FY2027 Small Area FMR · Washington, IN

ZIP 47501 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 47501 (Washington, IN) is $1,100 a month, up 7.8% from FY2026. That is 1% above the Daviess County, IN area-wide FMR of $1,090.

2-bedroom SAFMR$1,100per month ▲ 7.8%

Area-wide 2 BR FMR$1,090Daviess County, IN

Rank in the area2ndof 8 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$990

2 BR Small Area FMR$1,100

110% of SAFMR$1,210

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

Studio$820▲ 12.3%

1 BR$840▲ 7.7%

2 BR$1,100▲ 7.8%

3 BR$1,350▲ 7.1%

4 BR$1,450▲ 7.4%

FY2027 FY2026

Where 47501 sits in the Daviess County, IN area

Of the 8 ZIP codes HUD lists for the area, 47501 has the 2nd highest two-bedroom Small Area FMR. Daviess 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 $1,090 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,100 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	$820	$738 – $902	$815	$730
1 bedroom	$840	$756 – $924	$833	$780
2 bedrooms	$1,100	$990 – $1,210	$1,090	$1,020
3 bedrooms	$1,350	$1,215 – $1,485	$1,336	$1,260
4 bedrooms	$1,450	$1,305 – $1,595	$1,433	$1,350

A household renting a two-bedroom home at the Small Area FMR of $1,100 needs about $44,000 a year to keep housing costs at 30% of income. The area median family income is $91,800 and the 80% low-income limit for four people is $73,450. ZIP code 47501 lies mainly in Daviess County. See the Daviess County, IN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
47597	Wheatland	6.8 mi	$1,010
47558	Montgomery	7.3 mi	$1,040
47568	Plainville	8.0 mi	$1,010
47573	Ragsdale	9.8 mi	$1,010
47519	Cannelburg	10.6 mi	$1,170
47557	Monroe City	10.8 mi	$1,220

Questions

What is the Fair Market Rent for ZIP code 47501?

HUD's FY2027 Small Area Fair Market Rents for 47501 are $820 (studio), $840 (1 BR), $1,100 (2 BR), $1,350 (3 BR) and $1,450 (4 BR) a month.

What is the Section 8 payment standard in 47501?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 47501 that range is $990 to $1,210 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 47501?

The FY2026 income limits of the Daviess County, IN area apply: median family income $91,800, low-income (80%) limit $73,450 for a family of four.