FY2027 Small Area FMR · Dana, IN

ZIP 47847 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 47847 (Dana, IN) is $1,010 a month, up 5.2% from FY2026. That is 13% below the Terre Haute, IN area-wide FMR of $1,164.

2-bedroom SAFMR$1,010per month ▲ 5.2%

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

Rank in the area36thof 45 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$909

2 BR Small Area FMR$1,010

110% of SAFMR$1,111

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

Studio$780▲ 4.0%

1 BR$780▲ 2.6%

2 BR$1,010▲ 5.2%

3 BR$1,210▲ 5.2%

4 BR$1,410▲ 5.2%

FY2027 FY2026

Where 47847 sits in the Terre Haute, IN area

Of the 45 ZIP codes HUD lists for the area, 47847 has the 36th 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 $1,010 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	$780	$702 – $858	$890	$750
1 bedroom	$780	$702 – $858	$896	$760
2 bedrooms	$1,010	$909 – $1,111	$1,164	$960
3 bedrooms	$1,210	$1,089 – $1,331	$1,387	$1,150
4 bedrooms	$1,410	$1,269 – $1,551	$1,610	$1,340

A household renting a two-bedroom home at the Small Area FMR of $1,010 needs about $40,400 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 47847 lies mainly in Vermillion 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
47875	Saint Bernice	3.9 mi	$1,060
47854	Hillsdale	4.8 mi	$1,100
47966	Newport	6.0 mi	$1,040
47928	Cayuga	6.3 mi	$1,210
61870	Ridge Farm	8.4 mi	$930
47862	Montezuma	8.8 mi	$1,160

Questions

What is the Fair Market Rent for ZIP code 47847?

HUD's FY2027 Small Area Fair Market Rents for 47847 are $780 (studio), $780 (1 BR), $1,010 (2 BR), $1,210 (3 BR) and $1,410 (4 BR) a month.

What is the Section 8 payment standard in 47847?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 47847 that range is $909 to $1,111 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 47847?

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.