Posey County, IN: Fair Market Rent 2027 and Income Limits

Official HUD figures for landlords and renters, effective October 1, 2026 (rents) and May 1, 2026 (income limits).

$1,1272-bedroom FMR, FY2027

$8721-bedroom FMR, FY2027

$74,40080% income limit, family of 4 (FY2026)

$93,000Median family income (FY2026)

The FY2027 Fair Market Rent for a two-bedroom unit in Posey County is $1,127 a month, up 1.3% from $1,113 in FY2026. Posey County belongs to the Evansville, IN MSA FMR area, so the same figures apply across that area. FMRs are gross rents: rent plus all tenant-paid utilities except phone, cable and internet.

Fair market rent in Posey County by bedroom count

Unit size	FY2027 FMR	FY2026 FMR	Change	Payment standard range (90–110%)
Studio	$866	$853	+1.5%	$780 – $952
1 bedroom	$872	$860	+1.4%	$785 – $959
2 bedrooms	$1,127	$1,113	+1.3%	$1,015 – $1,239
3 bedrooms	$1,387	$1,370	+1.2%	$1,249 – $1,525
4 bedrooms	$1,534	$1,539	−0.3%	$1,381 – $1,687

Source: HUD Fair Market Rents FY2027 (effective October 1, 2026) and FY2026 (revised file), details.

What can a landlord charge a Section 8 tenant here?

The FMR is not a cap on what you can ask on the open market. For a Housing Choice Voucher tenant, the local housing authority sets a payment standard, normally between 90% and 110% of the FMR (or of the ZIP-level Small Area FMR where those apply). For a two-bedroom unit in Posey County that is typically $1,015 to $1,239 including utilities. You can charge more than the payment standard if the rent passes the housing authority's rent-reasonableness test and, at move-in, the tenant's share stays within 40% of their adjusted monthly income. Ask the housing authority for its current payment standard schedule.

Can local renters afford the fair market rent?

$36,875median income of renter households

$782Median gross rent, all units

25%Rent-to-income ratio (median rent ÷ median renter income)

41%of renter households pay 30% or more of income on rent

At the 30% rule, a renter household earning the local median of $36,875 can afford about $922 a month including utilities. The FY2027 two-bedroom Fair Market Rent of $1,127 is $205 (22.3%) more than that. To rent a two-bedroom at the FMR, a household needs $45,080 a year under the 30% rule, or $40,572 under the common landlord rule that income must be three times the rent.

Posey County, ACS 2020–2024	Estimate ± MOE
Median gross rent (rent + utilities)	$782 ±$86
Median income of renter households	$36,875 ±$8,317
Renters paying 30% or more of income (cost-burdened)	40.5% ±7.6
Renters paying 50% or more (severely cost-burdened)	26.6% ±7.2
Renter households (where the share can be computed)	1,587

Change since 2015–2019

	ACS 2015–2019	ACS 2020–2024	Change
Median gross rent	$688	$782	+13.7%
Median renter household income	$26,455	$36,875	+39.4%
Renters paying 30%+ of income	43.2%	40.5%	−2.7 pts

Rent-to-income calculator: does an applicant qualify? → · Most affordable counties to rent in this state →

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates 2020–2024 and 2015–2019 (tables B25064, B25119, B25070). ± = margin of error at 90% confidence. Dollar figures are not adjusted for inflation.

Small Area FMRs by ZIP code (FY2027)

In metro areas HUD also publishes ZIP-level Small Area Fair Market Rents. Housing authorities in designated areas must use them for voucher payment standards; others may opt in. Here the two-bedroom SAFMR ranges from $1,010 to $1,650 depending on the ZIP code.

All 49 ZIP codes in this FMR area

ZIP	0 BR	1 BR	2 BR	3 BR	4 BR
47523	$770	$810	$1,050	$1,370	$1,450
47537	$770	$780	$1,010	$1,340	$1,390
47541	$810	$820	$1,070	$1,410	$1,720
47601	$780	$780	$1,010	$1,250	$1,390
47610	$820	$830	$1,070	$1,320	$1,460
47612	$780	$780	$1,010	$1,250	$1,390
47613	$900	$910	$1,170	$1,440	$1,600
47616	$770	$780	$1,010	$1,350	$1,480
47618	$880	$880	$1,140	$1,400	$1,550
47619	$780	$780	$1,010	$1,250	$1,390
47620	$780	$780	$1,010	$1,250	$1,390
47629	$900	$910	$1,170	$1,440	$1,590
47630	$990	$1,000	$1,290	$1,590	$1,760
47631	$800	$800	$1,040	$1,280	$1,420
47633	$780	$780	$1,010	$1,250	$1,390
47637	$770	$780	$1,010	$1,280	$1,390
47638	$800	$800	$1,040	$1,290	$1,420
47639	$800	$800	$1,050	$1,320	$1,470
47660	$810	$820	$1,070	$1,350	$1,500
47701	$880	$880	$1,140	$1,400	$1,550
47702	$880	$880	$1,140	$1,400	$1,550
47703	$880	$880	$1,140	$1,400	$1,550
47704	$880	$880	$1,140	$1,400	$1,550
47705	$880	$880	$1,140	$1,400	$1,550
47706	$880	$880	$1,140	$1,400	$1,550
47708	$1,010	$1,020	$1,320	$1,620	$1,800
47710	$820	$830	$1,070	$1,320	$1,460
47711	$880	$880	$1,140	$1,400	$1,550
47712	$840	$840	$1,090	$1,340	$1,480
47713	$850	$860	$1,110	$1,370	$1,510
47714	$910	$910	$1,180	$1,450	$1,610
47715	$980	$980	$1,270	$1,560	$1,730
47716	$880	$880	$1,140	$1,400	$1,550
47719	$880	$880	$1,140	$1,400	$1,550
47720	$920	$930	$1,200	$1,480	$1,630
47721	$880	$880	$1,140	$1,400	$1,550
47724	$880	$880	$1,140	$1,400	$1,550
47725	$1,270	$1,280	$1,650	$2,030	$2,250
47728	$880	$880	$1,140	$1,400	$1,550
47730	$880	$880	$1,140	$1,400	$1,550
47731	$880	$880	$1,140	$1,400	$1,550
47732	$880	$880	$1,140	$1,400	$1,550
47733	$880	$880	$1,140	$1,400	$1,550
47734	$880	$880	$1,140	$1,400	$1,550
47735	$880	$880	$1,140	$1,400	$1,550
47736	$880	$880	$1,140	$1,400	$1,550
47737	$880	$880	$1,140	$1,400	$1,550
47747	$880	$880	$1,140	$1,400	$1,550
47750	$880	$880	$1,140	$1,400	$1,550

Source: HUD FY2027 Small Area FMRs (effective October 1, 2026).

HUD income limits for Posey County (FY2026)

Income limits decide who qualifies for Section 8 vouchers, public housing and most HUD-assisted units. The area median family income is $93,000 (FY2025: $93,900, −1.0%). Small figures under each limit show the change from FY2025.

Household size	1 person	2 people	3 people	4 people	5 people	6 people	7 people	8 people
Extremely low income (30%)	$19,550 +2.6%	$22,350 +2.5%	$27,320 +2.5%	$33,000 +2.6%	$38,680 +2.7%	$44,360 +2.8%	$50,040 +2.9%	$55,720 +2.9%
Very low income (50%)	$32,550 +2.5%	$37,200 +2.6%	$41,850 +2.7%	$46,500 +2.6%	$50,250 +2.7%	$53,950 +2.7%	$57,700 +2.7%	$61,400 +2.7%
Low income (80%)	$52,100 +2.7%	$59,550 +2.7%	$67,000 +2.7%	$74,400 +2.6%	$80,400 +2.7%	$86,350 +2.7%	$92,300 +2.7%	$98,250 +2.7%

The 30% limit is HUD's “extremely low income” limit: the higher of 30% of median income or the federal poverty guideline, but never above the 50% limit. That is why it can rise faster than 30% of median for larger households. Tax-credit (LIHTC) properties use separate Multifamily Tax Subsidy Project limits.

Source: HUD Section 8 Income Limits FY2026 (effective May 1, 2026) and FY2025, details.