ZIP 46919 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 46919 in the Kokomo, IN MSA FMR area.

Kokomo, IN MSA

$800Efficiency

$8101 bedroom

$1,0202 bedrooms

$1,2803 bedrooms

$1,4604 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$800	$720	$880	$909
1 bedroom	$810	$729	$891	$915
2 bedrooms	$1,020	$918	$1,122	$1,179
3 bedrooms	$1,280	$1,152	$1,408	$1,420
4 bedrooms	$1,460	$1,314	$1,606	$1,636

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

Grant County, IN

$800Efficiency

$8101 bedroom

$1,0202 bedrooms

$1,2803 bedrooms

$1,4604 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$800	$720	$880	$748
1 bedroom	$810	$729	$891	$804
2 bedrooms	$1,020	$918	$1,122	$1,014
3 bedrooms	$1,280	$1,152	$1,408	$1,329
4 bedrooms	$1,460	$1,314	$1,606	$1,488

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

Miami County, IN

$800Efficiency

$8101 bedroom

$1,0202 bedrooms

$1,2803 bedrooms

$1,4604 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$800	$720	$880	$759
1 bedroom	$810	$729	$891	$827
2 bedrooms	$1,020	$918	$1,122	$1,014
3 bedrooms	$1,280	$1,152	$1,408	$1,208
4 bedrooms	$1,460	$1,314	$1,606	$1,412

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

Wabash County, IN

$800Efficiency

$8101 bedroom

$1,0202 bedrooms

$1,2803 bedrooms

$1,4604 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$800	$720	$880	$759
1 bedroom	$810	$729	$891	$775
2 bedrooms	$1,020	$918	$1,122	$1,014
3 bedrooms	$1,280	$1,152	$1,408	$1,208
4 bedrooms	$1,460	$1,314	$1,606	$1,348

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

Income in ZIP 46919

$64,541average adjusted gross income per tax return (2022)

$44,937average salaries and wages per return

1,000tax returns filed

19%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	31.0%
$25,000 to $50,000	22.0%
$50,000 to $75,000	17.0%
$75,000 to $100,000	11.0%
$100,000 to $200,000	16.0%
$200,000 or more	3.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 15.0% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 46919?

HUD's FY2027 Small Area FMRs for ZIP 46919 (Kokomo, IN MSA) are $800 efficiency, $810 one bedroom, $1,020 two bedrooms, $1,280 three and $1,460 four bedrooms.

What payment standard can a housing authority set in ZIP 46919?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $918 to $1,122.

How affordable is rent in ZIP 46919?

Tax returns filed from ZIP 46919 reported an average adjusted gross income of $64,541 (2022). A two-bedroom unit at the Small Area FMR costs $12,240 a year, or 19% of that income.