FY2027 Small Area FMR · Hartford City, IN
ZIP 47348 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 47348 (Hartford City, IN) is $1,010 a month, up 5.2% from FY2026. That is 8% below the Wells County, IN area-wide FMR of $1,102.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 47348 sits in the Wells County, IN area
Of the 21 ZIP codes HUD lists for the area, 47348 has the 16th highest two-bedroom Small Area FMR. Wells 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 $1,102 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,010 for this ZIP code instead.
ZIP code 47348 crosses more than one HUD area. HUD also lists it under Blackford County, IN (same figures) and Grant County, IN (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $760 | $684 – $836 | $837 | $690 |
| 1 bedroom | $780 | $702 – $858 | $842 | $770 |
| 2 bedrooms | $1,010 | $909 – $1,111 | $1,102 | $960 |
| 3 bedrooms | $1,380 | $1,242 – $1,518 | $1,342 | $1,270 |
| 4 bedrooms | $1,600 | $1,440 – $1,760 | $1,535 | $1,550 |
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 $93,000 and the 80% low-income limit for four people is $74,400. ZIP code 47348 lies mainly in Blackford County and Grant County. See the Wells County, IN county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 47348?
HUD's FY2027 Small Area Fair Market Rents for 47348 are $760 (studio), $780 (1 BR), $1,010 (2 BR), $1,380 (3 BR) and $1,600 (4 BR) a month.
What is the Section 8 payment standard in 47348?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 47348 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 47348?
The FY2026 income limits of the Wells County, IN area apply: median family income $93,000, low-income (80%) limit $74,400 for a family of four.