FY2027 Small Area FMR · Centerpoint, IN

ZIP 47840 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 47840 (Centerpoint, IN) is $1,150 a month, up 10.6% from FY2026. That is 1% below the Terre Haute, IN area-wide FMR of $1,164.

2-bedroom SAFMR$1,150per month ▲ 10.6%

Area-wide 2 BR FMR$1,164Terre Haute, IN

Rank in the area16thof 45 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$880▲ 8.6%

1 BR$890▲ 8.5%

2 BR$1,150▲ 10.6%

3 BR$1,370▲ 8.7%

4 BR$1,590▲ 7.4%

FY2027 FY2026

Where 47840 sits in the Terre Haute, IN area

Of the 45 ZIP codes HUD lists for the area, 47840 has the 16th 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 $1,150 for this ZIP code instead.

ZIP code 47840 crosses more than one HUD area. HUD also lists it under Putnam County, IN (same figures). The figure that applies depends on which side of the line the home is.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$880	$792 – $968	$890	$810
1 bedroom	$890	$801 – $979	$896	$820
2 bedrooms	$1,150	$1,035 – $1,265	$1,164	$1,040
3 bedrooms	$1,370	$1,233 – $1,507	$1,387	$1,260
4 bedrooms	$1,590	$1,431 – $1,749	$1,610	$1,480

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 $71,400 and the 80% low-income limit for four people is $67,850. ZIP code 47840 lies mainly in Clay County and Putnam County. See the Terre Haute, IN metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
47833	Bowling Green	5.5 mi	$1,060
47846	Cory	7.6 mi	$1,120
47868	Poland	8.2 mi	$1,050
47857	Knightsville	8.2 mi	$1,010
47455	Patricksburg	8.3 mi	$1,010
47834	Brazil	8.8 mi	$1,130

Questions

What is the Fair Market Rent for ZIP code 47840?

HUD's FY2027 Small Area Fair Market Rents for 47840 are $880 (studio), $890 (1 BR), $1,150 (2 BR), $1,370 (3 BR) and $1,590 (4 BR) a month.

What is the Section 8 payment standard in 47840?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 47840 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 47840?

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.