FY2027 Small Area FMR · Muncie, IN

ZIP 47307 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 47307 (Muncie, IN) is $1,150 a month, up 10.6% from FY2026. That is 0% equal to the Muncie, IN area-wide FMR of $1,145.

2-bedroom SAFMR$1,150per month ▲ 10.6%

Area-wide 2 BR FMR$1,145Muncie, IN

Rank in the area10thof 24 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,035

2 BR Small Area FMR$1,150

110% of SAFMR$1,265

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

Studio$900▲ 12.5%

1 BR$920▲ 9.5%

2 BR$1,150▲ 10.6%

3 BR$1,440▲ 6.7%

4 BR$1,900▲ 13.1%

FY2027 FY2026

Where 47307 sits in the Muncie, IN area

Of the 24 ZIP codes HUD lists for the area, 47307 has the 10th highest two-bedroom Small Area FMR. Muncie, 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 $1,145 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,150 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	$899	$800
1 bedroom	$920	$828 – $1,012	$913	$840
2 bedrooms	$1,150	$1,035 – $1,265	$1,145	$1,040
3 bedrooms	$1,440	$1,296 – $1,584	$1,438	$1,350
4 bedrooms	$1,900	$1,710 – $2,090	$1,890	$1,680

A household renting a two-bedroom home at the Small Area FMR of $1,150 needs about $46,000 a year to keep housing costs at 30% of income. The area median family income is $79,600 and the 80% low-income limit for four people is $67,850. ZIP code 47307 lies mainly in Delaware County. See the Muncie, IN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
47306	Muncie	3.4 mi	$1,220
47305	Muncie	3.7 mi	$1,010
47302	Muncie	4.0 mi	$1,110
47396	Yorktown	4.3 mi	$1,130
47304	Muncie	5.2 mi	$1,250
47334	Daleville	5.3 mi	$1,070

Questions

What is the Fair Market Rent for ZIP code 47307?

HUD's FY2027 Small Area Fair Market Rents for 47307 are $900 (studio), $920 (1 BR), $1,150 (2 BR), $1,440 (3 BR) and $1,900 (4 BR) a month.

What is the Section 8 payment standard in 47307?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 47307 that range is $1,035 to $1,265 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 47307?

The FY2026 income limits of the Muncie, IN area apply: median family income $79,600, low-income (80%) limit $67,850 for a family of four.