FY2027 Small Area FMR · Darlington, IN

ZIP 47940 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 47940 (Darlington, IN) is $1,010 a month, up 5.2% from FY2026. That is 3% below the Montgomery County, IN area-wide FMR of $1,046.

2-bedroom SAFMR$1,010per month ▲ 5.2%

Area-wide 2 BR FMR$1,046Montgomery County, IN

Rank in the area17thof 18 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$870▲ 8.8%

1 BR$870▲ 8.8%

2 BR$1,010▲ 5.2%

3 BR$1,320▲ 3.9%

4 BR$1,420▲ 2.2%

FY2027 FY2026

Where 47940 sits in the Montgomery County, IN area

Of the 18 ZIP codes HUD lists for the area, 47940 has the 17th highest two-bedroom Small Area FMR. Montgomery 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 $1,046 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	$870	$783 – $957	$895	$800
1 bedroom	$870	$783 – $957	$900	$800
2 bedrooms	$1,010	$909 – $1,111	$1,046	$960
3 bedrooms	$1,320	$1,188 – $1,452	$1,351	$1,270
4 bedrooms	$1,420	$1,278 – $1,562	$1,459	$1,390

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 $96,600 and the 80% low-income limit for four people is $77,300. ZIP code 47940 lies mainly in Montgomery County. See the Montgomery County, IN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
46035	Colfax	6.2 mi	$1,120
46071	Thorntown	7.3 mi	$1,280
47955	Linden	8.2 mi	$1,120
47930	Clarks Hill	8.3 mi	$1,190
47933	Crawfordsville	9.6 mi	$1,110
46102	Advance	10.8 mi	$1,380

Questions

What is the Fair Market Rent for ZIP code 47940?

HUD's FY2027 Small Area Fair Market Rents for 47940 are $870 (studio), $870 (1 BR), $1,010 (2 BR), $1,320 (3 BR) and $1,420 (4 BR) a month.

What is the Section 8 payment standard in 47940?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 47940 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 47940?

The FY2026 income limits of the Montgomery County, IN area apply: median family income $96,600, low-income (80%) limit $77,300 for a family of four.