What is the Fair Market Rent in North Township (Lake County), IN?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home runs from $1,140 to $1,880 a month across the 8 ZIP codes that cover North Township (Lake County).

By ZIP code: 46312 $1,140, 46320 $1,300, 46321 $1,880, 46322 $1,550, 46323 $1,540, 46324 $1,450, 46327 $1,410, 46394 $1,230.

Across the whole Gary, IN HUD Metro FMR Area the two-bedroom figure is $1,429.

The Census Bureau’s median gross rent for a two-bedroom home in North Township (Lake County) is $1,107 (±$33), within its margin of the Small Area figure for ZIP 46312.

Figures last updated on November 12, 2026.

2 bedrooms, whole area: $1,429
2 bedrooms, ZIP 46312: $1,140
2 bedrooms, ZIP 46320: $1,300
2 bedrooms, ZIP 46321: $1,880

Fair Market Rents for North Township (Lake County), fiscal year 2027

HUD Fair Market Rent, dollars a month (gross rent, including utilities), beside the Census Bureau’s median gross rent for each ZIP code
	Studio	1 bedroom	2 bedrooms	3 bedrooms	4 bedrooms	Census median rent
Gary, IN HUD Metro FMR Area (whole area)	$1,117	$1,176	$1,429	$1,739	$1,898	—
ZIP 46312	$890	$940	$1,140	$1,390	$1,510	$854
ZIP 46320	$1,020	$1,070	$1,300	$1,580	$1,730	$994
ZIP 46321	$1,470	$1,550	$1,880	$2,290	$2,500	$1,507
ZIP 46322	$1,210	$1,280	$1,550	$1,890	$2,060	$1,230
ZIP 46323	$1,200	$1,270	$1,540	$1,870	$2,050	$1,274
ZIP 46324	$1,130	$1,190	$1,450	$1,760	$1,930	$1,172
ZIP 46327	$1,100	$1,160	$1,410	$1,720	$1,870	$1,093
ZIP 46394	$960	$1,010	$1,230	$1,500	$1,630	$986

A Fair Market Rent is HUD’s estimate of the gross rent (shelter plus utilities) of a modest rental home in the area.

Whether a housing authority uses the ZIP code (Small Area) figures or the area-wide one depends on whether HUD has designated the area for Small Area FMRs or the authority has opted in; ask the local housing authority which applies.

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Questions about North Township (Lake County)

What is the Section 8 payment standard in North Township (Lake County)?

Housing authorities set payment standards between 90% and 110% of HUD’s Fair Market Rent; for fiscal year 2027, the two-bedroom Fair Market Rent for the Gary, IN HUD Metro FMR Area is $1,429, and the Small Area figure for 46312 is $1,140.

What is the Fair Market Rent for a two-bedroom in ZIP 46312?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 46312 is $1,140 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $854 (±$51).

What is the Fair Market Rent for a two-bedroom in ZIP 46320?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 46320 is $1,300 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $994 (±$87).

What is the Fair Market Rent for a two-bedroom in ZIP 46321?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 46321 is $1,880 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,507 (±$365).

What is the Fair Market Rent for a one-bedroom in North Township (Lake County)?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 46312 is $940 a month, against $1,176 across the Gary, IN HUD Metro FMR Area.

Sources

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.