ZIP 47119 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 47119 in the Louisville, KY-IN FMR area.

$1,120Efficiency
$1,2201 bedroom
$1,4702 bedrooms
$1,8803 bedrooms
$2,1604 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,120$1,008$1,232$976
1 bedroom$1,220$1,098$1,342$1,058
2 bedrooms$1,470$1,323$1,617$1,276
3 bedrooms$1,880$1,692$2,068$1,629
4 bedrooms$2,160$1,944$2,376$1,874

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

Income in ZIP 47119

$146,044average adjusted gross income per tax return (2022)
$80,879average salaries and wages per return
5,920tax returns filed
12%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00022.0%
$25,000 to $50,00015.2%
$50,000 to $75,00012.0%
$75,000 to $100,0009.8%
$100,000 to $200,00025.3%
$200,000 or more15.7%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 4.7% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 47119?

HUD's FY2027 Small Area FMRs for ZIP 47119 (Louisville, KY-IN) are $1,120 efficiency, $1,220 one bedroom, $1,470 two bedrooms, $1,880 three and $2,160 four bedrooms.

What payment standard can a housing authority set in ZIP 47119?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,323 to $1,617.

How affordable is rent in ZIP 47119?

Tax returns filed from ZIP 47119 reported an average adjusted gross income of $146,044 (2022). A two-bedroom unit at the Small Area FMR costs $17,640 a year, or 12% of that income.