ZIP 46039 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 46039 in the Tipton County, IN FMR area.

Tipton County, IN

$890Efficiency

$9001 bedroom

$1,1302 bedrooms

$1,4303 bedrooms

$1,5604 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$890	$801	$979	$941
1 bedroom	$900	$810	$990	$947
2 bedrooms	$1,130	$1,017	$1,243	$1,239
3 bedrooms	$1,430	$1,287	$1,573	$1,476
4 bedrooms	$1,560	$1,404	$1,716	$1,628

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

Kokomo, IN MSA

$890Efficiency

$9001 bedroom

$1,1302 bedrooms

$1,4303 bedrooms

$1,5604 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$890	$801	$979	$909
1 bedroom	$900	$810	$990	$915
2 bedrooms	$1,130	$1,017	$1,243	$1,179
3 bedrooms	$1,430	$1,287	$1,573	$1,420
4 bedrooms	$1,560	$1,404	$1,716	$1,636

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

Clinton County, IN

$890Efficiency

$9001 bedroom

$1,1302 bedrooms

$1,4303 bedrooms

$1,5604 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$890	$801	$979	$850
1 bedroom	$900	$810	$990	$855
2 bedrooms	$1,130	$1,017	$1,243	$1,063
3 bedrooms	$1,430	$1,287	$1,573	$1,416
4 bedrooms	$1,560	$1,404	$1,716	$1,445

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

Income in ZIP 46039

$65,641average adjusted gross income per tax return (2022)

$44,735average salaries and wages per return

340tax returns filed

21%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	26.5%
$25,000 to $50,000	23.5%
$50,000 to $75,000	17.6%
$75,000 to $100,000	11.8%
$100,000 to $200,000	20.6%
$200,000 or more	0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 11.8% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 46039?

HUD's FY2027 Small Area FMRs for ZIP 46039 (Tipton County, IN) are $890 efficiency, $900 one bedroom, $1,130 two bedrooms, $1,430 three and $1,560 four bedrooms.

What payment standard can a housing authority set in ZIP 46039?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,017 to $1,243.

How affordable is rent in ZIP 46039?

Tax returns filed from ZIP 46039 reported an average adjusted gross income of $65,641 (2022). A two-bedroom unit at the Small Area FMR costs $13,560 a year, or 21% of that income.