FY2027 Small Area FMR · Paxton, IN

ZIP 47865 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 47865 (Paxton, IN) is $1,050 a month, up 4.0% from FY2026. That is 2% below the Sullivan County, IN area-wide FMR of $1,067.

2-bedroom SAFMR$1,050per month ▲ 4.0%

Area-wide 2 BR FMR$1,067Sullivan County, IN

Rank in the area10thof 16 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$945

2 BR Small Area FMR$1,050

110% of SAFMR$1,155

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

Studio$800▲ 6.7%

1 BR$810▲ 5.2%

2 BR$1,050▲ 4.0%

3 BR$1,350▲ 9.8%

4 BR$1,760▲ 4.1%

FY2027 FY2026

Where 47865 sits in the Sullivan County, IN area

Of the 16 ZIP codes HUD lists for the area, 47865 has the 10th highest two-bedroom Small Area FMR. Sullivan 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 $1,067 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,050 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	$800	$720 – $880	$810	$750
1 bedroom	$810	$729 – $891	$816	$770
2 bedrooms	$1,050	$945 – $1,155	$1,067	$1,010
3 bedrooms	$1,350	$1,215 – $1,485	$1,370	$1,230
4 bedrooms	$1,760	$1,584 – $1,936	$1,783	$1,690

A household renting a two-bedroom home at the Small Area FMR of $1,050 needs about $42,000 a year to keep housing costs at 30% of income. The area median family income is $76,800 and the 80% low-income limit for four people is $67,850. ZIP code 47865 lies mainly in Sullivan County. See the Sullivan County, IN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
47838	Carlisle	4.1 mi	$1,010
47882	Sullivan	5.0 mi	$1,090
47848	Dugger	7.1 mi	$1,010
47861	Merom	10.3 mi	$1,310
47561	Oaktown	11.1 mi	$1,010
47535	Freelandville	11.2 mi	$1,080

Questions

What is the Fair Market Rent for ZIP code 47865?

HUD's FY2027 Small Area Fair Market Rents for 47865 are $800 (studio), $810 (1 BR), $1,050 (2 BR), $1,350 (3 BR) and $1,760 (4 BR) a month.

What is the Section 8 payment standard in 47865?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 47865 that range is $945 to $1,155 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 47865?

The FY2026 income limits of the Sullivan County, IN area apply: median family income $76,800, low-income (80%) limit $67,850 for a family of four.