ZIP 46124 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 46124 in the Columbus, IN MSA FMR area.

Columbus, IN MSA

$850Efficiency

$9401 bedroom

$1,0802 bedrooms

$1,3803 bedrooms

$1,6804 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$850	$765	$935	$1,261
1 bedroom	$940	$846	$1,034	$1,276
2 bedrooms	$1,080	$972	$1,188	$1,493
3 bedrooms	$1,380	$1,242	$1,518	$1,779
4 bedrooms	$1,680	$1,512	$1,848	$2,126

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

Indianapolis-Carmel, IN

$850Efficiency

$9401 bedroom

$1,0802 bedrooms

$1,3803 bedrooms

$1,6804 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$850	$765	$935	$1,187
1 bedroom	$940	$846	$1,034	$1,336
2 bedrooms	$1,080	$972	$1,188	$1,536
3 bedrooms	$1,380	$1,242	$1,518	$1,991
4 bedrooms	$1,680	$1,512	$1,848	$2,425

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

Income in ZIP 46124

$62,654average adjusted gross income per tax return (2022)

$46,657average salaries and wages per return

3,550tax returns filed

21%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	31.5%
$25,000 to $50,000	27.0%
$50,000 to $75,000	15.5%
$75,000 to $100,000	9.6%
$100,000 to $200,000	12.7%
$200,000 or more	3.7%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 15.8% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 46124?

HUD's FY2027 Small Area FMRs for ZIP 46124 (Columbus, IN MSA) are $850 efficiency, $940 one bedroom, $1,080 two bedrooms, $1,380 three and $1,680 four bedrooms.

What payment standard can a housing authority set in ZIP 46124?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $972 to $1,188.

How affordable is rent in ZIP 46124?

Tax returns filed from ZIP 46124 reported an average adjusted gross income of $62,654 (2022). A two-bedroom unit at the Small Area FMR costs $12,960 a year, or 21% of that income.