ZIP 46068 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 46068 in the Tipton County, IN FMR area.

Tipton County, IN

$1,050Efficiency
$1,0501 bedroom
$1,3802 bedrooms
$1,6403 bedrooms
$1,8104 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,050$945$1,155$941
1 bedroom$1,050$945$1,155$947
2 bedrooms$1,380$1,242$1,518$1,239
3 bedrooms$1,640$1,476$1,804$1,476
4 bedrooms$1,810$1,629$1,991$1,628

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

Kokomo, IN MSA

$1,050Efficiency
$1,0501 bedroom
$1,3802 bedrooms
$1,6403 bedrooms
$1,8104 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,050$945$1,155$909
1 bedroom$1,050$945$1,155$915
2 bedrooms$1,380$1,242$1,518$1,179
3 bedrooms$1,640$1,476$1,804$1,420
4 bedrooms$1,810$1,629$1,991$1,636

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

Income in ZIP 46068

$76,294average adjusted gross income per tax return (2022)
$49,752average salaries and wages per return
1,320tax returns filed
22%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00025.8%
$25,000 to $50,00020.5%
$50,000 to $75,00014.4%
$75,000 to $100,00012.1%
$100,000 to $200,00023.5%
$200,000 or more3.8%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 10.6% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 46068?

HUD's FY2027 Small Area FMRs for ZIP 46068 (Tipton County, IN) are $1,050 efficiency, $1,050 one bedroom, $1,380 two bedrooms, $1,640 three and $1,810 four bedrooms.

What payment standard can a housing authority set in ZIP 46068?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,242 to $1,518.

How affordable is rent in ZIP 46068?

Tax returns filed from ZIP 46068 reported an average adjusted gross income of $76,294 (2022). A two-bedroom unit at the Small Area FMR costs $16,560 a year, or 22% of that income.