FY2027 Small Area FMR · Rensselaer, IN
ZIP 47978 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 47978 (Rensselaer, IN) is $1,320 a month, up 14.8% from FY2026. That is 8% below the Gary, IN area-wide FMR of $1,429.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 47978 sits in the Gary, IN area
Of the 59 ZIP codes HUD lists for the area, 47978 has the 37th highest two-bedroom Small Area FMR. Gary, IN is one of the 65 metro areas where HUD requires Small Area FMRs for the Housing Choice Voucher program (designated 2016), so local housing agencies must set payment standards from this ZIP code's figure, normally between $1,188 and $1,452 for two bedrooms.
ZIP code 47978 crosses more than one HUD area. HUD also lists it under Jasper County, IN (same figures) and White County, IN (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,000 | $900 – $1,100 | $1,117 | $870 |
| 1 bedroom | $1,010 | $909 – $1,111 | $1,176 | $880 |
| 2 bedrooms | $1,320 | $1,188 – $1,452 | $1,429 | $1,150 |
| 3 bedrooms | $1,700 | $1,530 – $1,870 | $1,739 | $1,500 |
| 4 bedrooms | $1,730 | $1,557 – $1,903 | $1,898 | $1,520 |
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 $100,900 and the 80% low-income limit for four people is $80,700. ZIP code 47978 lies mainly in Jasper County, Newton County and White County. See the Gary, IN metro page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 47978?
HUD's FY2027 Small Area Fair Market Rents for 47978 are $1,000 (studio), $1,010 (1 BR), $1,320 (2 BR), $1,700 (3 BR) and $1,730 (4 BR) a month.
What is the Section 8 payment standard in 47978?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 47978 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 47978?
The FY2026 income limits of the Gary, IN area apply: median family income $100,900, low-income (80%) limit $80,700 for a family of four.