FY2027 Small Area FMR · Bicknell, IN

ZIP 47512 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 47512 (Bicknell, IN) is $1,010 a month, up 5.2% from FY2026. That is 0% equal to the Knox County, IN area-wide FMR of $1,014.

2-bedroom SAFMR$1,010per month ▲ 5.2%

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

Rank in the area7thof 13 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$909

2 BR Small Area FMR$1,010

110% of SAFMR$1,111

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

Studio$770▲ 6.9%

1 BR$780▲ 6.8%

2 BR$1,010▲ 5.2%

3 BR$1,340▲ 10.7%

4 BR$1,340▲ 5.5%

FY2027 FY2026

Where 47512 sits in the Knox County, IN area

Of the 13 ZIP codes HUD lists for the area, 47512 has the 7th highest two-bedroom Small Area FMR. Knox 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 $1,010 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	$770	$693 – $847	$769	$720
1 bedroom	$780	$702 – $858	$775	$730
2 bedrooms	$1,010	$909 – $1,111	$1,014	$960
3 bedrooms	$1,340	$1,206 – $1,474	$1,332	$1,210
4 bedrooms	$1,340	$1,206 – $1,474	$1,333	$1,270

A household renting a two-bedroom home at the Small Area FMR of $1,010 needs about $40,400 a year to keep housing costs at 30% of income. The area median family income is $85,400 and the 80% low-income limit for four people is $68,300. ZIP code 47512 lies mainly in Knox County. See the Knox County, IN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
47573	Ragsdale	2.7 mi	$1,010
47528	Edwardsport	5.0 mi	$1,140
47516	Bruceville	5.4 mi	$1,010
47535	Freelandville	6.2 mi	$1,080
47596	Westphalia	7.6 mi	$1,070
47561	Oaktown	8.4 mi	$1,010

Questions

What is the Fair Market Rent for ZIP code 47512?

HUD's FY2027 Small Area Fair Market Rents for 47512 are $770 (studio), $780 (1 BR), $1,010 (2 BR), $1,340 (3 BR) and $1,340 (4 BR) a month.

What is the Section 8 payment standard in 47512?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 47512 that range is $909 to $1,111 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 47512?

The FY2026 income limits of the Knox County, IN area apply: median family income $85,400, low-income (80%) limit $68,300 for a family of four.