FY2027 Small Area FMR · Winchester, IN

ZIP 47394 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 47394 (Winchester, IN) is $1,050 a month, up 6.1% from FY2026. That is 4% above the Randolph County, IN area-wide FMR of $1,014.

2-bedroom SAFMR$1,050per month ▲ 6.1%

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

Rank in the area8thof 14 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$945

2 BR Small Area FMR$1,050

110% of SAFMR$1,155

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

Studio$730▲ 4.3%

1 BR$960▲ 10.3%

2 BR$1,050▲ 6.1%

3 BR$1,370▲ 4.6%

4 BR$1,380▲ 5.3%

FY2027 FY2026

Where 47394 sits in the Randolph County, IN area

Of the 14 ZIP codes HUD lists for the area, 47394 has the 8th highest two-bedroom Small Area FMR. Randolph 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 $1,050 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	$730	$657 – $803	$706	$700
1 bedroom	$960	$864 – $1,056	$931	$870
2 bedrooms	$1,050	$945 – $1,155	$1,014	$990
3 bedrooms	$1,370	$1,233 – $1,507	$1,328	$1,310
4 bedrooms	$1,380	$1,242 – $1,518	$1,333	$1,310

A household renting a two-bedroom home at the Small Area FMR of $1,050 needs about $42,000 a year to keep housing costs at 30% of income. The area median family income is $78,100 and the 80% low-income limit for four people is $67,850. ZIP code 47394 lies mainly in Randolph County. See the Randolph County, IN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
47382	Saratoga	6.0 mi	$1,010
47340	Farmland	7.8 mi	$1,080
47390	Union City	7.9 mi	$1,010
47380	Ridgeville	8.5 mi	$1,010
47355	Lynn	9.1 mi	$1,010
47358	Modoc	10.1 mi	$1,010

Questions

What is the Fair Market Rent for ZIP code 47394?

HUD's FY2027 Small Area Fair Market Rents for 47394 are $730 (studio), $960 (1 BR), $1,050 (2 BR), $1,370 (3 BR) and $1,380 (4 BR) a month.

What is the Section 8 payment standard in 47394?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 47394 that range is $945 to $1,155 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 47394?

The FY2026 income limits of the Randolph County, IN area apply: median family income $78,100, low-income (80%) limit $67,850 for a family of four.