FY2027 Small Area FMR · New Harmony, IN
ZIP 47631 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 47631 (New Harmony, IN) is $1,040 a month, down 1.0% from FY2026. That is 8% 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 47631 sits in the Evansville, IN area
Of the 49 ZIP codes HUD lists for the area, 47631 has the 40th 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 $1,040 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $800 | $720 – $880 | $866 | $810 |
| 1 bedroom | $800 | $720 – $880 | $872 | $810 |
| 2 bedrooms | $1,040 | $936 – $1,144 | $1,127 | $1,050 |
| 3 bedrooms | $1,280 | $1,152 – $1,408 | $1,387 | $1,290 |
| 4 bedrooms | $1,420 | $1,278 – $1,562 | $1,534 | $1,450 |
A household renting a two-bedroom home at the Small Area FMR of $1,040 needs about $41,600 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 47631 lies mainly in Posey 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 47631?
HUD's FY2027 Small Area Fair Market Rents for 47631 are $800 (studio), $800 (1 BR), $1,040 (2 BR), $1,280 (3 BR) and $1,420 (4 BR) a month.
What is the Section 8 payment standard in 47631?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 47631 that range is $936 to $1,144 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 47631?
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.