Location: Jackson County, IN | Metro: Washington County, IN HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,050 | $171,911 | 0.61% | D |
| 3BR | $1,310 | $263,135 | 0.5% | F |
U.S. Census Bureau data (2024)
The economics of Section 8 housing in ZIP code 47281, Vallonia, IN, within Washington County, hinge on the Specific Area Fair Market Rent (SAFMR) which is set at $980 for a two-bedroom unit for fiscal year 2024. This SAFMR is specifically tailored for this ZIP code, meaning it reflects the rental costs unique to this area.
A landlord participating in the Section 8 program receives a subsidy from the government to cover part of the rent. The voucher payment is calculated based on the SAFMR and the tenant's ability to pay. Typically, the tenant contributes approximately 30% of their adjusted income toward the rent, while the rest is covered by the voucher. For instance, if a tenant's monthly adjusted income is $1,600, they would contribute $480 towards the rent, leaving the remaining $490 to be covered by the voucher.
In addition to the base rent, the voucher also includes utility allowances. These allowances vary but generally provide a fixed amount per bedroom type to help cover electricity, gas, water, and other utilities. For a two-bedroom apartment, the utility allowance might be around $200, depending on local rates.
To illustrate, if the total SAFMR for a two-bedroom unit is $980, and the tenant contributes $480, the voucher would cover the difference of $500 plus an additional $200 for utilities, totaling $700 paid by the voucher program. This leaves a potential reimbursement gap for landlords, as the market rent for similar units is not provided, making it necessary to compare the SAFMR directly against your own rental rates.
Given the SAFMR of $980, if your local market rent is higher, you will experience a shortfall between the actual rent charged and the amount reimbursed by the voucher program. Conversely, if your local market rent is lower, the voucher program may result in a surplus. However, without specific market rent figures for Vallonia, IN, it's challenging to quantify this gap or surplus precisely.
In summary, for a two-bedroom unit in ZIP 47281, landlords can expect to receive a total of $980 per month from the combination of tenant contribution and voucher payment, including utility allowances. The exact reimbursement gap or surplus depends on the actual market rent in the area, which must be compared against this SAFMR to determine financial outcomes for landlords.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.