FY2027 Small Area FMR · Santa Claus, IN
ZIP 47579 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 47579 (Santa Claus, IN) is $1,470 a month, up 4.3% from FY2026. That is 45% above the Spencer 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 47579 sits in the Spencer County, IN area
Of the 18 ZIP codes HUD lists for the area, 47579 has the 1st highest two-bedroom Small Area FMR. Spencer 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 $1,470 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,020 | $918 – $1,122 | $706 | $970 |
| 1 bedroom | $1,120 | $1,008 – $1,232 | $775 | $1,070 |
| 2 bedrooms | $1,470 | $1,323 – $1,617 | $1,014 | $1,410 |
| 3 bedrooms | $1,960 | $1,764 – $2,156 | $1,351 | $1,960 |
| 4 bedrooms | $1,970 | $1,773 – $2,167 | $1,356 | $2,040 |
A household renting a two-bedroom home at the Small Area FMR of $1,470 needs about $58,800 a year to keep housing costs at 30% of income. The area median family income is $99,400 and the 80% low-income limit for four people is $79,500. ZIP code 47579 lies mainly in Spencer County. See the Spencer 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 47579?
HUD's FY2027 Small Area Fair Market Rents for 47579 are $1,020 (studio), $1,120 (1 BR), $1,470 (2 BR), $1,960 (3 BR) and $1,970 (4 BR) a month.
What is the Section 8 payment standard in 47579?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 47579 that range is $1,323 to $1,617 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 47579?
The FY2026 income limits of the Spencer County, IN area apply: median family income $99,400, low-income (80%) limit $79,500 for a family of four.