ZIP 46040 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 46040 in the Anderson, IN FMR area.

Anderson, IN

$1,250Efficiency

$1,4101 bedroom

$1,6202 bedrooms

$2,1103 bedrooms

$2,5504 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$1,250	$1,125	$1,375	$1,011
1 bedroom	$1,410	$1,269	$1,551	$1,017
2 bedrooms	$1,620	$1,458	$1,782	$1,331
3 bedrooms	$2,110	$1,899	$2,321	$1,743
4 bedrooms	$2,550	$2,295	$2,805	$1,749

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

Indianapolis-Carmel, IN

$1,250Efficiency

$1,4101 bedroom

$1,6202 bedrooms

$2,1103 bedrooms

$2,5504 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$1,250	$1,125	$1,375	$1,187
1 bedroom	$1,410	$1,269	$1,551	$1,336
2 bedrooms	$1,620	$1,458	$1,782	$1,536
3 bedrooms	$2,110	$1,899	$2,321	$1,991
4 bedrooms	$2,550	$2,295	$2,805	$2,425

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

Income in ZIP 46040

$152,105average adjusted gross income per tax return (2022)

$107,962average salaries and wages per return

8,250tax returns filed

13%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	23.8%
$25,000 to $50,000	14.5%
$50,000 to $75,000	10.5%
$75,000 to $100,000	8.2%
$100,000 to $200,000	22.2%
$200,000 or more	20.7%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 7.4% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 46040?

HUD's FY2027 Small Area FMRs for ZIP 46040 (Anderson, IN) are $1,250 efficiency, $1,410 one bedroom, $1,620 two bedrooms, $2,110 three and $2,550 four bedrooms.

What payment standard can a housing authority set in ZIP 46040?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,458 to $1,782.

How affordable is rent in ZIP 46040?

Tax returns filed from ZIP 46040 reported an average adjusted gross income of $152,105 (2022). A two-bedroom unit at the Small Area FMR costs $19,440 a year, or 13% of that income.