ZIP 47043 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 47043 in the Jefferson County, IN FMR area.

Jefferson County, IN

$760Efficiency

$7801 bedroom

$1,0102 bedrooms

$1,2303 bedrooms

$1,3804 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$760	$684	$836	$752
1 bedroom	$780	$702	$858	$862
2 bedrooms	$1,010	$909	$1,111	$1,041
3 bedrooms	$1,230	$1,107	$1,353	$1,313
4 bedrooms	$1,380	$1,242	$1,518	$1,636

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

Switzerland County, IN

$760Efficiency

$7801 bedroom

$1,0102 bedrooms

$1,2303 bedrooms

$1,3804 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$760	$684	$836	$770
1 bedroom	$780	$702	$858	$787
2 bedrooms	$1,010	$909	$1,111	$1,029
3 bedrooms	$1,230	$1,107	$1,353	$1,246
4 bedrooms	$1,380	$1,242	$1,518	$1,376

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

Income in ZIP 47043

$58,082average adjusted gross income per tax return (2022)

$44,245average salaries and wages per return

2,330tax returns filed

21%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	32.6%
$25,000 to $50,000	24.9%
$50,000 to $75,000	16.3%
$75,000 to $100,000	9.0%
$100,000 to $200,000	15.5%
$200,000 or more	1.7%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 16.3% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 47043?

HUD's FY2027 Small Area FMRs for ZIP 47043 (Jefferson County, IN) are $760 efficiency, $780 one bedroom, $1,010 two bedrooms, $1,230 three and $1,380 four bedrooms.

What payment standard can a housing authority set in ZIP 47043?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $909 to $1,111.

How affordable is rent in ZIP 47043?

Tax returns filed from ZIP 47043 reported an average adjusted gross income of $58,082 (2022). A two-bedroom unit at the Small Area FMR costs $12,120 a year, or 21% of that income.