Rent by ZIP · Spencer County
Rent in Troy, IN 47588
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,240 (+4.2% vs FY2026). Renters in this ZIP code pay a median $939 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $910 | $840 | +8.3% | $819–1,001 | – |
| 1 bedroom | $950 | $910 | +4.4% | $855–1,045 | – |
| 2 bedrooms | $1,240 | $1,190 | +4.2% | $1,116–1,364 | $1,028 ±$456 |
| 3 bedrooms | $1,570 | $1,550 | +1.3% | $1,413–1,727 | $917 ±$320 |
| 4 bedrooms | $1,970 | $1,900 | +3.7% | $1,773–2,167 | – |
Small Area FMRs for the Spencer 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 Spencer County, IN, 2 bedrooms: $1,014.
What renters pay in 47588
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 |
|---|---|---|---|
| 47586 | Tell City | $1,010 | $810 |
| 47590 | Velpen | $1,080 | – |
| 47585 | Stendal | $1,070 | – |
| 47591 | Vincennes | $1,030 | $854 |
| 47584 | Spurgeon | $1,160 | – |
| 47581 | Shoals | $1,190 | $866 |
Fair Market Rents across Spencer 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.