ZIP 46064 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 46064 in the Anderson, IN FMR area.

Anderson, IN

$1,190Efficiency
$1,2001 bedroom
$1,5702 bedrooms
$2,0503 bedrooms
$2,0704 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,190$1,071$1,309$1,011
1 bedroom$1,200$1,080$1,320$1,017
2 bedrooms$1,570$1,413$1,727$1,331
3 bedrooms$2,050$1,845$2,255$1,743
4 bedrooms$2,070$1,863$2,277$1,749

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

Indianapolis-Carmel, IN

$1,190Efficiency
$1,2001 bedroom
$1,5702 bedrooms
$2,0503 bedrooms
$2,0704 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,190$1,071$1,309$1,187
1 bedroom$1,200$1,080$1,320$1,336
2 bedrooms$1,570$1,413$1,727$1,536
3 bedrooms$2,050$1,845$2,255$1,991
4 bedrooms$2,070$1,863$2,277$2,425

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

Income in ZIP 46064

$89,089average adjusted gross income per tax return (2022)
$63,795average salaries and wages per return
8,250tax returns filed
21%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00023.4%
$25,000 to $50,00018.5%
$50,000 to $75,00015.0%
$75,000 to $100,00012.6%
$100,000 to $200,00023.5%
$200,000 or more6.9%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 9.2% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 46064?

HUD's FY2027 Small Area FMRs for ZIP 46064 (Anderson, IN) are $1,190 efficiency, $1,200 one bedroom, $1,570 two bedrooms, $2,050 three and $2,070 four bedrooms.

What payment standard can a housing authority set in ZIP 46064?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,413 to $1,727.

How affordable is rent in ZIP 46064?

Tax returns filed from ZIP 46064 reported an average adjusted gross income of $89,089 (2022). A two-bedroom unit at the Small Area FMR costs $18,840 a year, or 21% of that income.