47805
ZIPSAFMR
Vigo County, IN
BRFMR
Eff. Rent
0 BR$800$780
1 BR$810$860
2 BR$1,020$980
3 BR$1,220$1,290
4 BR$1,430$1,450
5 BR$1,644
6 BR$1,891
7 BR$2,175
8 BR$2,501

Purchase Price Calculator

Maximum purchase price
$83,711

Cost breakdown

+Likely effective rent$980
HUD FMR$1,020
Market rentUsed$980
Est. payment standard (97%)$990
Market rent is below the inferred standard ($990, 97% of FMR).
-Principal and interest-$423
Loan amount$66,969
Down payment$16,742
Rate6.50%
Term30 years
-Operating costs-$357
Property taxes-$84
Insurance-$175
Utilities$0
HOA$0
Management-$98
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,036(95.8% ROI)
Projected value
$90,148
Current value$83,711
Return breakdown
Property appreciation+$6,437
Loan principal paid down+$2,399
Rental cash flow+$7,200
5-year hold
+$27,279(162.9% ROI)
Projected value
$94,711
Current value$83,711
Return breakdown
Property appreciation+$11,000
Loan principal paid down+$4,279
Rental cash flow+$12,000
10-year hold
+$57,641(344.3% ROI)
Projected value
$107,157
Current value$83,711
Return breakdown
Property appreciation+$23,446
Loan principal paid down+$10,195
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.

Studio
Studio
1.03ratio
FMR$800
Market$780
vs market+$20

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

90% standard$720 / 0.92 ratio110% standard$880 / 1.13 ratio
1.03
1 BR
1 BR
0.92ratio
FMR$810
Market$880
vs market-$70

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

90% standard$729 / 0.83 ratio110% standard$891 / 1.01 ratio
0.92
2 BR
2 BR
1.04ratio
FMR$1,020
Market$980
vs market+$40

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

90% standard$918 / 0.94 ratio110% standard$1,122 / 1.14 ratio
1.04
3 BR
3 BR
0.92ratio
FMR$1,220
Market$1,330
vs market-$110

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

90% standard$1,098 / 0.83 ratio110% standard$1,342 / 1.01 ratio
0.92
4 BR
4 BR
0.98ratio
FMR$1,430
Market$1,460
vs market-$30

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

90% standard$1,287 / 0.88 ratio110% standard$1,573 / 1.08 ratio
0.98
0.700.800.901.001.101.201.30aligned range

Voucher rents are well-aligned with market rents across all bedroom 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 47805 (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.

47805 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 47805 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,020 and the 4 bedroom fair market rent is $1,430.

Use this page for searches like 47805 FMR, 47805 fair market rent, and 47805 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 47805
Bedroom sizeHUD FMR
Studio$800
1 bedroom$810
2 bedroom$1,020
3 bedroom$1,220
4 bedroom$1,430