ZIP 46901 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 46901 in the Kokomo, IN MSA FMR area.

Kokomo, IN MSA

$860Efficiency

$8701 bedroom

$1,1202 bedrooms

$1,3503 bedrooms

$1,5504 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$860	$774	$946	$909
1 bedroom	$870	$783	$957	$915
2 bedrooms	$1,120	$1,008	$1,232	$1,179
3 bedrooms	$1,350	$1,215	$1,485	$1,420
4 bedrooms	$1,550	$1,395	$1,705	$1,636

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

Cass County, IN

$860Efficiency

$8701 bedroom

$1,1202 bedrooms

$1,3503 bedrooms

$1,5504 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$860	$774	$946	$831
1 bedroom	$870	$783	$957	$836
2 bedrooms	$1,120	$1,008	$1,232	$1,014
3 bedrooms	$1,350	$1,215	$1,485	$1,350
4 bedrooms	$1,550	$1,395	$1,705	$1,355

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

Miami County, IN

$860Efficiency

$8701 bedroom

$1,1202 bedrooms

$1,3503 bedrooms

$1,5504 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$860	$774	$946	$759
1 bedroom	$870	$783	$957	$827
2 bedrooms	$1,120	$1,008	$1,232	$1,014
3 bedrooms	$1,350	$1,215	$1,485	$1,208
4 bedrooms	$1,550	$1,395	$1,705	$1,412

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

Income in ZIP 46901

$56,522average adjusted gross income per tax return (2022)

$40,208average salaries and wages per return

17,770tax returns filed

24%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	36.3%
$25,000 to $50,000	25.0%
$50,000 to $75,000	13.7%
$75,000 to $100,000	10.0%
$100,000 to $200,000	12.9%
$200,000 or more	2.1%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 20.0% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 46901?

HUD's FY2027 Small Area FMRs for ZIP 46901 (Kokomo, IN MSA) are $860 efficiency, $870 one bedroom, $1,120 two bedrooms, $1,350 three and $1,550 four bedrooms.

What payment standard can a housing authority set in ZIP 46901?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,008 to $1,232.

How affordable is rent in ZIP 46901?

Tax returns filed from ZIP 46901 reported an average adjusted gross income of $56,522 (2022). A two-bedroom unit at the Small Area FMR costs $13,440 a year, or 24% of that income.