What is the Fair Market Rent in Spice Valley Township, IN?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home runs from $1,010 to $1,070 a month across the 3 ZIP codes that cover Spice Valley Township.

By ZIP code: 47437 $1,050, 47470 $1,070, 47446 $1,010.

Across the whole Lawrence County, IN the two-bedroom figure is $1,026.

Figures last updated on .

2 bedrooms, whole area
$1,026
2 bedrooms, ZIP 47437
$1,050
2 bedrooms, ZIP 47470
$1,070
2 bedrooms, ZIP 47446
$1,010

Fair Market Rents for Spice Valley Township, 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
Studio1 bedroom2 bedrooms3 bedrooms4 bedroomsCensus median rent
Lawrence County, IN (whole area)$768$784$1,026$1,222$1,572—
ZIP 47437$790$810$1,050$1,260$1,610—
ZIP 47470 (64% of the ZIP’s land is in this place)$800$820$1,070$1,280$1,640$950
ZIP 47446 (29% of the ZIP’s land is in this place)$760$780$1,010$1,210$1,560$880

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.

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Questions about Spice Valley Township

What is the Section 8 payment standard in Spice Valley Township?

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 Lawrence County, IN is $1,026, and the Small Area figure for 47437 is $1,050.

What is the Fair Market Rent for a two-bedroom in ZIP 47437?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 47437 is $1,050 a month.

What is the Fair Market Rent for a two-bedroom in ZIP 47470?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 47470 is $1,070 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $950 (±$939).

What is the Fair Market Rent for a two-bedroom in ZIP 47446?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 47446 is $1,010 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $880 (±$92).

What is the Fair Market Rent for a one-bedroom in Spice Valley Township?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 47437 is $810 a month, against $784 across the Lawrence County, IN.

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.

Figures last updated on .

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