FY2027 Small Area FMR · Mount Summit, IN

ZIP 47361 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 47361 (Mount Summit, IN) is $1,130 a month, up 4.6% from FY2026. That is 11% above the Henry County, IN area-wide FMR of $1,014.

2-bedroom SAFMR$1,130per month ▲ 4.6%

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

Rank in the area12thof 23 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,017

2 BR Small Area FMR$1,130

110% of SAFMR$1,243

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

Studio$900▲ 3.4%

1 BR$900▲ 2.3%

2 BR$1,130▲ 4.6%

3 BR$1,350▲ 4.7%

4 BR$1,490▲ 4.2%

FY2027 FY2026

Where 47361 sits in the Henry County, IN area

Of the 23 ZIP codes HUD lists for the area, 47361 has the 12th 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 $1,130 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	$805	$870
1 bedroom	$900	$810 – $990	$810	$880
2 bedrooms	$1,130	$1,017 – $1,243	$1,014	$1,080
3 bedrooms	$1,350	$1,215 – $1,485	$1,208	$1,290
4 bedrooms	$1,490	$1,341 – $1,639	$1,333	$1,430

A household renting a two-bedroom home at the Small Area FMR of $1,130 needs about $45,200 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 47361 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
47388	Sulphur Springs	3.1 mi	$1,190
47386	Springport	3.5 mi	$1,070
47362	New Castle	5.2 mi	$1,010
47367	Oakville	5.4 mi	$1,110
47360	Mooreland	6.7 mi	$1,210
47356	Middletown	6.7 mi	$1,090

Questions

What is the Fair Market Rent for ZIP code 47361?

HUD's FY2027 Small Area Fair Market Rents for 47361 are $900 (studio), $900 (1 BR), $1,130 (2 BR), $1,350 (3 BR) and $1,490 (4 BR) a month.

What is the Section 8 payment standard in 47361?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 47361 that range is $1,017 to $1,243 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 47361?

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.