FY2027 Small Area FMR · Midland, IN

ZIP 47445 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 47445 (Midland, IN) is $1,030 a month, up 6.2% from FY2026. That is 2% above the Greene County, IN area-wide FMR of $1,014.

2-bedroom SAFMR$1,030per month ▲ 6.2%

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

Rank in the area10thof 19 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$927

2 BR Small Area FMR$1,030

110% of SAFMR$1,133

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

Studio$780▲ 6.8%

1 BR$790▲ 6.8%

2 BR$1,030▲ 6.2%

3 BR$1,280▲ 5.8%

4 BR$1,540▲ 14.9%

FY2027 FY2026

Where 47445 sits in the Greene County, IN area

Of the 19 ZIP codes HUD lists for the area, 47445 has the 10th highest two-bedroom Small Area FMR. Greene 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 $1,030 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	$780	$702 – $858	$770	$730
1 bedroom	$790	$711 – $869	$775	$740
2 bedrooms	$1,030	$927 – $1,133	$1,014	$970
3 bedrooms	$1,280	$1,152 – $1,408	$1,266	$1,210
4 bedrooms	$1,540	$1,386 – $1,694	$1,533	$1,340

A household renting a two-bedroom home at the Small Area FMR of $1,030 needs about $41,200 a year to keep housing costs at 30% of income. The area median family income is $79,800 and the 80% low-income limit for four people is $67,850. ZIP code 47445 lies mainly in Greene County. See the Greene County, IN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
47438	Jasonville	2.5 mi	$1,050
47845	Coalmont	5.4 mi	$1,040
47441	Linton	5.5 mi	$1,010
47848	Dugger	6.7 mi	$1,010
47855	Hymera	7.6 mi	$1,120
47858	Lewis	9.8 mi	$1,060

Questions

What is the Fair Market Rent for ZIP code 47445?

HUD's FY2027 Small Area Fair Market Rents for 47445 are $780 (studio), $790 (1 BR), $1,030 (2 BR), $1,280 (3 BR) and $1,540 (4 BR) a month.

What is the Section 8 payment standard in 47445?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 47445 that range is $927 to $1,133 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 47445?

The FY2026 income limits of the Greene County, IN area apply: median family income $79,800, low-income (80%) limit $67,850 for a family of four.