FY2027 Small Area FMR · Greensboro, IN

ZIP 47344 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 47344 (Greensboro, IN) is $1,040 a month, up 8.3% from FY2026. That is 3% above the Henry County, IN area-wide FMR of $1,014.

2-bedroom SAFMR$1,040per month ▲ 8.3%

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

Rank in the area18thof 23 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$936

2 BR Small Area FMR$1,040

110% of SAFMR$1,144

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

Studio$830▲ 7.8%

1 BR$830▲ 6.4%

2 BR$1,040▲ 8.3%

3 BR$1,240▲ 7.8%

4 BR$1,360▲ 7.1%

FY2027 FY2026

Where 47344 sits in the Henry County, IN area

Of the 23 ZIP codes HUD lists for the area, 47344 has the 18th highest two-bedroom Small Area FMR. Henry 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 $1,040 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	$805	$770
1 bedroom	$830	$747 – $913	$810	$780
2 bedrooms	$1,040	$936 – $1,144	$1,014	$960
3 bedrooms	$1,240	$1,116 – $1,364	$1,208	$1,150
4 bedrooms	$1,360	$1,224 – $1,496	$1,333	$1,270

A household renting a two-bedroom home at the Small Area FMR of $1,040 needs about $41,600 a year to keep housing costs at 30% of income. The area median family income is $81,300 and the 80% low-income limit for four people is $67,850. ZIP code 47344 lies mainly in Henry County. See the Henry County, IN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
47385	Spiceland	3.3 mi	$1,010
47351	Kennard	3.6 mi	$1,290
47384	Shirley	5.0 mi	$1,140
46148	Knightstown	5.3 mi	$1,110
47337	Dunreith	5.4 mi	$1,440
47362	New Castle	6.2 mi	$1,010

Questions

What is the Fair Market Rent for ZIP code 47344?

HUD's FY2027 Small Area Fair Market Rents for 47344 are $830 (studio), $830 (1 BR), $1,040 (2 BR), $1,240 (3 BR) and $1,360 (4 BR) a month.

What is the Section 8 payment standard in 47344?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 47344 that range is $936 to $1,144 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 47344?

The FY2026 income limits of the Henry County, IN area apply: median family income $81,300, low-income (80%) limit $67,850 for a family of four.