area is more expensive than 77% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Elkhart-Goshen is $763 per month.

The previous year, rent for a two-bedroom home was $742 per month. This is a 2.83% increase year-over-year.

This FMR rate applies to Millersburg, IN, New Paris, IN, Wakarusa, IN, Milford, IN, Ligonier, IN, Bristol, IN, Syracuse, IN, Middlebury, IN, Nappanee, IN, Osceola, IN and other cities within the region. The Metro Code or CBSA code for this region is METRO21140M21140.

Additionally, This Fair Market Rent (FMR) area Elkhart-Goshen, IN MSA spans one county or city in Indiana which is listed in the table below. Estimated population of Elkhart-Goshen, IN MSA FMR area is 197,559 people based on latest Census data.

Compared to the rest of Indiana, the Elkhart-Goshen FMR area is more expensive than 89% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Elkhart-Goshen. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Elkhart-Goshen

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 492
1-BR 1-Bedroom $ 610
2-BR 2-Bedroom $ 795
3-BR 3-Bedroom $ 1030
4-BR 4-Bedroom $ 1211
Change Year:

There is just one county (listed below) within the Elkhart-Goshen, IN MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers two metro areas: South Bend - Elkhart and Ft. Wayne.

County / Region Est. Population
Elkhart-Goshen, IN Metro 197,559
Zip Codes in Elkhart-Goshen, IN MSA

There are 18 unique zip codes in this Fair Market Rent (FMR) area:

46507, 46514, 46515, 46516, 46517, 46526, 46527, 46528, 46530, 46540, 46542, 46543, 46550, 46553, 46561, 46567, 46573 and 46767

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