FY2027 Small Area FMR · New Trenton, IN

ZIP 47035 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 47035 (New Trenton, IN) is $1,230 a month, unchanged from FY2026. That is 7% above the Franklin County, IN area-wide FMR of $1,148.

2-bedroom SAFMR$1,230per month ■ 0.0%

Area-wide 2 BR FMR$1,148Franklin County, IN

Rank in the area3rdof 15 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,107

2 BR Small Area FMR$1,230

110% of SAFMR$1,353

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

Studio$900▲ 3.4%

1 BR$980▲ 3.2%

2 BR$1,230■ 0.0%

3 BR$1,620■ 0.0%

4 BR$1,760▲ 1.7%

FY2027 FY2026

Where 47035 sits in the Franklin County, IN area

Of the 15 ZIP codes HUD lists for the area, 47035 has the 3rd highest two-bedroom Small Area FMR. Franklin 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 $1,148 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,230 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	$900	$810 – $990	$841	$870
1 bedroom	$980	$882 – $1,078	$950	$950
2 bedrooms	$1,230	$1,107 – $1,353	$1,148	$1,230
3 bedrooms	$1,620	$1,458 – $1,782	$1,503	$1,620
4 bedrooms	$1,760	$1,584 – $1,936	$1,509	$1,730

A household renting a two-bedroom home at the Small Area FMR of $1,230 needs about $49,200 a year to keep housing costs at 30% of income. The area median family income is $97,400 and the 80% low-income limit for four people is $77,900. ZIP code 47035 lies mainly in Franklin County. See the Franklin County, IN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
47060	West Harrison	1.2 mi	$1,270
47016	Cedar Grove	4.4 mi	$1,010
45053	Okeana	7.0 mi	$1,330
47022	Guilford	7.6 mi	$1,180
45030	Harrison	8.5 mi	$1,470
47012	Brookville	9.2 mi	$1,070

Questions

What is the Fair Market Rent for ZIP code 47035?

HUD's FY2027 Small Area Fair Market Rents for 47035 are $900 (studio), $980 (1 BR), $1,230 (2 BR), $1,620 (3 BR) and $1,760 (4 BR) a month.

What is the Section 8 payment standard in 47035?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 47035 that range is $1,107 to $1,353 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 47035?

The FY2026 income limits of the Franklin County, IN area apply: median family income $97,400, low-income (80%) limit $77,900 for a family of four.