47390
ZIPSAFMR
Randolph County, IN
BRFMR
Eff. Rent
0 BR$680$680
1 BR$830$760
2 BR$960$760
3 BR$1,260$810
4 BR$1,270$890
5 BR$1,461
6 BR$1,680
7 BR$1,932
8 BR$2,221

Purchase Price Calculator

Maximum purchase price
$51,019

Cost breakdown

+Likely effective rent$760
HUD FMR$960
Market rentUsed$760
Est. payment standard (90%)$860
Market rent is below the inferred standard ($860, 90% of FMR).
-Principal and interest-$258
Loan amount$40,815
Down payment$10,204
Rate6.50%
Term30 years
-Operating costs-$302
Property taxes-$51
Insurance-$175
Utilities$0
HOA$0
Management-$76
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$12,585(123.3% ROI)
Projected value
$54,942
Current value$51,019
Return breakdown
Property appreciation+$3,923
Loan principal paid down+$1,462
Rental cash flow+$7,200
5-year hold
+$21,312(208.9% ROI)
Projected value
$57,724
Current value$51,019
Return breakdown
Property appreciation+$6,704
Loan principal paid down+$2,608
Rental cash flow+$12,000
10-year hold
+$44,503(436.1% ROI)
Projected value
$65,309
Current value$51,019
Return breakdown
Property appreciation+$14,290
Loan principal paid down+$6,214
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

1 BR
1 BR
1.09ratio
FMR$830
Market$760
vs market+$70

FMR is near market; voucher and private rents are aligned.

90% standard$747 / 0.98 ratio110% standard$913 / 1.20 ratio
1.09
2 BR
2 BR
1.26ratio
FMR$960
Market$760
vs market+$200

FMR is above market; underwrite to market rent.

90% standard$864 / 1.14 ratio110% standard$1,056 / 1.39 ratio
1.26
3 BR
3 BR
1.56ratio
FMR$1,260
Market$810
vs market+$450

FMR is above market; underwrite to market rent.

1.56
4 BR
4 BR
1.43ratio
FMR$1,270
Market$890
vs market+$380

FMR is above market; underwrite to market rent.

90% standard$1,143 / 1.28 ratio110% standard$1,397 / 1.57 ratio
1.43
0.700.800.901.001.101.201.30aligned range

HUD benchmarks exceed market rents for larger unit sizes.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 47390 (IN) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

47390 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 47390 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $960 and the 4 bedroom fair market rent is $1,270.

Use this page for searches like 47390 FMR, 47390 fair market rent, and 47390 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for 47390
Bedroom sizeHUD FMR
Studio$680
1 bedroom$830
2 bedroom$960
3 bedroom$1,260
4 bedroom$1,270