ZIP 46048 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 46048 in the Anderson, IN FMR area.

$1,440Efficiency
$1,4501 bedroom
$1,9002 bedrooms
$2,4903 bedrooms
$2,5004 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,440$1,296$1,584$1,011
1 bedroom$1,450$1,305$1,595$1,017
2 bedrooms$1,900$1,710$2,090$1,331
3 bedrooms$2,490$2,241$2,739$1,743
4 bedrooms$2,500$2,250$2,750$1,749

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

Income in ZIP 46048

$51,871average adjusted gross income per tax return (2022)
$46,722average salaries and wages per return
960tax returns filed
44%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00029.2%
$25,000 to $50,00028.1%
$50,000 to $75,00019.8%
$75,000 to $100,00011.5%
$100,000 to $200,00011.5%
$200,000 or more0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 18.8% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 46048?

HUD's FY2027 Small Area FMRs for ZIP 46048 (Anderson, IN) are $1,440 efficiency, $1,450 one bedroom, $1,900 two bedrooms, $2,490 three and $2,500 four bedrooms.

What payment standard can a housing authority set in ZIP 46048?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,710 to $2,090.

How affordable is rent in ZIP 46048?

Tax returns filed from ZIP 46048 reported an average adjusted gross income of $51,871 (2022). A two-bedroom unit at the Small Area FMR costs $22,800 a year, or 44% of that income.