Spencer County, IN fair market rent
Spencer County, IN · FY2027 · upcoming · effective October 1, 2026
Illustrative 90–110% range $913–$1,115 · +6.1% from FY2026
Gross rent including tenant-paid utilities. The range is HUD's basic payment-standard band, not your PHA's adopted standard or your voucher payment; your PHA's effective date may differ. Non-metro county. U.S. county median 2BR $1,056.
Your housing authority's payment standard: not verified on this page.
Confirm the amount, bedroom size, utility allowance and effective date for the unit's address before relying on it.
Find your housing authority| Unit | FY2027 | FY2026 | Change |
|---|---|---|---|
| Studio | $706 | $659 | +7.1% |
| 1 bedroom | $775 | $729 | +6.3% |
| 2 bedrooms | $1,014 | $956 | +6.1% |
| 3 bedrooms | $1,351 | $1,330 | +1.6% |
| 4 bedrooms | $1,356 | $1,382 | -1.9% |
All Indiana areasHow payment standards work
Source: HUD Fair Market Rent data, FMR_All_1983_2027.csv, retrieved 2026-09-19.
2-bedroom FMR, last 11 years
- FY17$666
- FY18$697
- FY19$688
- FY20$714
- FY21$732
- FY22$738
- FY23$826
- FY24$863
- FY25$928
- FY26$956
- FY27$1,014
HUD's fiscal year runs October to September, so the FY2027 figure applies from October 1, 2026. The FMR is the 40th-percentile gross rent (rent plus tenant-paid utilities) for standard-quality units, from Census ACS data trended forward with recent rent surveys. It is not a rent cap for private landlords. Data & method
Small Area FMRs by ZIP code
18 ZIPs in Spencer County, IN- ZIP 47523Studio $770 · 1BR $810 · 3BR $1,370 · 4BR $1,450
- ZIP 47531Studio $860 · 1BR $910 · 3BR $1,550 · 4BR $1,760
- ZIP 47532Studio $790 · 1BR $810 · 3BR $1,420 · 4BR $1,720
- ZIP 47537Studio $770 · 1BR $780 · 3BR $1,340 · 4BR $1,390
- ZIP 47541Studio $810 · 1BR $820 · 3BR $1,410 · 4BR $1,720
- ZIP 47550Studio $710 · 1BR $780 · 3BR $1,360 · 4BR $1,370
- ZIP 47552Studio $780 · 1BR $840 · 3BR $1,440 · 4BR $1,480
- ZIP 47556Studio $710 · 1BR $780 · 3BR $1,360 · 4BR $1,370
- ZIP 47577Studio $840 · 1BR $870 · 3BR $1,500 · 4BR $1,800
- ZIP 47579Studio $1,020 · 1BR $1,120 · 3BR $1,960 · 4BR $1,970
- ZIP 47588Studio $910 · 1BR $950 · 3BR $1,570 · 4BR $1,970
- ZIP 47601Studio $780 · 1BR $780 · 3BR $1,250 · 4BR $1,390
- ZIP 47611Studio $740 · 1BR $800 · 3BR $1,370 · 4BR $1,400
- ZIP 47615Studio $840 · 1BR $920 · 3BR $1,610 · 4BR $1,620
- ZIP 47617Studio $710 · 1BR $780 · 3BR $1,360 · 4BR $1,370
- ZIP 47634Studio $900 · 1BR $990 · 3BR $1,800 · 4BR $1,870
- ZIP 47635Studio $710 · 1BR $780 · 3BR $1,360 · 4BR $1,370
- ZIP 47637Studio $770 · 1BR $780 · 3BR $1,280 · 4BR $1,390