FY2027 Small Area FMR · Veedersburg, IN

ZIP 47987 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 47987 (Veedersburg, IN) is $1,010 a month, up 5.2% from FY2026. That is 0% equal to the Fountain County, IN area-wide FMR of $1,014.

2-bedroom SAFMR$1,010per month ▲ 5.2%

Area-wide 2 BR FMR$1,014Fountain County, IN

Rank in the area8thof 11 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$760▲ 10.1%

1 BR$780▲ 6.8%

2 BR$1,010▲ 5.2%

3 BR$1,290▲ 9.3%

4 BR$1,700▲ 6.2%

FY2027 FY2026

Where 47987 sits in the Fountain County, IN area

Of the 11 ZIP codes HUD lists for the area, 47987 has the 8th highest two-bedroom Small Area FMR. Fountain 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 $1,014 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	$760	$684 – $836	$759	$690
1 bedroom	$780	$702 – $858	$775	$730
2 bedrooms	$1,010	$909 – $1,111	$1,014	$960
3 bedrooms	$1,290	$1,161 – $1,419	$1,279	$1,180
4 bedrooms	$1,700	$1,530 – $1,870	$1,695	$1,600

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 $75,800 and the 80% low-income limit for four people is $67,850. ZIP code 47987 lies mainly in Fountain County. See the Fountain County, IN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
47958	Mellott	5.4 mi	$1,010
47949	Hillsboro	6.8 mi	$1,150
47969	Newtown	7.1 mi	$1,020
47994	Wingate	9.5 mi	$1,100
47932	Covington	9.6 mi	$1,010
47990	Waynetown	10.4 mi	$1,200

Questions

What is the Fair Market Rent for ZIP code 47987?

HUD's FY2027 Small Area Fair Market Rents for 47987 are $760 (studio), $780 (1 BR), $1,010 (2 BR), $1,290 (3 BR) and $1,700 (4 BR) a month.

What is the Section 8 payment standard in 47987?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 47987 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 47987?

The FY2026 income limits of the Fountain County, IN area apply: median family income $75,800, low-income (80%) limit $67,850 for a family of four.