Rent by ZIP · Ripley County
Rent in Milan, IN 47031
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,180 (+3.5% vs FY2026). Renters in this ZIP code pay a median $755 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $880 | $790 | +11.4% | $792–968 | – |
| 1 bedroom | $900 | $870 | +3.4% | $810–990 | $607 ±$95 |
| 2 bedrooms | $1,180 | $1,140 | +3.5% | $1,062–1,298 | $943 ±$31 |
| 3 bedrooms | $1,530 | $1,500 | +2% | $1,377–1,683 | – |
| 4 bedrooms | $1,570 | $1,520 | +3.3% | $1,413–1,727 | – |
Small Area FMRs for the Ripley County, IN. This ZIP code is in more than one HUD area; figures are for the main one. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Ripley County, IN, 2 bedrooms: $1,053.
What renters pay in 47031
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 47030 | Metamora | $1,180 | – |
| 47032 | Moores Hill | $1,400 | $1,596 |
| 47034 | Napoleon | $1,070 | – |
| 47036 | Oldenburg | $1,180 | $858 |
| 47025 | Lawrenceburg | $1,200 | $913 |
| 47037 | Osgood | $1,040 | $883 |
Fair Market Rents across Ripley County, IN · All IN counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.