FY2027 Small Area FMR · Buck Creek, IN

ZIP 47924 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 47924 (Buck Creek, IN) is $1,320 a month, up 3.9% from FY2026. That is 4% above the Lafayette-West Lafayette, IN area-wide FMR of $1,273.

2-bedroom SAFMR$1,320per month ▲ 3.9%

Area-wide 2 BR FMR$1,273Lafayette-West Lafayette, IN

Rank in the area2ndof 34 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,188

2 BR Small Area FMR$1,320

110% of SAFMR$1,452

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

Studio$980▲ 7.7%

1 BR$1,110▲ 4.7%

2 BR$1,320▲ 3.9%

3 BR$1,570▲ 3.3%

4 BR$2,210▲ 8.3%

FY2027 FY2026

Where 47924 sits in the Lafayette-West Lafayette, IN area

Of the 34 ZIP codes HUD lists for the area, 47924 has the 2nd highest two-bedroom Small Area FMR. Lafayette-West Lafayette, 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 $1,273 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,320 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	$980	$882 – $1,078	$942	$910
1 bedroom	$1,110	$999 – $1,221	$1,070	$1,060
2 bedrooms	$1,320	$1,188 – $1,452	$1,273	$1,270
3 bedrooms	$1,570	$1,413 – $1,727	$1,517	$1,520
4 bedrooms	$2,210	$1,989 – $2,431	$2,128	$2,040

A household renting a two-bedroom home at the Small Area FMR of $1,320 needs about $52,800 a year to keep housing costs at 30% of income. The area median family income is $100,000 and the 80% low-income limit for four people is $79,700. ZIP code 47924 lies mainly in Tippecanoe County. See the Lafayette-West Lafayette, IN metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
47905	Lafayette	4.7 mi	$1,320
47920	Battle Ground	5.2 mi	$1,190
47904	Lafayette	6.9 mi	$1,150
47941	Dayton	7.7 mi	$1,130
47901	Lafayette	8.2 mi	$1,160
46065	Rossville	9.0 mi	$1,170

Questions

What is the Fair Market Rent for ZIP code 47924?

HUD's FY2027 Small Area Fair Market Rents for 47924 are $980 (studio), $1,110 (1 BR), $1,320 (2 BR), $1,570 (3 BR) and $2,210 (4 BR) a month.

What is the Section 8 payment standard in 47924?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 47924 that range is $1,188 to $1,452 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 47924?

The FY2026 income limits of the Lafayette-West Lafayette, IN area apply: median family income $100,000, low-income (80%) limit $79,700 for a family of four.