ZIP 47112 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 47112 in the Louisville, KY-IN FMR area.

Louisville, KY-IN

$810Efficiency

$8801 bedroom

$1,0602 bedrooms

$1,3503 bedrooms

$1,5604 bedrooms

Payment standard range

Unit size	SAFMR	90%	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.

Crawford County, IN

$810Efficiency

$8801 bedroom

$1,0602 bedrooms

$1,3503 bedrooms

$1,5604 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$810	$729	$891	$759
1 bedroom	$880	$792	$968	$834
2 bedrooms	$1,060	$954	$1,166	$1,014
3 bedrooms	$1,350	$1,215	$1,485	$1,404
4 bedrooms	$1,560	$1,404	$1,716	$1,479

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

Income in ZIP 47112

$69,290average adjusted gross income per tax return (2022)

$49,402average salaries and wages per return

8,180tax returns filed

18%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	28.4%
$25,000 to $50,000	23.6%
$50,000 to $75,000	15.8%
$75,000 to $100,000	10.8%
$100,000 to $200,000	17.6%
$200,000 or more	3.9%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 13.4% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 47112?

HUD's FY2027 Small Area FMRs for ZIP 47112 (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 47112?

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 47112?

Tax returns filed from ZIP 47112 reported an average adjusted gross income of $69,290 (2022). A two-bedroom unit at the Small Area FMR costs $12,720 a year, or 18% of that income.