ZIP 42232 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 42232 in the Clarksville, TN-KY FMR area.

$990Efficiency
$9901 bedroom
$1,2202 bedrooms
$1,6903 bedrooms
$2,0404 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$990$891$1,089$1,061
1 bedroom$990$891$1,089$1,068
2 bedrooms$1,220$1,098$1,342$1,307
3 bedrooms$1,690$1,521$1,859$1,786
4 bedrooms$2,040$1,836$2,244$2,185

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 42232

$70,205average adjusted gross income per tax return (2022)
$44,674average salaries and wages per return
390tax returns filed
21%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00025.6%
$25,000 to $50,00023.1%
$50,000 to $75,00017.9%
$75,000 to $100,00012.8%
$100,000 to $200,00020.5%
$200,000 or more0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 12.8% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 42232?

HUD's FY2027 Small Area FMRs for ZIP 42232 (Clarksville, TN-KY) are $990 efficiency, $990 one bedroom, $1,220 two bedrooms, $1,690 three and $2,040 four bedrooms.

What payment standard can a housing authority set in ZIP 42232?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,098 to $1,342.

How affordable is rent in ZIP 42232?

Tax returns filed from ZIP 42232 reported an average adjusted gross income of $70,205 (2022). A two-bedroom unit at the Small Area FMR costs $14,640 a year, or 21% of that income.