FY2027 Small Area FMR · Decker, IN

ZIP 47524 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 47524 (Decker, IN) is $1,020 a month, up 6.2% from FY2026. That is 1% above the Knox County, IN area-wide FMR of $1,014.

2-bedroom SAFMR$1,020per month ▲ 6.2%

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

Rank in the area6thof 13 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$918

2 BR Small Area FMR$1,020

110% of SAFMR$1,122

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

Studio$770▲ 5.5%

1 BR$780▲ 5.4%

2 BR$1,020▲ 6.2%

3 BR$1,320▲ 7.3%

4 BR$1,390▲ 7.8%

FY2027 FY2026

Where 47524 sits in the Knox County, IN area

Of the 13 ZIP codes HUD lists for the area, 47524 has the 6th 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 $1,020 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	$730
1 bedroom	$780	$702 – $858	$775	$740
2 bedrooms	$1,020	$918 – $1,122	$1,014	$960
3 bedrooms	$1,320	$1,188 – $1,452	$1,332	$1,230
4 bedrooms	$1,390	$1,251 – $1,529	$1,333	$1,290

A household renting a two-bedroom home at the Small Area FMR of $1,020 needs about $40,800 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 47524 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
47666	Patoka	5.3 mi	$1,010
47640	Hazleton	7.0 mi	$1,010
62410	Allendale	7.3 mi	$930
62460	Saint Francisville	9.7 mi	$930
47670	Princeton	10.4 mi	$1,130
47591	Vincennes	11.0 mi	$1,030

Questions

What is the Fair Market Rent for ZIP code 47524?

HUD's FY2027 Small Area Fair Market Rents for 47524 are $770 (studio), $780 (1 BR), $1,020 (2 BR), $1,320 (3 BR) and $1,390 (4 BR) a month.

What is the Section 8 payment standard in 47524?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 47524 that range is $918 to $1,122 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 47524?

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.