FY2027 Small Area FMR · Columbus, IN

ZIP 47203 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 47203 (Columbus, IN) is $1,290 a month, up 5.7% from FY2026. That is 14% below the Columbus, IN area-wide FMR of $1,493.

2-bedroom SAFMR$1,290per month ▲ 5.7%

Area-wide 2 BR FMR$1,493Columbus, IN

Rank in the area8thof 17 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,161

2 BR Small Area FMR$1,290

110% of SAFMR$1,419

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

Studio$1,110▲ 4.7%

1 BR$1,140▲ 5.6%

2 BR$1,290▲ 5.7%

3 BR$1,540▲ 5.5%

4 BR$1,840▲ 7.0%

FY2027 FY2026

Where 47203 sits in the Columbus, IN area

Of the 17 ZIP codes HUD lists for the area, 47203 has the 8th highest two-bedroom Small Area FMR. Columbus, 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 $1,493 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,290 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	$1,110	$999 – $1,221	$1,261	$1,060
1 bedroom	$1,140	$1,026 – $1,254	$1,276	$1,080
2 bedrooms	$1,290	$1,161 – $1,419	$1,493	$1,220
3 bedrooms	$1,540	$1,386 – $1,694	$1,779	$1,460
4 bedrooms	$1,840	$1,656 – $2,024	$2,126	$1,720

A household renting a two-bedroom home at the Small Area FMR of $1,290 needs about $51,600 a year to keep housing costs at 30% of income. The area median family income is $94,200 and the 80% low-income limit for four people is $77,700. ZIP code 47203 lies mainly in Bartholomew County. See the Columbus, IN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
47226	Clifford	4.1 mi	$1,280
47246	Hope	5.9 mi	$1,400
47244	Hartsville	7.0 mi	$1,510
47280	Taylorsville	7.8 mi	$1,580
47236	Grammer	7.8 mi	$1,280
47232	Elizabethtown	8.5 mi	$1,280

Questions

What is the Fair Market Rent for ZIP code 47203?

HUD's FY2027 Small Area Fair Market Rents for 47203 are $1,110 (studio), $1,140 (1 BR), $1,290 (2 BR), $1,540 (3 BR) and $1,840 (4 BR) a month.

What is the Section 8 payment standard in 47203?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 47203 that range is $1,161 to $1,419 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 47203?

The FY2026 income limits of the Columbus, IN area apply: median family income $94,200, low-income (80%) limit $77,700 for a family of four.