FY2027 Small Area FMR · Vernon, IN

ZIP 47282 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 47282 (Vernon, IN) is $1,010 a month, up 5.2% from FY2026. That is 3% below the Jennings County, IN area-wide FMR of $1,040.

2-bedroom SAFMR$1,010per month ▲ 5.2%

Area-wide 2 BR FMR$1,040Jennings County, IN

Rank in the area12thof 14 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$909

2 BR Small Area FMR$1,010

110% of SAFMR$1,111

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

Studio$760▲ 10.1%

1 BR$780▲ 6.8%

2 BR$1,010▲ 5.2%

3 BR$1,360▲ 2.3%

4 BR$1,420▼ 9.0%

FY2027 FY2026

Where 47282 sits in the Jennings County, IN area

Of the 14 ZIP codes HUD lists for the area, 47282 has the 12th highest two-bedroom Small Area FMR. Jennings 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 $1,040 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,010 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	$760	$684 – $836	$778	$690
1 bedroom	$780	$702 – $858	$795	$730
2 bedrooms	$1,010	$909 – $1,111	$1,040	$960
3 bedrooms	$1,360	$1,224 – $1,496	$1,385	$1,330
4 bedrooms	$1,420	$1,278 – $1,562	$1,411	$1,560

A household renting a two-bedroom home at the Small Area FMR of $1,010 needs about $40,400 a year to keep housing costs at 30% of income. The area median family income is $82,200 and the 80% low-income limit for four people is $67,850. ZIP code 47282 lies mainly in Jennings County. See the Jennings County, IN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
47265	North Vernon	2.5 mi	$1,030
47227	Commiskey	8.3 mi	$1,010
47231	Dupont	8.4 mi	$1,040
47223	Butlerville	8.8 mi	$1,050
47273	Scipio	9.3 mi	$1,300
47270	Paris Crossing	11.6 mi	$1,040

Questions

What is the Fair Market Rent for ZIP code 47282?

HUD's FY2027 Small Area Fair Market Rents for 47282 are $760 (studio), $780 (1 BR), $1,010 (2 BR), $1,360 (3 BR) and $1,420 (4 BR) a month.

What is the Section 8 payment standard in 47282?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 47282 that range is $909 to $1,111 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 47282?

The FY2026 income limits of the Jennings County, IN area apply: median family income $82,200, low-income (80%) limit $67,850 for a family of four.