FY2027 Small Area FMR · Owensville, IN

ZIP 47665 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 47665 (Owensville, IN) is $1,150 a month, up 6.5% from FY2026. That is 6% above the Gibson County, IN area-wide FMR of $1,083.

2-bedroom SAFMR$1,150per month ▲ 6.5%

Area-wide 2 BR FMR$1,083Gibson County, IN

Rank in the area4thof 17 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,035

2 BR Small Area FMR$1,150

110% of SAFMR$1,265

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

Studio$870▲ 4.8%

1 BR$880▲ 6.0%

2 BR$1,150▲ 6.5%

3 BR$1,450▲ 6.6%

4 BR$1,620▲ 10.2%

FY2027 FY2026

Where 47665 sits in the Gibson County, IN area

Of the 17 ZIP codes HUD lists for the area, 47665 has the 4th highest two-bedroom Small Area FMR. Gibson 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 $1,083 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,150 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	$870	$783 – $957	$822	$830
1 bedroom	$880	$792 – $968	$828	$830
2 bedrooms	$1,150	$1,035 – $1,265	$1,083	$1,080
3 bedrooms	$1,450	$1,305 – $1,595	$1,364	$1,360
4 bedrooms	$1,620	$1,458 – $1,782	$1,524	$1,470

A household renting a two-bedroom home at the Small Area FMR of $1,150 needs about $46,000 a year to keep housing costs at 30% of income. The area median family income is $92,000 and the 80% low-income limit for four people is $73,600. ZIP code 47665 lies mainly in Gibson County. See the Gibson County, IN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
47612	Cynthiana	5.9 mi	$1,010
47633	Poseyville	7.8 mi	$1,010
47670	Princeton	8.8 mi	$1,130
47616	Griffin	9.3 mi	$1,010
62852	Keensburg	9.3 mi	$990
47648	Fort Branch	9.5 mi	$1,120

Questions

What is the Fair Market Rent for ZIP code 47665?

HUD's FY2027 Small Area Fair Market Rents for 47665 are $870 (studio), $880 (1 BR), $1,150 (2 BR), $1,450 (3 BR) and $1,620 (4 BR) a month.

What is the Section 8 payment standard in 47665?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 47665 that range is $1,035 to $1,265 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 47665?

The FY2026 income limits of the Gibson County, IN area apply: median family income $92,000, low-income (80%) limit $73,600 for a family of four.