FY2027 Small Area FMR · New Point, IN
ZIP 47263 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 47263 (New Point, IN) is $1,560 a month, up 20.0% from FY2026. That is 40% above the Decatur County, IN area-wide FMR of $1,112.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 47263 sits in the Decatur County, IN area
Of the 12 ZIP codes HUD lists for the area, 47263 has the 2nd highest two-bedroom Small Area FMR. Decatur 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 $1,112 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,560 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,170 | $1,053 – $1,287 | $832 | $930 |
| 1 bedroom | $1,190 | $1,071 – $1,309 | $850 | $990 |
| 2 bedrooms | $1,560 | $1,404 – $1,716 | $1,112 | $1,300 |
| 3 bedrooms | $1,860 | $1,674 – $2,046 | $1,325 | $1,560 |
| 4 bedrooms | $2,050 | $1,845 – $2,255 | $1,461 | $1,720 |
A household renting a two-bedroom home at the Small Area FMR of $1,560 needs about $62,400 a year to keep housing costs at 30% of income. The area median family income is $93,300 and the 80% low-income limit for four people is $74,650. ZIP code 47263 lies mainly in Decatur County. See the Decatur County, IN county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 47263?
HUD's FY2027 Small Area Fair Market Rents for 47263 are $1,170 (studio), $1,190 (1 BR), $1,560 (2 BR), $1,860 (3 BR) and $2,050 (4 BR) a month.
What is the Section 8 payment standard in 47263?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 47263 that range is $1,404 to $1,716 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 47263?
The FY2026 income limits of the Decatur County, IN area apply: median family income $93,300, low-income (80%) limit $74,650 for a family of four.