ZIP 46049 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 46049 in the Indianapolis-Carmel, IN FMR area.

Indianapolis-Carmel, IN

$900Efficiency

$1,0601 bedroom

$1,2402 bedrooms

$1,6203 bedrooms

$1,9504 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$900	$810	$990	$1,187
1 bedroom	$1,060	$954	$1,166	$1,336
2 bedrooms	$1,240	$1,116	$1,364	$1,536
3 bedrooms	$1,620	$1,458	$1,782	$1,991
4 bedrooms	$1,950	$1,755	$2,145	$2,425

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

Tipton County, IN

$900Efficiency

$1,0601 bedroom

$1,2402 bedrooms

$1,6203 bedrooms

$1,9504 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$900	$810	$990	$941
1 bedroom	$1,060	$954	$1,166	$947
2 bedrooms	$1,240	$1,116	$1,364	$1,239
3 bedrooms	$1,620	$1,458	$1,782	$1,476
4 bedrooms	$1,950	$1,755	$2,145	$1,628

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

Clinton County, IN

$900Efficiency

$1,0601 bedroom

$1,2402 bedrooms

$1,6203 bedrooms

$1,9504 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$900	$810	$990	$850
1 bedroom	$1,060	$954	$1,166	$855
2 bedrooms	$1,240	$1,116	$1,364	$1,063
3 bedrooms	$1,620	$1,458	$1,782	$1,416
4 bedrooms	$1,950	$1,755	$2,145	$1,445

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

Income in ZIP 46049

$66,928average adjusted gross income per tax return (2022)

$46,656average salaries and wages per return

390tax returns filed

22%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	28.2%
$25,000 to $50,000	23.1%
$50,000 to $75,000	15.4%
$75,000 to $100,000	10.3%
$100,000 to $200,000	23.1%
$200,000 or more	0.0%

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 46049?

HUD's FY2027 Small Area FMRs for ZIP 46049 (Indianapolis-Carmel, IN) are $900 efficiency, $1,060 one bedroom, $1,240 two bedrooms, $1,620 three and $1,950 four bedrooms.

What payment standard can a housing authority set in ZIP 46049?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,116 to $1,364.

How affordable is rent in ZIP 46049?

Tax returns filed from ZIP 46049 reported an average adjusted gross income of $66,928 (2022). A two-bedroom unit at the Small Area FMR costs $14,880 a year, or 22% of that income.