FY2027 Small Area FMR · Branchville, IN

ZIP 47514 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 47514 (Branchville, IN) is $1,010 a month, up 5.2% from FY2026. That is 0% equal to the Perry County, IN area-wide FMR of $1,014.

2-bedroom SAFMR$1,010per month ▲ 5.2%

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

Rank in the area10thof 14 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$760▲ 10.1%

1 BR$780▲ 6.8%

2 BR$1,010▲ 5.2%

3 BR$1,260▲ 5.0%

4 BR$1,700▲ 5.6%

FY2027 FY2026

Where 47514 sits in the Perry County, IN area

Of the 14 ZIP codes HUD lists for the area, 47514 has the 10th highest two-bedroom Small Area FMR. Perry 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	$760	$684 – $836	$759	$690
1 bedroom	$780	$702 – $858	$775	$730
2 bedrooms	$1,010	$909 – $1,111	$1,014	$960
3 bedrooms	$1,260	$1,134 – $1,386	$1,259	$1,200
4 bedrooms	$1,700	$1,530 – $1,870	$1,695	$1,610

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 $82,800 and the 80% low-income limit for four people is $68,800. ZIP code 47514 lies mainly in Perry County. See the Perry County, IN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
47576	Saint Croix	2.2 mi	$1,010
47551	Leopold	3.0 mi	$1,010
47515	Bristow	6.7 mi	$1,170
47174	Sulphur	7.1 mi	$1,010
47525	Derby	8.7 mi	$1,030
47123	Grantsburg	9.6 mi	$1,010

Questions

What is the Fair Market Rent for ZIP code 47514?

HUD's FY2027 Small Area Fair Market Rents for 47514 are $760 (studio), $780 (1 BR), $1,010 (2 BR), $1,260 (3 BR) and $1,700 (4 BR) a month.

What is the Section 8 payment standard in 47514?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 47514 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 47514?

The FY2026 income limits of the Perry County, IN area apply: median family income $82,800, low-income (80%) limit $68,800 for a family of four.