ZIP 47125 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 47125 in the Louisville, KY-IN FMR area.

Louisville, KY-IN

$940Efficiency

$9801 bedroom

$1,2502 bedrooms

$1,5903 bedrooms

$1,8004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$940	$846	$1,034	$976
1 bedroom	$980	$882	$1,078	$1,058
2 bedrooms	$1,250	$1,125	$1,375	$1,276
3 bedrooms	$1,590	$1,431	$1,749	$1,629
4 bedrooms	$1,800	$1,620	$1,980	$1,874

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

Washington County, IN

$940Efficiency

$9801 bedroom

$1,2502 bedrooms

$1,5903 bedrooms

$1,8004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$940	$846	$1,034	$770
1 bedroom	$980	$882	$1,078	$775
2 bedrooms	$1,250	$1,125	$1,375	$1,014
3 bedrooms	$1,590	$1,431	$1,749	$1,222
4 bedrooms	$1,800	$1,620	$1,980	$1,333

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

Orange County, IN

$940Efficiency

$9801 bedroom

$1,2502 bedrooms

$1,5903 bedrooms

$1,8004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$940	$846	$1,034	$759
1 bedroom	$980	$882	$1,078	$826
2 bedrooms	$1,250	$1,125	$1,375	$1,014
3 bedrooms	$1,590	$1,431	$1,749	$1,378
4 bedrooms	$1,800	$1,620	$1,980	$1,637

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

Income in ZIP 47125

$53,085average adjusted gross income per tax return (2022)

$42,453average salaries and wages per return

750tax returns filed

28%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	32.0%
$25,000 to $50,000	26.7%
$50,000 to $75,000	17.3%
$75,000 to $100,000	10.7%
$100,000 to $200,000	13.3%
$200,000 or more	0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 18.7% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 47125?

HUD's FY2027 Small Area FMRs for ZIP 47125 (Louisville, KY-IN) are $940 efficiency, $980 one bedroom, $1,250 two bedrooms, $1,590 three and $1,800 four bedrooms.

What payment standard can a housing authority set in ZIP 47125?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,125 to $1,375.

How affordable is rent in ZIP 47125?

Tax returns filed from ZIP 47125 reported an average adjusted gross income of $53,085 (2022). A two-bedroom unit at the Small Area FMR costs $15,000 a year, or 28% of that income.