FY2027 Small Area FMR · Cayuga, IN

ZIP 47928 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 47928 (Cayuga, IN) is $1,210 a month, up 5.2% from FY2026. That is 4% above the Terre Haute, IN area-wide FMR of $1,164.

2-bedroom SAFMR$1,210per month ▲ 5.2%

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

Rank in the area7thof 45 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,089

2 BR Small Area FMR$1,210

110% of SAFMR$1,331

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

Studio$930▲ 3.3%

1 BR$930▲ 2.2%

2 BR$1,210▲ 5.2%

3 BR$1,440▲ 4.3%

4 BR$1,670▲ 3.7%

FY2027 FY2026

Where 47928 sits in the Terre Haute, IN area

Of the 45 ZIP codes HUD lists for the area, 47928 has the 7th 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 $1,210 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	$930	$837 – $1,023	$890	$900
1 bedroom	$930	$837 – $1,023	$896	$910
2 bedrooms	$1,210	$1,089 – $1,331	$1,164	$1,150
3 bedrooms	$1,440	$1,296 – $1,584	$1,387	$1,380
4 bedrooms	$1,670	$1,503 – $1,837	$1,610	$1,610

A household renting a two-bedroom home at the Small Area FMR of $1,210 needs about $48,400 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 47928 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	3.4 mi	$1,060
47966	Newport	4.7 mi	$1,040
47847	Dana	6.3 mi	$1,010
61870	Ridge Farm	7.9 mi	$930
61846	Georgetown	8.1 mi	$930
47974	Perrysville	8.4 mi	$1,070

Questions

What is the Fair Market Rent for ZIP code 47928?

HUD's FY2027 Small Area Fair Market Rents for 47928 are $930 (studio), $930 (1 BR), $1,210 (2 BR), $1,440 (3 BR) and $1,670 (4 BR) a month.

What is the Section 8 payment standard in 47928?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 47928 that range is $1,089 to $1,331 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 47928?

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.