Lake County, IN

2022 Fair Market Rents

Tags: 2022 SAFMRS Gary, IN HUD Metro FMR Area

Return to the state page to see where Indiana ranks nationally and to view information on other counties. Click on the map to view a different county.

The top 4 largest cities in Lake County are Crown Point, Valparaiso, Merrillville, and Hobart. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Lake County use?

Lake County is determined by the HUD to use Small Area Fair Market Rents. 40th percentile FMRs still exist for this county but they are not used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Lake County compare?

Lake County ($959) has a 17.8% higher FMR for 2-Bedroom housing than the average of Indiana ($814) and therefore a higher gross rent.

Lake County is rank 20th out of 92 counties. This means the FMRs, or in other words, the gross rent is higher than 72 other counties. Lake County is the 20th most expensive county in terms of FMRs.

Rent Tables Lake County, IN

Fair Market Rent (40th Percentile)

$637
studio
$779
1-Bedroom
$959
2-Bedroom
$1,185
3-Bedroom
$1,338
4-Bedroom

Median Rent (50th Percentile)

$676
studio
$827
1-Bedroom
$1,018
2-Bedroom
$1,258
3-Bedroom
$1,420
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
46303 $620 $760 $940 $1,160 $1,310
46307 $720 $890 $1,090 $1,350 $1,520
46308 $640 $780 $960 $1,190 $1,340
46311 $840 $1,020 $1,260 $1,560 $1,760
46312 $500 $620 $760 $940 $1,060
46319 $630 $770 $950 $1,170 $1,330
46320 $560 $680 $840 $1,040 $1,170
46321 $790 $970 $1,190 $1,470 $1,660
46322 $760 $930 $1,150 $1,420 $1,600
46323 $660 $800 $990 $1,220 $1,380
46324 $670 $820 $1,010 $1,250 $1,410
46327 $600 $730 $900 $1,110 $1,260
46342 $640 $790 $970 $1,200 $1,350
46355 $640 $780 $960 $1,190 $1,340
46356 $750 $920 $1,130 $1,400 $1,580
46373 $630 $770 $950 $1,170 $1,330
46375 $690 $840 $1,040 $1,290 $1,450
46376 $730 $890 $1,100 $1,380 $1,550
46377 $740 $900 $1,110 $1,370 $1,540
46383 $680 $840 $1,030 $1,270 $1,440
46394 $600 $730 $900 $1,110 $1,260
46401 $640 $780 $960 $1,190 $1,340
46402 $510 $630 $770 $950 $1,070
46403 $570 $700 $860 $1,060 $1,200
46404 $580 $710 $880 $1,090 $1,230
46405 $660 $800 $990 $1,220 $1,380
46406 $580 $710 $870 $1,080 $1,210
46407 $570 $700 $860 $1,060 $1,200
46408 $590 $720 $890 $1,100 $1,240
46409 $660 $810 $1,000 $1,240 $1,400
46410 $780 $950 $1,170 $1,450 $1,630
46411 $640 $780 $960 $1,190 $1,340
46383 $680 $840 $1,030 $1,270 $1,440
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
46303 $558 $684 $846 $1,044 $1,179
46307 $648 $801 $981 $1,215 $1,368
46308 $576 $702 $864 $1,071 $1,206
46311 $756 $918 $1,134 $1,404 $1,584
46312 $450 $558 $684 $846 $954
46319 $567 $693 $855 $1,053 $1,197
46320 $504 $612 $756 $936 $1,053
46321 $711 $873 $1,071 $1,323 $1,494
46322 $684 $837 $1,035 $1,278 $1,440
46323 $594 $720 $891 $1,098 $1,242
46324 $603 $738 $909 $1,125 $1,269
46327 $540 $657 $810 $999 $1,134
46342 $576 $711 $873 $1,080 $1,215
46355 $576 $702 $864 $1,071 $1,206
46356 $675 $828 $1,017 $1,260 $1,422
46373 $567 $693 $855 $1,053 $1,197
46375 $621 $756 $936 $1,161 $1,305
46376 $657 $801 $990 $1,242 $1,395
46377 $666 $810 $999 $1,233 $1,386
46383 $612 $756 $927 $1,143 $1,296
46394 $540 $657 $810 $999 $1,134
46401 $576 $702 $864 $1,071 $1,206
46402 $459 $567 $693 $855 $963
46403 $513 $630 $774 $954 $1,080
46404 $522 $639 $792 $981 $1,107
46405 $594 $720 $891 $1,098 $1,242
46406 $522 $639 $783 $972 $1,089
46407 $513 $630 $774 $954 $1,080
46408 $531 $648 $801 $990 $1,116
46409 $594 $729 $900 $1,116 $1,260
46410 $702 $855 $1,053 $1,305 $1,467
46411 $576 $702 $864 $1,071 $1,206
46383 $612 $756 $927 $1,143 $1,296
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
46303 $682 $836 $1,034 $1,276 $1,441
46307 $792 $979 $1,199 $1,485 $1,672
46308 $704 $858 $1,056 $1,309 $1,474
46311 $924 $1,122 $1,386 $1,716 $1,936
46312 $550 $682 $836 $1,034 $1,166
46319 $693 $847 $1,045 $1,287 $1,463
46320 $616 $748 $924 $1,144 $1,287
46321 $869 $1,067 $1,309 $1,617 $1,826
46322 $836 $1,023 $1,265 $1,562 $1,760
46323 $726 $880 $1,089 $1,342 $1,518
46324 $737 $902 $1,111 $1,375 $1,551
46327 $660 $803 $990 $1,221 $1,386
46342 $704 $869 $1,067 $1,320 $1,485
46355 $704 $858 $1,056 $1,309 $1,474
46356 $825 $1,012 $1,243 $1,540 $1,738
46373 $693 $847 $1,045 $1,287 $1,463
46375 $759 $924 $1,144 $1,419 $1,595
46376 $803 $979 $1,210 $1,518 $1,705
46377 $814 $990 $1,221 $1,507 $1,694
46383 $748 $924 $1,133 $1,397 $1,584
46394 $660 $803 $990 $1,221 $1,386
46401 $704 $858 $1,056 $1,309 $1,474
46402 $561 $693 $847 $1,045 $1,177
46403 $627 $770 $946 $1,166 $1,320
46404 $638 $781 $968 $1,199 $1,353
46405 $726 $880 $1,089 $1,342 $1,518
46406 $638 $781 $957 $1,188 $1,331
46407 $627 $770 $946 $1,166 $1,320
46408 $649 $792 $979 $1,210 $1,364
46409 $726 $891 $1,100 $1,364 $1,540
46410 $858 $1,045 $1,287 $1,595 $1,793
46411 $704 $858 $1,056 $1,309 $1,474
46383 $748 $924 $1,133 $1,397 $1,584

Fair Market Rents on this page apply to the following cities in Lake County, Indiana: Crown Point, Valparaiso, Merrillville, Hobart, Highland, Schererville, Munster, East Chicago, Dyer, Hammond, Griffith, Lowell, Saint John, Gary, Cedar Lake, Whiting, Lake Station, Shelby, Schneider, and Leroy.

These Fair Market Rents also apply to the following ZIP codes in Lake County, Indiana: 46307, 46383, 46410, 46342, 46322, 46375, 46321, 46312, 46311, 46323, 46324, 46319, 46356, 46373, 46408, 46404, 46303, 46394, 46320, and 46405.

Lake County, IN is considered part of the following metro FMR area: GARY, IN HUD METRO FMR AREA.

Other counties in the same metro FMR area are: Porter County, IN, and Newton County, IN.

More on Lake County, IN

Want to learn more about Lake County, IN? See Loan Limits in Lake County, IN to view maximum loan amounts or click here to find a Public Housing Authority near Lake County, IN who can help with finding affordable housing near you.

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Data Source

HUD Seal

Fair Market Rents are published by the Department of Housing And Urban Development.