47869

ZIPSAFMR

Vigo County, IN

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$910	$910	9.1%
1 BR	$920	$920	5.7%
2 BR	$1,190	$1,190	5.6%
3 BR	$1,420	$1,420	5.2%
4 BR	$1,880	$1,880	11.1%
5 BR	$2,162	Not available	11.1%
6 BR	$2,486	Not available	11.1%
7 BR	$2,859	Not available	11.1%
8 BR	$3,288	Not available	11.1%

Purchase Price Calculator

Maximum purchase price

$114,917

Cost breakdown

+Likely effective rent$1,190

HUD FMRUsed$1,190

Market rentN/A

Est. payment standardN/A

-Principal and interest-$581

Loan amount$91,934

Down payment$22,983

Rate6.50%

Term30 years

-Operating costs-$409

Property taxes-$115

Insurance-$175

Utilities$0

HOA$0

Management-$119

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$19,330(84.1% ROI)

Projected value

$123,753

Return breakdown

Property appreciation+$8,836

Loan principal paid down+$3,294

Rental cash flow+$7,200

5-year hold

+$32,975(143.5% ROI)

Projected value

$130,018

Return breakdown

Property appreciation+$15,101

Loan principal paid down+$5,874

Rental cash flow+$12,000

10-year hold

+$70,182(305.4% ROI)

Projected value

$147,103

Return breakdown

Property appreciation+$32,186

Loan principal paid down+$13,996

Rental cash flow+$24,000

Public Housing Authority

Rolodex

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: --
Tax rate: --
Mortgage rate: --

ZIP 47869 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 47869 (Prairie Creek, IN) is $1,190 a month. That is down 7.0% from $1,280 in FY 2026. Prairie Creek is in the Terre Haute, IN HUD Metro 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 metro-wide two-bedroom FMR of $1,164. Among 23 ZIP codes in Vigo County, 47869 is tied for the 6th-highest two-bedroom rent (county range $1,010–$1,370). The median county two-bedroom FMR in Indiana is $1,086, so ZIP 47869 is 10% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 47869
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$960	$910	−5.2%	$819–$1,001
1BR	$990	$920	−7.1%	$828–$1,012
2BR	$1,280	$1,190	−7.0%	$1,071–$1,309
3BR	$1,560	$1,420	−9.0%	$1,278–$1,562
4BR	$2,080	$1,880	−9.6%	$1,692–$2,068

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 47869
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$910	$920	$1,190	$1,420	$1,880
FY 2026	$960	$990	$1,280	$1,560	$2,080
FY 2025	$770	$850	$1,100	$1,330	$1,690
FY 2024	$700	$780	$1,010	$1,220	$1,370
FY 2023	$560	$630	$830	$1,010	$1,200

Two-bedroom rent in nearby Vigo County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 47869
47851	$1,190	0.0%
47858	$1,060	−10.9%
47863	$1,010	−15.1%
47866	$1,260	+5.9%
47869Current	$1,190	—
47870	$1,190	0.0%
47871	$1,240	+4.2%
47874	$1,010	−15.1%
47876	$1,010	−15.1%
47878	$1,190	0.0%
47880	$1,040	−12.6%
47885	$1,010	−15.1%

Questions about ZIP 47869 rents

How much will Section 8 pay for a two-bedroom in ZIP 47869?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,164, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,048 to $1,280 a month; under the ZIP-level Small Area FMR of $1,190 it would be $1,071 to $1,309. 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 47869 in?

ZIP 47869 is in the Terre Haute, IN HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,164.

How much did fair market rent change in ZIP 47869 for FY 2027?

The two-bedroom FMR fell 7.0%, from $1,280 in FY 2026 to $1,190 in FY 2027. Since FY 2023 it has risen 43.4%.

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 rent Prairie Creek, IN fair market rent IN statewide rents What is SAFMR?Data sources