FY2027 Small Area FMR · Dale, IN
ZIP 47523 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 47523 (Dale, IN) is $1,050 a month, up 7.1% from FY2026. That is 7% below the Evansville, IN area-wide FMR of $1,127.
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 47523 sits in the Evansville, IN area
Of the 49 ZIP codes HUD lists for the area, 47523 has the 38th highest two-bedroom Small Area FMR. Evansville, 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 $1,127 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,050 for this ZIP code instead.
ZIP code 47523 crosses more than one HUD area. HUD also lists it under Dubois County, IN (same figures) and Spencer County, IN (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $770 | $693 – $847 | $866 | $710 |
| 1 bedroom | $810 | $729 – $891 | $872 | $750 |
| 2 bedrooms | $1,050 | $945 – $1,155 | $1,127 | $980 |
| 3 bedrooms | $1,370 | $1,233 – $1,507 | $1,387 | $1,330 |
| 4 bedrooms | $1,450 | $1,305 – $1,595 | $1,534 | $1,420 |
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 $93,000 and the 80% low-income limit for four people is $74,400. ZIP code 47523 lies mainly in Warrick County, Spencer County and Dubois County. See the Evansville, IN metro page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 47523?
HUD's FY2027 Small Area Fair Market Rents for 47523 are $770 (studio), $810 (1 BR), $1,050 (2 BR), $1,370 (3 BR) and $1,450 (4 BR) a month.
What is the Section 8 payment standard in 47523?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 47523 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 47523?
The FY2026 income limits of the Evansville, IN area apply: median family income $93,000, low-income (80%) limit $74,400 for a family of four.