ZIP 47163 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 47163 in the Louisville, KY-IN FMR area.

$850Efficiency
$9101 bedroom
$1,1002 bedrooms
$1,4103 bedrooms
$1,6204 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$850$765$935$976
1 bedroom$910$819$1,001$1,058
2 bedrooms$1,100$990$1,210$1,276
3 bedrooms$1,410$1,269$1,551$1,629
4 bedrooms$1,620$1,458$1,782$1,874

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

Income in ZIP 47163

$68,697average adjusted gross income per tax return (2022)
$46,359average salaries and wages per return
750tax returns filed
19%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00028.0%
$25,000 to $50,00022.7%
$50,000 to $75,00016.0%
$75,000 to $100,00012.0%
$100,000 to $200,00017.3%
$200,000 or more4.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 14.7% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 47163?

HUD's FY2027 Small Area FMRs for ZIP 47163 (Louisville, KY-IN) are $850 efficiency, $910 one bedroom, $1,100 two bedrooms, $1,410 three and $1,620 four bedrooms.

What payment standard can a housing authority set in ZIP 47163?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $990 to $1,210.

How affordable is rent in ZIP 47163?

Tax returns filed from ZIP 47163 reported an average adjusted gross income of $68,697 (2022). A two-bedroom unit at the Small Area FMR costs $13,200 a year, or 19% of that income.