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View 2026 Section 8 rent amounts, estimated payment standard ranges, and local median rent comparisons by ZIP code in Spencer County, IN.
ZIP codes covered
18
2 bedroom rent range
$960 - $1,430
3 bedroom rent range
$1,200 - $1,990
Median rent ZIPs
13
The table below shows 2026 HUD Fair Market Rents for each zip code in Spencer County, IN. Local housing authorities use FMR data when setting Section 8 payment standards, but actual payment standards are set locally and may differ from the FMR.
| Zip Code | Studio | 1 Bed | 2 Bed | 3 Bed | 4 Bed |
|---|---|---|---|---|---|
| 47523 | $710 | $750 | $980 | $1330 | $1420 |
| 47531 | $800 | $870 | $1140 | $1530 | $1750 |
| 47532 | $740 | $790 | $1030 | $1440 | $1700 |
| 47537 | $710 | $740 | $960 | $1300 | $1370 |
| 47541 | $720 | $780 | $1010 | $1410 | $1690 |
| 47550 | $660 | $730 | $960 | $1340 | $1390 |
| 47552 | $730 | $790 | $1030 | $1410 | $1490 |
| 47556 | $660 | $730 | $960 | $1340 | $1390 |
| 47577 | $780 | $840 | $1100 | $1510 | $1780 |
| 47579 | $970 | $1070 | $1410 | $1960 | $2040 |
| 47588 | $840 | $910 | $1190 | $1550 | $1900 |
| 47601 | $780 | $790 | $1020 | $1260 | $1410 |
| 47611 | $730 | $790 | $1040 | $1410 | $1490 |
| 47615 | $790 | $880 | $1150 | $1600 | $1660 |
| 47617 | $660 | $730 | $960 | $1340 | $1390 |
| 47634 | $990 | $1090 | $1430 | $1990 | $2070 |
| 47635 | $660 | $730 | $960 | $1330 | $1380 |
| 47637 | $720 | $740 | $960 | $1200 | $1340 |
Zip Code:
47523
Studio Rent:
$710
1 Bedroom Rent:
$750
2 Bedroom Rent:
$980
3 Bedroom Rent:
$1330
4 Bedroom Rent:
$1420
Zip Code:
47531
Studio Rent:
$800
1 Bedroom Rent:
$870
2 Bedroom Rent:
$1140
3 Bedroom Rent:
$1530
4 Bedroom Rent:
$1750
Zip Code:
47532
Studio Rent:
$740
1 Bedroom Rent:
$790
2 Bedroom Rent:
$1030
3 Bedroom Rent:
$1440
4 Bedroom Rent:
$1700
Zip Code:
47537
Studio Rent:
$710
1 Bedroom Rent:
$740
2 Bedroom Rent:
$960
3 Bedroom Rent:
$1300
4 Bedroom Rent:
$1370
Zip Code:
47541
Studio Rent:
$720
1 Bedroom Rent:
$780
2 Bedroom Rent:
$1010
3 Bedroom Rent:
$1410
4 Bedroom Rent:
$1690
Zip Code:
47550
Studio Rent:
$660
1 Bedroom Rent:
$730
2 Bedroom Rent:
$960
3 Bedroom Rent:
$1340
4 Bedroom Rent:
$1390
Zip Code:
47552
Studio Rent:
$730
1 Bedroom Rent:
$790
2 Bedroom Rent:
$1030
3 Bedroom Rent:
$1410
4 Bedroom Rent:
$1490
Zip Code:
47556
Studio Rent:
$660
1 Bedroom Rent:
$730
2 Bedroom Rent:
$960
3 Bedroom Rent:
$1340
4 Bedroom Rent:
$1390
Zip Code:
47577
Studio Rent:
$780
1 Bedroom Rent:
$840
2 Bedroom Rent:
$1100
3 Bedroom Rent:
$1510
4 Bedroom Rent:
$1780
Zip Code:
47579
Studio Rent:
$970
1 Bedroom Rent:
$1070
2 Bedroom Rent:
$1410
3 Bedroom Rent:
$1960
4 Bedroom Rent:
$2040
Zip Code:
47588
Studio Rent:
$840
1 Bedroom Rent:
$910
2 Bedroom Rent:
$1190
3 Bedroom Rent:
$1550
4 Bedroom Rent:
$1900
Zip Code:
47601
Studio Rent:
$780
1 Bedroom Rent:
$790
2 Bedroom Rent:
$1020
3 Bedroom Rent:
$1260
4 Bedroom Rent:
$1410
Zip Code:
47611
Studio Rent:
$730
1 Bedroom Rent:
$790
2 Bedroom Rent:
$1040
3 Bedroom Rent:
$1410
4 Bedroom Rent:
$1490
Zip Code:
47615
Studio Rent:
$790
1 Bedroom Rent:
$880
2 Bedroom Rent:
$1150
3 Bedroom Rent:
$1600
4 Bedroom Rent:
$1660
Zip Code:
47617
Studio Rent:
$660
1 Bedroom Rent:
$730
2 Bedroom Rent:
$960
3 Bedroom Rent:
$1340
4 Bedroom Rent:
$1390
Zip Code:
47634
Studio Rent:
$990
1 Bedroom Rent:
$1090
2 Bedroom Rent:
$1430
3 Bedroom Rent:
$1990
4 Bedroom Rent:
$2070
Zip Code:
47635
Studio Rent:
$660
1 Bedroom Rent:
$730
2 Bedroom Rent:
$960
3 Bedroom Rent:
$1330
4 Bedroom Rent:
$1380
Zip Code:
47637
Studio Rent:
$720
1 Bedroom Rent:
$740
2 Bedroom Rent:
$960
3 Bedroom Rent:
$1200
4 Bedroom Rent:
$1340
Local housing authorities commonly set payment standards around 90% to 110% of HUD Fair Market Rent, with exceptions possible. The ranges below are estimates based on HUD FMR data, not official local PHA payment standards.
| Zip Code | Studio | 1 Bed | 2 Bed | 3 Bed | 4 Bed |
|---|---|---|---|---|---|
| 47523 | $639 - $781 | $675 - $825 | $882 - $1,078 | $1,197 - $1,463 | $1,278 - $1,562 |
| 47531 | $720 - $880 | $783 - $957 | $1,026 - $1,254 | $1,377 - $1,683 | $1,575 - $1,925 |
| 47532 | $666 - $814 | $711 - $869 | $927 - $1,133 | $1,296 - $1,584 | $1,530 - $1,870 |
| 47537 | $639 - $781 | $666 - $814 | $864 - $1,056 | $1,170 - $1,430 | $1,233 - $1,507 |
| 47541 | $648 - $792 | $702 - $858 | $909 - $1,111 | $1,269 - $1,551 | $1,521 - $1,859 |
| 47550 | $594 - $726 | $657 - $803 | $864 - $1,056 | $1,206 - $1,474 | $1,251 - $1,529 |
| 47552 | $657 - $803 | $711 - $869 | $927 - $1,133 | $1,269 - $1,551 | $1,341 - $1,639 |
| 47556 | $594 - $726 | $657 - $803 | $864 - $1,056 | $1,206 - $1,474 | $1,251 - $1,529 |
| 47577 | $702 - $858 | $756 - $924 | $990 - $1,210 | $1,359 - $1,661 | $1,602 - $1,958 |
| 47579 | $873 - $1,067 | $963 - $1,177 | $1,269 - $1,551 | $1,764 - $2,156 | $1,836 - $2,244 |
| 47588 | $756 - $924 | $819 - $1,001 | $1,071 - $1,309 | $1,395 - $1,705 | $1,710 - $2,090 |
| 47601 | $702 - $858 | $711 - $869 | $918 - $1,122 | $1,134 - $1,386 | $1,269 - $1,551 |
| 47611 | $657 - $803 | $711 - $869 | $936 - $1,144 | $1,269 - $1,551 | $1,341 - $1,639 |
| 47615 | $711 - $869 | $792 - $968 | $1,035 - $1,265 | $1,440 - $1,760 | $1,494 - $1,826 |
| 47617 | $594 - $726 | $657 - $803 | $864 - $1,056 | $1,206 - $1,474 | $1,251 - $1,529 |
| 47634 | $891 - $1,089 | $981 - $1,199 | $1,287 - $1,573 | $1,791 - $2,189 | $1,863 - $2,277 |
| 47635 | $594 - $726 | $657 - $803 | $864 - $1,056 | $1,197 - $1,463 | $1,242 - $1,518 |
| 47637 | $648 - $792 | $666 - $814 | $864 - $1,056 | $1,080 - $1,320 | $1,206 - $1,474 |
This comparison uses Census ACS 2024 5-year median gross rent data by ZIP Code Tabulation Area. The table defaults to 2-bedroom and 3-bedroom units because those are the most common investor and landlord comparisons.
| Zip Code | 2 Bed Section 8 | 2 Bed Median Rent | 2 Bed Difference | 3 Bed Section 8 | 3 Bed Median Rent | 3 Bed Difference |
|---|---|---|---|---|---|---|
| 47523 | $980 | $901 | +$79 (+9%) | $1,330 | $1,188 | +$142 (+12%) |
| 47532 | $1,030 | $906 | +$124 (+14%) | $1,440 | $1,049 | +$391 (+37%) |
| 47537 | $960 | $636 | +$324 (+51%) | $1,300 | N/A | N/A |
| 47541 | $1,010 | N/A | N/A | $1,410 | N/A | N/A |
| 47577 | $1,100 | N/A | N/A | $1,510 | N/A | N/A |
| 47579 | $1,410 | $1,130 | +$280 (+25%) | $1,960 | $1,417 | +$543 (+38%) |
| 47588 | $1,190 | $1,028 | +$162 (+16%) | $1,550 | $917 | +$633 (+69%) |
| 47601 | $1,020 | $899 | +$121 (+13%) | $1,260 | $983 | +$277 (+28%) |
| 47611 | $1,040 | $1,014 | +$26 (+3%) | $1,410 | N/A | N/A |
| 47615 | $1,150 | $829 | +$321 (+39%) | $1,600 | $1,063 | +$537 (+51%) |
| 47634 | $1,430 | $838 | +$592 (+71%) | $1,990 | $1,684 | +$306 (+18%) |
| 47635 | $960 | $696 | +$264 (+38%) | $1,330 | $931 | +$399 (+43%) |
| 47637 | $960 | $853 | +$107 (+13%) | $1,200 | N/A | N/A |
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