FY2027 Small Area FMR · Reynolds, IN

ZIP 47980 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 47980 (Reynolds, IN) is $1,130 a month, up 17.7% from FY2026. That is 0% equal to the White County, IN area-wide FMR of $1,134.

2-bedroom SAFMR$1,130per month ▲ 17.7%

Area-wide 2 BR FMR$1,134White County, IN

Rank in the area7thof 18 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,017

2 BR Small Area FMR$1,130

110% of SAFMR$1,243

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

Studio$840▲ 21.7%

1 BR$860▲ 17.8%

2 BR$1,130▲ 17.7%

3 BR$1,340▲ 16.5%

4 BR$1,490▲ 17.3%

FY2027 FY2026

Where 47980 sits in the White County, IN area

Of the 18 ZIP codes HUD lists for the area, 47980 has the 7th highest two-bedroom Small Area FMR. White 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 $1,134 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,130 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	$840	$756 – $924	$848	$690
1 bedroom	$860	$774 – $946	$867	$730
2 bedrooms	$1,130	$1,017 – $1,243	$1,134	$960
3 bedrooms	$1,340	$1,206 – $1,474	$1,351	$1,150
4 bedrooms	$1,490	$1,341 – $1,639	$1,490	$1,270

A household renting a two-bedroom home at the Small Area FMR of $1,130 needs about $45,200 a year to keep housing costs at 30% of income. The area median family income is $86,600 and the 80% low-income limit for four people is $69,300. ZIP code 47980 lies mainly in White County. See the White County, IN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
47929	Chalmers	5.7 mi	$1,070
47995	Wolcott	6.3 mi	$1,210
47959	Monon	7.6 mi	$1,180
47960	Monticello	8.5 mi	$1,110
47923	Brookston	9.9 mi	$1,090
47997	Yeoman	11.3 mi	$1,010

Questions

What is the Fair Market Rent for ZIP code 47980?

HUD's FY2027 Small Area Fair Market Rents for 47980 are $840 (studio), $860 (1 BR), $1,130 (2 BR), $1,340 (3 BR) and $1,490 (4 BR) a month.

What is the Section 8 payment standard in 47980?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 47980 that range is $1,017 to $1,243 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 47980?

The FY2026 income limits of the White County, IN area apply: median family income $86,600, low-income (80%) limit $69,300 for a family of four.