FY2027 Small Area FMR · Cambridge City, IN

ZIP 47327 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 47327 (Cambridge City, IN) is $1,010 a month, up 5.2% from FY2026. That is 0% equal to the Fayette County, IN area-wide FMR of $1,014.

2-bedroom SAFMR$1,010per month ▲ 5.2%

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

Rank in the area6thof 10 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$770▲ 5.5%

1 BR$780▲ 6.8%

2 BR$1,010▲ 5.2%

3 BR$1,290▲ 8.4%

4 BR$1,340▲ 5.5%

FY2027 FY2026

Where 47327 sits in the Fayette County, IN area

Of the 10 ZIP codes HUD lists for the area, 47327 has the 6th highest two-bedroom Small Area FMR. Fayette 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 $1,010 for this ZIP code instead.

ZIP code 47327 crosses more than one HUD area. HUD also lists it under Henry County, IN (same figures) and Wayne County, IN (same figures). The figure that applies depends on which side of the line the home is.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$770	$693 – $847	$706	$730
1 bedroom	$780	$702 – $858	$843	$730
2 bedrooms	$1,010	$909 – $1,111	$1,014	$960
3 bedrooms	$1,290	$1,161 – $1,419	$1,261	$1,190
4 bedrooms	$1,340	$1,206 – $1,474	$1,350	$1,270

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 $74,100 and the 80% low-income limit for four people is $67,850. ZIP code 47327 lies mainly in Wayne County and Henry County. See the Fayette County, IN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
47335	Dublin	1.9 mi	$1,010
47370	Pershing	2.8 mi	$1,070
47366	New Lisbon	5.3 mi	$1,450
47357	Milton	5.5 mi	$1,010
47387	Straughn	6.6 mi	$1,520
47346	Hagerstown	7.2 mi	$1,010

Questions

What is the Fair Market Rent for ZIP code 47327?

HUD's FY2027 Small Area Fair Market Rents for 47327 are $770 (studio), $780 (1 BR), $1,010 (2 BR), $1,290 (3 BR) and $1,340 (4 BR) a month.

What is the Section 8 payment standard in 47327?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 47327 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 47327?

The FY2026 income limits of the Fayette County, IN area apply: median family income $74,100, low-income (80%) limit $67,850 for a family of four.