Section 8 Payment Standards — Gary, Indiana (FY 2026)
HUD Small Area Fair Market Rent (SAFMR) data for Gary ZIP codes, plus how Section 8 rent compares to typical market asking rents.
Lake County (Gary) offers some of the steepest spreads between HUD payment standards and private-market rent in Indiana.
County est. 2BR SAFMR
$1,317
County median home value
$254,097
Est. Section 8 yield
6.2%
On a typical Gary county home, HUD's 2BR limit ($1,317/mo) vs an estimated market asking rent (~$2,033/mo) suggests a +-$716/mo Section 8 premium before utilities, payment standard adjustments, and rent reasonableness.
Sample Gary ZIP codes — FY 2026 SAFMR
Payment standards vary by ZIP and bedroom count. Always confirm current limits with the local housing authority before underwriting a deal.
| ZIP | 0BR | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| 46402 | $820 | $920 | $1,120 | $1,370 | $1,480 |
| 46404 | $870 | $990 | $1,200 | $1,470 | $1,590 |
| 46407 | $780 | $880 | $1,070 | $1,310 | $1,420 |
Why Section 8 rent matters in Gary
Most investors underwrite Gary rentals using Zillow or market asking rent. Section 8 uses HUD SAFMR payment standards — and in many Indiana markets the gap between HUD rent and market rent is what makes a property cash-flow.
Local PHAs may set payment standards between 90% and 110% of SAFMR, subtract utility allowances, and run rent reasonableness tests. Use full SAFMR as a ceiling, not a guarantee on every door.
Search live Gary listings scored on Section 8 rent
Rich from Section 8 merges live for-sale inventory in Gary, IN with official HUD SAFMR data, rent gap scoring, and instant cash-flow underwriting — not Zillow rent guesses.
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