ZIP 47110 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 47110 in the Louisville, KY-IN FMR area.

$810Efficiency
$8801 bedroom
$1,0602 bedrooms
$1,3503 bedrooms
$1,5604 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$810$729$891$976
1 bedroom$880$792$968$1,058
2 bedrooms$1,060$954$1,166$1,276
3 bedrooms$1,350$1,215$1,485$1,629
4 bedrooms$1,560$1,404$1,716$1,874

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

Income in ZIP 47110

$46,600average adjusted gross income per tax return (2022)
$41,229average salaries and wages per return
210tax returns filed
27%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00028.6%
$25,000 to $50,00033.3%
$50,000 to $75,00023.8%
$75,000 to $100,0000.0%
$100,000 to $200,00014.3%
$200,000 or more0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 19.0% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 47110?

HUD's FY2027 Small Area FMRs for ZIP 47110 (Louisville, KY-IN) are $810 efficiency, $880 one bedroom, $1,060 two bedrooms, $1,350 three and $1,560 four bedrooms.

What payment standard can a housing authority set in ZIP 47110?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $954 to $1,166.

How affordable is rent in ZIP 47110?

Tax returns filed from ZIP 47110 reported an average adjusted gross income of $46,600 (2022). A two-bedroom unit at the Small Area FMR costs $12,720 a year, or 27% of that income.