ZIP 47165 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 47165 in the Louisville, KY-IN FMR area.

Louisville, KY-IN

$810Efficiency
$8201 bedroom
$1,0702 bedrooms
$1,2903 bedrooms
$1,4404 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$810$729$891$976
1 bedroom$820$738$902$1,058
2 bedrooms$1,070$963$1,177$1,276
3 bedrooms$1,290$1,161$1,419$1,629
4 bedrooms$1,440$1,296$1,584$1,874

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

Washington County, IN

$810Efficiency
$8201 bedroom
$1,0702 bedrooms
$1,2903 bedrooms
$1,4404 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$810$729$891$770
1 bedroom$820$738$902$775
2 bedrooms$1,070$963$1,177$1,014
3 bedrooms$1,290$1,161$1,419$1,222
4 bedrooms$1,440$1,296$1,584$1,333

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

Income in ZIP 47165

$61,881average adjusted gross income per tax return (2022)
$46,957average salaries and wages per return
2,690tax returns filed
21%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00029.0%
$25,000 to $50,00025.3%
$50,000 to $75,00017.1%
$75,000 to $100,00011.9%
$100,000 to $200,00014.5%
$200,000 or more2.2%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 16.0% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 47165?

HUD's FY2027 Small Area FMRs for ZIP 47165 (Louisville, KY-IN) are $810 efficiency, $820 one bedroom, $1,070 two bedrooms, $1,290 three and $1,440 four bedrooms.

What payment standard can a housing authority set in ZIP 47165?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $963 to $1,177.

How affordable is rent in ZIP 47165?

Tax returns filed from ZIP 47165 reported an average adjusted gross income of $61,881 (2022). A two-bedroom unit at the Small Area FMR costs $12,840 a year, or 21% of that income.