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Scott County/Austin/47102

47102

ZIPSAFMR
Scott County, IN
Zillow

ZIP Investment Score

135High yield potential

095130300
BRFMR
Eff. Rent
0 BR$760$840
1 BR$780$860
2 BR$1,010$1,110
3 BR$1,310$1,260
4 BR$1,370$1,340
5 BR$1,575Not available
6 BR$1,812Not available
7 BR$2,084Not available
8 BR$2,396Not available

Purchase Price Calculator

Maximum purchase price
$103,029

Cost breakdown

+Likely effective rent$1,110
HUD FMR$1,010
Market rent$1,180
Est. payment standard (110%)Used$1,110
-Principal and interest-$521
Loan amount$82,423
Down payment$20,606
Rate6.50%
Term30 years
-Operating costs-$389
Property taxes-$103
Insurance-$175
Utilities$0
HOA$0
Management-$111
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$18,075(87.7% ROI)
Projected value
$110,951
Return breakdown
Property appreciation+$7,922
Loan principal paid down+$2,953
Rental cash flow+$7,200
5-year hold
+$30,805(149.5% ROI)
Projected value
$116,568
Return breakdown
Property appreciation+$13,539
Loan principal paid down+$5,266
Rental cash flow+$12,000
10-year hold
+$65,405(317.4% ROI)
Projected value
$131,886
Return breakdown
Property appreciation+$28,857
Loan principal paid down+$12,548
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.69
1 BR
0.73
2 BR
0.86
3 BR
1.04
4 BR
1.02
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 47102 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 47102 (Austin, IN) is $1,010 a month. That is up 5.2% from $960 in FY 2026. Austin is in the Scott County, IN non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $1,047. Among 8 ZIP codes in Scott County, 47102 is tied for the 6th-highest two-bedroom rent (county range $1,010–$1,510). The median county two-bedroom FMR in Indiana is $1,086, so ZIP 47102 is 7% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 47102
BedroomsFY 2027Change90–110% range
Studio$760+5.6%$684–$836
1BR$780+6.8%$702–$858
2BR$1,010+5.2%$909–$1,111
3BR$1,310+3.1%$1,179–$1,441
4BR$1,370+7.0%$1,233–$1,507

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 47102
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$760$780$1,010$1,310$1,370
FY 2026$720$730$960$1,270$1,280
FY 2025$640$710$930$1,220$1,230
FY 2024area FMR$652$732$962$1,203$1,281
FY 2023area FMR$659$718$945$1,150$1,269

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Scott County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 47102
47102Current$1,010—
47126$1,0100.0%
47138$1,510+49.5%
47141$1,160+14.9%
47147$1,170+15.8%
47170$1,130+11.9%
47177$1,170+15.8%
47230$1,0100.0%

Questions about ZIP 47102 rents

How much will Section 8 pay for a two-bedroom in ZIP 47102?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,047, which applies unless the housing authority uses Small Area FMRs, that basic range is $942 to $1,152 a month; under the ZIP-level Small Area FMR of $1,010 it would be $909 to $1,111. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 47102 in?

ZIP 47102 is in the Scott County, IN non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,047.

How much did fair market rent change in ZIP 47102 for FY 2027?

The two-bedroom FMR rose 5.2%, from $960 in FY 2026 to $1,010 in FY 2027. Since FY 2025 it has risen 8.6%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentAustin, IN fair market rentIN statewide rentsWhat is SAFMR?Data sources