ZIP 47106 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 47106 in the Louisville, KY-IN FMR area.

Louisville, KY-IN

$800Efficiency

$8601 bedroom

$1,0502 bedrooms

$1,3303 bedrooms

$1,5204 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$800	$720	$880	$976
1 bedroom	$860	$774	$946	$1,058
2 bedrooms	$1,050	$945	$1,155	$1,276
3 bedrooms	$1,330	$1,197	$1,463	$1,629
4 bedrooms	$1,520	$1,368	$1,672	$1,874

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

Washington County, IN

$800Efficiency

$8601 bedroom

$1,0502 bedrooms

$1,3303 bedrooms

$1,5204 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$800	$720	$880	$770
1 bedroom	$860	$774	$946	$775
2 bedrooms	$1,050	$945	$1,155	$1,014
3 bedrooms	$1,330	$1,197	$1,463	$1,222
4 bedrooms	$1,520	$1,368	$1,672	$1,333

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

Income in ZIP 47106

$86,744average adjusted gross income per tax return (2022)

$56,252average salaries and wages per return

2,250tax returns filed

15%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	25.8%
$25,000 to $50,000	20.4%
$50,000 to $75,000	16.9%
$75,000 to $100,000	12.4%
$100,000 to $200,000	19.1%
$200,000 or more	5.3%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 10.2% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 47106?

HUD's FY2027 Small Area FMRs for ZIP 47106 (Louisville, KY-IN) are $800 efficiency, $860 one bedroom, $1,050 two bedrooms, $1,330 three and $1,520 four bedrooms.

What payment standard can a housing authority set in ZIP 47106?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $945 to $1,155.

How affordable is rent in ZIP 47106?

Tax returns filed from ZIP 47106 reported an average adjusted gross income of $86,744 (2022). A two-bedroom unit at the Small Area FMR costs $12,600 a year, or 15% of that income.