What is the Fair Market Rent in Spencer Township (Harrison County), IN?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home runs from $1,010 to $1,450 a month across the 2 ZIP codes that cover Spencer Township (Harrison County).

By ZIP code: 47166 $1,450, 47115 $1,010.

Across the whole Louisville, KY-IN HUD Metro FMR Area the two-bedroom figure is $1,276.

Figures last updated on November 12, 2026.

2 bedrooms, whole area: $1,276
2 bedrooms, ZIP 47166: $1,450
2 bedrooms, ZIP 47115: $1,010

Fair Market Rents for Spencer Township (Harrison County), fiscal year 2027

HUD Fair Market Rent, dollars a month (gross rent, including utilities), beside the Census Bureau’s median gross rent for each ZIP code
	Studio	1 bedroom	2 bedrooms	3 bedrooms	4 bedrooms	Census median rent
Louisville, KY-IN HUD Metro FMR Area (whole area)	$976	$1,058	$1,276	$1,629	$1,874	—
ZIP 47166 (62% of the ZIP’s land is in this place)	$1,110	$1,200	$1,450	$1,850	$2,130	$1,305
ZIP 47115 (40% of the ZIP’s land is in this place)	$780	$840	$1,010	$1,300	$1,490	$632

A Fair Market Rent is HUD’s estimate of the gross rent (shelter plus utilities) of a modest rental home in the area.

Whether a housing authority uses the ZIP code (Small Area) figures or the area-wide one depends on whether HUD has designated the area for Small Area FMRs or the authority has opted in; ask the local housing authority which applies.

What you can do on Seayora in Spencer Township (Harrison County)

One account for renting, owning, managing and fixing homes, with these figures beside you.

Own or manage a rental?

List it, sign the lease and collect rent online, with the figures for Spencer Township (Harrison County) beside you.

Create a landlord account · See what landlords get

Looking for a place to rent?

Browse homes for rent near Spencer Township (Harrison County), save the ones you like and apply online.

Browse rentals · Create a renter account

Do repairs, renovations or maintenance?

Get found by owners and renters near Spencer Township (Harrison County), and send estimates and invoices from your phone.

Join as a pro · Find a pro

Questions about Spencer Township (Harrison County)

What is the Section 8 payment standard in Spencer Township (Harrison County)?

Housing authorities set payment standards between 90% and 110% of HUD’s Fair Market Rent; for fiscal year 2027, the two-bedroom Fair Market Rent for the Louisville, KY-IN HUD Metro FMR Area is $1,276, and the Small Area figure for 47166 is $1,450.

What is the Fair Market Rent for a two-bedroom in ZIP 47166?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 47166 is $1,450 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,305 (±$471).

What is the Fair Market Rent for a two-bedroom in ZIP 47115?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 47115 is $1,010 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $632 (±$160).

What is the Fair Market Rent for a one-bedroom in Spencer Township (Harrison County)?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 47166 is $1,200 a month, against $1,058 across the Louisville, KY-IN HUD Metro FMR Area.

Sources

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.