ZIP 47137 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 47137 in the Louisville, KY-IN FMR area.

Louisville, KY-IN

$760Efficiency

$8401 bedroom

$1,0202 bedrooms

$1,4103 bedrooms

$1,4904 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$760	$684	$836	$976
1 bedroom	$840	$756	$924	$1,058
2 bedrooms	$1,020	$918	$1,122	$1,276
3 bedrooms	$1,410	$1,269	$1,551	$1,629
4 bedrooms	$1,490	$1,341	$1,639	$1,874

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

Crawford County, IN

$760Efficiency

$8401 bedroom

$1,0202 bedrooms

$1,4103 bedrooms

$1,4904 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$760	$684	$836	$759
1 bedroom	$840	$756	$924	$834
2 bedrooms	$1,020	$918	$1,122	$1,014
3 bedrooms	$1,410	$1,269	$1,551	$1,404
4 bedrooms	$1,490	$1,341	$1,639	$1,479

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

Perry County, IN

$760Efficiency

$8401 bedroom

$1,0202 bedrooms

$1,4103 bedrooms

$1,4904 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$760	$684	$836	$759
1 bedroom	$840	$756	$924	$775
2 bedrooms	$1,020	$918	$1,122	$1,014
3 bedrooms	$1,410	$1,269	$1,551	$1,259
4 bedrooms	$1,490	$1,341	$1,639	$1,695

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

Income in ZIP 47137

$60,578average adjusted gross income per tax return (2022)

$42,109average salaries and wages per return

580tax returns filed

20%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	32.8%
$25,000 to $50,000	22.4%
$50,000 to $75,000	17.2%
$75,000 to $100,000	12.1%
$100,000 to $200,000	15.5%
$200,000 or more	0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 12.1% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 47137?

HUD's FY2027 Small Area FMRs for ZIP 47137 (Louisville, KY-IN) are $760 efficiency, $840 one bedroom, $1,020 two bedrooms, $1,410 three and $1,490 four bedrooms.

What payment standard can a housing authority set in ZIP 47137?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $918 to $1,122.

How affordable is rent in ZIP 47137?

Tax returns filed from ZIP 47137 reported an average adjusted gross income of $60,578 (2022). A two-bedroom unit at the Small Area FMR costs $12,240 a year, or 20% of that income.