FY2027 Small Area FMR · Boston, IN

ZIP 47324 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 47324 (Boston, IN) is $1,090 a month, up 5.8% from FY2026. That is 7% above the Wayne County, IN area-wide FMR of $1,014.

2-bedroom SAFMR$1,090per month ▲ 5.8%

Area-wide 2 BR FMR$1,014Wayne County, IN

Rank in the area6thof 21 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$981

2 BR Small Area FMR$1,090

110% of SAFMR$1,199

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

Studio$830▲ 6.4%

1 BR$830▲ 6.4%

2 BR$1,090▲ 5.8%

3 BR$1,380▲ 7.8%

4 BR$1,430▲ 5.1%

FY2027 FY2026

Where 47324 sits in the Wayne County, IN area

Of the 21 ZIP codes HUD lists for the area, 47324 has the 6th highest two-bedroom Small Area FMR. Wayne 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 $1,014 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,090 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	$830	$747 – $913	$770	$780
1 bedroom	$830	$747 – $913	$775	$780
2 bedrooms	$1,090	$981 – $1,199	$1,014	$1,030
3 bedrooms	$1,380	$1,242 – $1,518	$1,281	$1,280
4 bedrooms	$1,430	$1,287 – $1,573	$1,333	$1,360

A household renting a two-bedroom home at the Small Area FMR of $1,090 needs about $43,600 a year to keep housing costs at 30% of income. The area median family income is $70,300 and the 80% low-income limit for four people is $67,850. ZIP code 47324 lies mainly in Wayne County. See the Wayne County, IN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
47374	Richmond	6.5 mi	$1,030
47353	Liberty	9.0 mi	$1,020
45320	Eaton	9.1 mi	$1,000
47330	Centerville	9.6 mi	$1,060
47325	Brownsville	9.6 mi	$1,030
45347	New Paris	11.2 mi	$1,000

Questions

What is the Fair Market Rent for ZIP code 47324?

HUD's FY2027 Small Area Fair Market Rents for 47324 are $830 (studio), $830 (1 BR), $1,090 (2 BR), $1,380 (3 BR) and $1,430 (4 BR) a month.

What is the Section 8 payment standard in 47324?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 47324 that range is $981 to $1,199 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 47324?

The FY2026 income limits of the Wayne County, IN area apply: median family income $70,300, low-income (80%) limit $67,850 for a family of four.