FY2027 Small Area FMR · Pershing, IN

ZIP 47370 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 47370 (Pershing, IN) is $1,070 a month, up 8.1% from FY2026. That is 6% above the Wayne County, IN area-wide FMR of $1,014.

2-bedroom SAFMR$1,070per month ▲ 8.1%

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

Rank in the area7thof 21 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$963

2 BR Small Area FMR$1,070

110% of SAFMR$1,177

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

Studio$810▲ 8.0%

1 BR$820▲ 9.3%

2 BR$1,070▲ 8.1%

3 BR$1,350▲ 9.8%

4 BR$1,410▲ 7.6%

FY2027 FY2026

Where 47370 sits in the Wayne County, IN area

Of the 21 ZIP codes HUD lists for the area, 47370 has the 7th 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 $1,070 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	$810	$729 – $891	$770	$750
1 bedroom	$820	$738 – $902	$775	$750
2 bedrooms	$1,070	$963 – $1,177	$1,014	$990
3 bedrooms	$1,350	$1,215 – $1,485	$1,281	$1,230
4 bedrooms	$1,410	$1,269 – $1,551	$1,333	$1,310

A household renting a two-bedroom home at the Small Area FMR of $1,070 needs about $42,800 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 47370 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
47327	Cambridge City	2.8 mi	$1,010
47335	Dublin	4.6 mi	$1,010
47346	Hagerstown	5.0 mi	$1,010
47345	Greens Fork	5.1 mi	$1,060
47366	New Lisbon	6.1 mi	$1,450
47339	Economy	6.5 mi	$1,120

Questions

What is the Fair Market Rent for ZIP code 47370?

HUD's FY2027 Small Area Fair Market Rents for 47370 are $810 (studio), $820 (1 BR), $1,070 (2 BR), $1,350 (3 BR) and $1,410 (4 BR) a month.

What is the Section 8 payment standard in 47370?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 47370 that range is $963 to $1,177 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 47370?

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.