ZIP 46050 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 46050 in the Indianapolis-Carmel, IN FMR area.

Indianapolis-Carmel, IN

$910Efficiency

$9401 bedroom

$1,1502 bedrooms

$1,5203 bedrooms

$1,6004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$910	$819	$1,001	$1,187
1 bedroom	$940	$846	$1,034	$1,336
2 bedrooms	$1,150	$1,035	$1,265	$1,536
3 bedrooms	$1,520	$1,368	$1,672	$1,991
4 bedrooms	$1,600	$1,440	$1,760	$2,425

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

Tipton County, IN

$910Efficiency

$9401 bedroom

$1,1502 bedrooms

$1,5203 bedrooms

$1,6004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$910	$819	$1,001	$941
1 bedroom	$940	$846	$1,034	$947
2 bedrooms	$1,150	$1,035	$1,265	$1,239
3 bedrooms	$1,520	$1,368	$1,672	$1,476
4 bedrooms	$1,600	$1,440	$1,760	$1,628

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

Clinton County, IN

$910Efficiency

$9401 bedroom

$1,1502 bedrooms

$1,5203 bedrooms

$1,6004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$910	$819	$1,001	$850
1 bedroom	$940	$846	$1,034	$855
2 bedrooms	$1,150	$1,035	$1,265	$1,063
3 bedrooms	$1,520	$1,368	$1,672	$1,416
4 bedrooms	$1,600	$1,440	$1,760	$1,445

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

Income in ZIP 46050

$67,040average adjusted gross income per tax return (2022)

$47,581average salaries and wages per return

830tax returns filed

21%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	30.1%
$25,000 to $50,000	21.7%
$50,000 to $75,000	14.5%
$75,000 to $100,000	12.0%
$100,000 to $200,000	18.1%
$200,000 or more	3.6%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 13.3% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 46050?

HUD's FY2027 Small Area FMRs for ZIP 46050 (Indianapolis-Carmel, IN) are $910 efficiency, $940 one bedroom, $1,150 two bedrooms, $1,520 three and $1,600 four bedrooms.

What payment standard can a housing authority set in ZIP 46050?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,035 to $1,265.

How affordable is rent in ZIP 46050?

Tax returns filed from ZIP 46050 reported an average adjusted gross income of $67,040 (2022). A two-bedroom unit at the Small Area FMR costs $13,800 a year, or 21% of that income.