FY2027 Small Area FMR · Terre Haute, IN
ZIP 47803 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 47803 (Terre Haute, IN) is $1,220 a month, up 6.1% from FY2026. That is 5% above the Terre Haute, IN area-wide FMR of $1,164.
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 47803 sits in the Terre Haute, IN area
Of the 45 ZIP codes HUD lists for the area, 47803 has the 5th highest two-bedroom Small Area FMR. Terre Haute, 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 $1,164 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,220 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $930 | $837 – $1,023 | $890 | $900 |
| 1 bedroom | $940 | $846 – $1,034 | $896 | $910 |
| 2 bedrooms | $1,220 | $1,098 – $1,342 | $1,164 | $1,150 |
| 3 bedrooms | $1,450 | $1,305 – $1,595 | $1,387 | $1,380 |
| 4 bedrooms | $1,690 | $1,521 – $1,859 | $1,610 | $1,610 |
A household renting a two-bedroom home at the Small Area FMR of $1,220 needs about $48,800 a year to keep housing costs at 30% of income. The area median family income is $71,400 and the 80% low-income limit for four people is $67,850. ZIP code 47803 lies mainly in Vigo County. See the Terre Haute, 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 47803?
HUD's FY2027 Small Area Fair Market Rents for 47803 are $930 (studio), $940 (1 BR), $1,220 (2 BR), $1,450 (3 BR) and $1,690 (4 BR) a month.
What is the Section 8 payment standard in 47803?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 47803 that range is $1,098 to $1,342 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 47803?
The FY2026 income limits of the Terre Haute, IN area apply: median family income $71,400, low-income (80%) limit $67,850 for a family of four.