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RentData.org Logo Michigan City-La Porte Fair Market Rent FY 2018 Michigan City-La Porte, IN MSA Rental Data

Fair Market Rent Prices in Michigan City-La Porte, IN :
$484 $572 $758 $951 $1,032
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Metro Area

Fair Market Rent prices in Michigan City-La Porte are low compared to the national average. This FMR area is less expensive than 52% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Michigan City-La Porte is $758 per month.

The previous year, rent for a two-bedroom home was $729 per month. This is a 3.98% increase year-over-year.

This FMR rate applies to Kingsbury, IN, La Crosse, IN, Mill Creek, IN, Kingsford Heights, IN, Hanna, IN, Hamlet, IN, Union Mills, IN, Wanatah, IN, Rolling Prairie, IN, North Liberty, IN and other cities within the region. The Metro Code or CBSA code for this region is METRO33140M33140.

Additionally, This Fair Market Rent (FMR) area Michigan City-La Porte, IN MSA spans one county or city in Indiana which is listed in the table below. Estimated population of Michigan City-La Porte, IN MSA FMR area is 111,467 people based on 2010 Census data.

Compared to the rest of Indiana, the Michigan City-La Porte FMR area is less expensive than 59% 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 Michigan City-La Porte. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Michigan City-La Porte

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 $ 513
1-BR 1-Bedroom $ 608
2-BR 2-Bedroom $ 805
3-BR 3-Bedroom $ 1010
4-BR 4-Bedroom $ 1096
Change Year:

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

County / Region Est. Population
LaPorte County, IN Metro 111,467
Zip Codes in Michigan City-La Porte, IN MSA

There are 15 unique zip codes in this Fair Market Rent (FMR) area:

46340, 46345, 46346, 46348, 46350, 46360, 46365, 46371, 46382, 46390, 46391, 46532, 46552, 46554 and 46574

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