ZIP 46076 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 46076 in the Tipton County, IN FMR area.

Tipton County, IN

$1,020Efficiency
$1,0201 bedroom
$1,3402 bedrooms
$1,5903 bedrooms
$1,7604 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,020$918$1,122$941
1 bedroom$1,020$918$1,122$947
2 bedrooms$1,340$1,206$1,474$1,239
3 bedrooms$1,590$1,431$1,749$1,476
4 bedrooms$1,760$1,584$1,936$1,628

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

Kokomo, IN MSA

$1,020Efficiency
$1,0201 bedroom
$1,3402 bedrooms
$1,5903 bedrooms
$1,7604 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,020$918$1,122$909
1 bedroom$1,020$918$1,122$915
2 bedrooms$1,340$1,206$1,474$1,179
3 bedrooms$1,590$1,431$1,749$1,420
4 bedrooms$1,760$1,584$1,936$1,636

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

Income in ZIP 46076

$67,741average adjusted gross income per tax return (2022)
$47,253average salaries and wages per return
730tax returns filed
24%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00026.0%
$25,000 to $50,00021.9%
$50,000 to $75,00016.4%
$75,000 to $100,00013.7%
$100,000 to $200,00017.8%
$200,000 or more4.1%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 15.1% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 46076?

HUD's FY2027 Small Area FMRs for ZIP 46076 (Tipton County, IN) are $1,020 efficiency, $1,020 one bedroom, $1,340 two bedrooms, $1,590 three and $1,760 four bedrooms.

What payment standard can a housing authority set in ZIP 46076?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,206 to $1,474.

How affordable is rent in ZIP 46076?

Tax returns filed from ZIP 46076 reported an average adjusted gross income of $67,741 (2022). A two-bedroom unit at the Small Area FMR costs $16,080 a year, or 24% of that income.