FY2027 Small Area FMR · Cannelton, IN
ZIP 47520 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 47520 (Cannelton, IN) is $1,050 a month, up 1.9% from FY2026. That is 4% above the Perry County, IN area-wide FMR of $1,014.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 47520 sits in the Perry County, IN area
Of the 14 ZIP codes HUD lists for the area, 47520 has the 6th 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 $1,050 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $790 | $711 – $869 | $759 | $740 |
| 1 bedroom | $800 | $720 – $880 | $775 | $780 |
| 2 bedrooms | $1,050 | $945 – $1,155 | $1,014 | $1,030 |
| 3 bedrooms | $1,300 | $1,170 – $1,430 | $1,259 | $1,290 |
| 4 bedrooms | $1,760 | $1,584 – $1,936 | $1,695 | $1,730 |
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 $82,800 and the 80% low-income limit for four people is $68,800. ZIP code 47520 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
Questions
What is the Fair Market Rent for ZIP code 47520?
HUD's FY2027 Small Area Fair Market Rents for 47520 are $790 (studio), $800 (1 BR), $1,050 (2 BR), $1,300 (3 BR) and $1,760 (4 BR) a month.
What is the Section 8 payment standard in 47520?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 47520 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 47520?
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.