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Brown County/Helmsburg/47435

47435

ZIPSAFMR
Brown County, IN
Zillow
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$990$990
1 BR$1,110$1,110
2 BR$1,280$1,280
3 BR$1,650$1,650
4 BR$2,010$2,010
5 BR$2,312Not available
6 BR$2,658Not available
7 BR$3,057Not available
8 BR$3,516Not available

Purchase Price Calculator

Maximum purchase price
$128,291

Cost breakdown

+Likely effective rent$1,280
HUD FMRUsed$1,280
Market rentN/A
Est. payment standardN/A
-Principal and interest-$649
Loan amount$102,633
Down payment$25,658
Rate6.50%
Term30 years
-Operating costs-$431
Property taxes-$128
Insurance-$175
Utilities$0
HOA$0
Management-$128
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,741(80.8% ROI)
Projected value
$138,155
Return breakdown
Property appreciation+$9,864
Loan principal paid down+$3,677
Rental cash flow+$7,200
5-year hold
+$35,416(138.0% ROI)
Projected value
$145,149
Return breakdown
Property appreciation+$16,858
Loan principal paid down+$6,557
Rental cash flow+$12,000
10-year hold
+$75,557(294.5% ROI)
Projected value
$164,223
Return breakdown
Property appreciation+$35,932
Loan principal paid down+$15,625
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 47435 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 47435 (Helmsburg, IN) is $1,280 a month. That is up 0.8% from $1,270 in FY 2026. Helmsburg is in the Indianapolis-Carmel, IN HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 10 ZIP codes in Brown County, 47435 has the 5th-highest two-bedroom rent (county range $1,010–$1,560). The median county two-bedroom FMR in Indiana is $1,086, so ZIP 47435 is 18% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 47435
BedroomsFY 2027Change90–110% range
Studio$990+2.1%$891–$1,089
1BR$1,110+1.8%$999–$1,221
2BR$1,280+0.8%$1,152–$1,408
3BR$1,6500.0%$1,485–$1,815
4BR$2,0100.0%$1,809–$2,211

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 47435
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$990$1,110$1,280$1,650$2,010
FY 2026$970$1,090$1,270$1,650$2,010
FY 2025$890$1,040$1,220$1,590$1,920
FY 2024$850$990$1,170$1,530$1,840
FY 2023$700$810$960$1,260$1,510

Two-bedroom rent in nearby Brown County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 47435
46160$1,160−9.4%
46164$1,140−10.9%
46181$1,410+10.2%
47201$1,560+21.9%
47235$1,010−21.1%
47274$1,150−10.2%
47401$1,290+0.8%
47435Current$1,280—
47448$1,290+0.8%
47468$1,260−1.6%

Questions about ZIP 47435 rents

How much will Section 8 pay for a two-bedroom in ZIP 47435?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,280, that basic range is $1,152 to $1,408 a month. 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 47435 in?

ZIP 47435 is in the Indianapolis-Carmel, IN HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in ZIP 47435 for FY 2027?

The two-bedroom FMR rose 0.8%, from $1,270 in FY 2026 to $1,280 in FY 2027. Since FY 2023 it has risen 33.3%.

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