How much does Section 8 pay for a 2-bedroom in ZIP 47124?

For ZIP 47124 in Floyd County, IN, the FY2026 two-bedroom Small Area Fair Market Rent is $1,380 per month. Local housing authorities set the Section 8 payment standard between 90% and 110% of that, roughly $1,240 to $1,520 before the tenant's utility allowance.

What are the FY2026 Section 8 rent limits for ZIP 47124?

HUD's FY2026 Small Area Fair Market Rent for ZIP 47124, by bedroom size: studio $1,050, 1-bedroom $1,140, 2-bedroom $1,380, 3-bedroom $1,760, 4-bedroom $2,050. In SAFMR metros the ZIP-level figure, not the county average, is what applies to an address here.

Which housing authority covers ZIP 47124?

Vouchers for Floyd County are administered by Housing Authority of the City of New Albany. The authority whose jurisdiction covers ZIP 47124 handles the application, the waitlist, the HAP contract, and the unit inspection.

Section 8 Rent in ZIP 47124

FY2026 Small Area Fair Market Rent for ZIP 47124 in Floyd County, Indiana: the exact per-bedroom rents HUD publishes for this ZIP, the estimated payment-standard range, the housing authorities that administer vouchers here, and whether a landlord can legally decline a voucher in Indiana.

Studio

$1,050

1 BR

$1,140

2 BR

$1,380

3 BR

$1,760

4 BR

$2,050

Estimated payment standard range (2 BR)

Local PHAs set payment standards between 90% and 110% of FMR. Exact figures vary by PHA. The numbers below are the modeled range.

Low (90%)

$1,240

FMR (100%)

$1,380

High (110%)

$1,520

Gross rent before the tenant utility allowance. The PHA's published payment standard is the number that actually applies; verify with the PHA before signing a lease or HAP contract.

ZIP vs county FMR (2 BR)

ZIP 47124 at $1,380 is $108 higher than the Floyd County county-wide 2 BR FMR of $1,272. In SAFMR metros the ZIP number is what actually applies to an address here, so a voucher stretches further in this ZIP than the county average suggests.

Can a landlord refuse Section 8 in ZIP 47124?

Yes. Indiana law blocks local governments from requiring voucher acceptance, so landlords in ZIP 47124 can legally decline Section 8 applicants. Listing on a voucher-friendly marketplace is the fastest way to find the landlords who do accept.

Indiana preempts local SOI protections. No statewide law. Landlords can refuse vouchers.

Informational only, not legal advice. Laws change, so verify current status before acting on a rejection or making a leasing decision.

Housing authorities serving Floyd County

Housing Authority of the City of New Albany
New Albany · PHA code IN012
860 Section 8 units

The PHA whose jurisdiction covers ZIP 47124 handles the application, the HAP contract, and the unit inspection.

Frequently asked questions

How much does Section 8 pay for a 2-bedroom in ZIP 47124?: For ZIP 47124 in Floyd County, IN, the FY2026 two-bedroom Small Area Fair Market Rent is $1,380 per month. Local housing authorities set the Section 8 payment standard between 90% and 110% of that, roughly $1,240 to $1,520 before the tenant's utility allowance.
What are the FY2026 Section 8 rent limits for ZIP 47124?: HUD's FY2026 Small Area Fair Market Rent for ZIP 47124, by bedroom size: studio $1,050, 1-bedroom $1,140, 2-bedroom $1,380, 3-bedroom $1,760, 4-bedroom $2,050. In SAFMR metros the ZIP-level figure, not the county average, is what applies to an address here.
Which housing authority covers ZIP 47124?: Vouchers for Floyd County are administered by Housing Authority of the City of New Albany. The authority whose jurisdiction covers ZIP 47124 handles the application, the waitlist, the HAP contract, and the unit inspection.

Find Section 8 apartments in ZIP 47124

VoucherMatch connects voucher holders with landlords who accept Section 8, and it is free for renters. Landlords: listings here reach applicants whose voucher already covers the rent above.

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Floyd County overview All of Indiana

SAFMR data published by HUD for FY2026. ZIP 47124 maps to Floyd County, IN · FIPS 18043. Investors can run these numbers in the RentalCalcs voucher analyzer.