ZIP 47924 Fair Market Rent FY2027
Small Area Fair Market Rents for ZIP code 47924 in the Lafayette-West Lafayette, IN FMR area.
$980Efficiency
$1,1101 bedroom
$1,3202 bedrooms
$1,5703 bedrooms
$2,2104 bedrooms
Payment standard range
| Unit size | SAFMR | 90% | 110% | Metro FMR |
|---|---|---|---|---|
| Efficiency | $980 | $882 | $1,078 | $942 |
| 1 bedroom | $1,110 | $999 | $1,221 | $1,070 |
| 2 bedrooms | $1,320 | $1,188 | $1,452 | $1,273 |
| 3 bedrooms | $1,570 | $1,413 | $1,727 | $1,517 |
| 4 bedrooms | $2,210 | $1,989 | $2,431 | $2,128 |
Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.
Questions and answers
What is the Small Area Fair Market Rent for ZIP code 47924?
HUD's FY2027 Small Area FMRs for ZIP 47924 (Lafayette-West Lafayette, IN) are $980 efficiency, $1,110 one bedroom, $1,320 two bedrooms, $1,570 three and $2,210 four bedrooms.
What payment standard can a housing authority set in ZIP 47924?
Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,188 to $1,452.