FY2027 Small Area FMR · Friendship, IN

ZIP 47021 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 47021 (Friendship, IN) is $1,050 a month, up 6.1% from FY2026. That is 0% equal to the Ripley County, IN area-wide FMR of $1,053.

2-bedroom SAFMR$1,050per month ▲ 6.1%

Area-wide 2 BR FMR$1,053Ripley County, IN

Rank in the area10thof 16 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$945

2 BR Small Area FMR$1,050

110% of SAFMR$1,155

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$790▲ 16.2%

1 BR$800▲ 6.7%

2 BR$1,050▲ 6.1%

3 BR$1,360▲ 3.8%

4 BR$1,380▲ 5.3%

FY2027 FY2026

Where 47021 sits in the Ripley County, IN area

Of the 16 ZIP codes HUD lists for the area, 47021 has the 10th highest two-bedroom Small Area FMR. Ripley County, IN is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,053 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,050 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$790	$711 – $869	$788	$680
1 bedroom	$800	$720 – $880	$805	$750
2 bedrooms	$1,050	$945 – $1,155	$1,053	$990
3 bedrooms	$1,360	$1,224 – $1,496	$1,363	$1,310
4 bedrooms	$1,380	$1,242 – $1,518	$1,384	$1,310

A household renting a two-bedroom home at the Small Area FMR of $1,050 needs about $42,000 a year to keep housing costs at 30% of income. The area median family income is $91,200 and the 80% low-income limit for four people is $73,350. ZIP code 47021 lies mainly in Ripley County. See the Ripley County, IN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
47017	Cross Plains	3.1 mi	$1,070
47018	Dillsboro	3.9 mi	$1,220
47042	Versailles	6.6 mi	$1,010
47224	Canaan	6.7 mi	$1,030
47011	Bennington	7.3 mi	$1,070
47032	Moores Hill	9.9 mi	$1,400

Questions

What is the Fair Market Rent for ZIP code 47021?

HUD's FY2027 Small Area Fair Market Rents for 47021 are $790 (studio), $800 (1 BR), $1,050 (2 BR), $1,360 (3 BR) and $1,380 (4 BR) a month.

What is the Section 8 payment standard in 47021?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 47021 that range is $945 to $1,155 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 47021?

The FY2026 income limits of the Ripley County, IN area apply: median family income $91,200, low-income (80%) limit $73,350 for a family of four.