ZIP 46928 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 46928 in the Anderson, IN FMR area.

Anderson, IN

$810Efficiency

$8501 bedroom

$1,0902 bedrooms

$1,4403 bedrooms

$1,5704 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$810	$729	$891	$1,011
1 bedroom	$850	$765	$935	$1,017
2 bedrooms	$1,090	$981	$1,199	$1,331
3 bedrooms	$1,440	$1,296	$1,584	$1,743
4 bedrooms	$1,570	$1,413	$1,727	$1,749

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

Kokomo, IN MSA

$810Efficiency

$8501 bedroom

$1,0902 bedrooms

$1,4403 bedrooms

$1,5704 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$810	$729	$891	$909
1 bedroom	$850	$765	$935	$915
2 bedrooms	$1,090	$981	$1,199	$1,179
3 bedrooms	$1,440	$1,296	$1,584	$1,420
4 bedrooms	$1,570	$1,413	$1,727	$1,636

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

Grant County, IN

$810Efficiency

$8501 bedroom

$1,0902 bedrooms

$1,4403 bedrooms

$1,5704 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$810	$729	$891	$748
1 bedroom	$850	$765	$935	$804
2 bedrooms	$1,090	$981	$1,199	$1,014
3 bedrooms	$1,440	$1,296	$1,584	$1,329
4 bedrooms	$1,570	$1,413	$1,727	$1,488

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

Income in ZIP 46928

$56,168average adjusted gross income per tax return (2022)

$41,183average salaries and wages per return

2,110tax returns filed

23%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	33.2%
$25,000 to $50,000	25.6%
$50,000 to $75,000	15.6%
$75,000 to $100,000	9.5%
$100,000 to $200,000	13.7%
$200,000 or more	2.4%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 17.1% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 46928?

HUD's FY2027 Small Area FMRs for ZIP 46928 (Anderson, IN) are $810 efficiency, $850 one bedroom, $1,090 two bedrooms, $1,440 three and $1,570 four bedrooms.

What payment standard can a housing authority set in ZIP 46928?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $981 to $1,199.

How affordable is rent in ZIP 46928?

Tax returns filed from ZIP 46928 reported an average adjusted gross income of $56,168 (2022). A two-bedroom unit at the Small Area FMR costs $13,080 a year, or 23% of that income.