ZIP 47201 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 47201 in the Columbus, IN MSA FMR area.

Columbus, IN MSA

$1,320Efficiency

$1,3301 bedroom

$1,5602 bedrooms

$1,8603 bedrooms

$2,2304 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$1,320	$1,188	$1,452	$1,261
1 bedroom	$1,330	$1,197	$1,463	$1,276
2 bedrooms	$1,560	$1,404	$1,716	$1,493
3 bedrooms	$1,860	$1,674	$2,046	$1,779
4 bedrooms	$2,230	$2,007	$2,453	$2,126

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

Indianapolis-Carmel, IN

$1,320Efficiency

$1,3301 bedroom

$1,5602 bedrooms

$1,8603 bedrooms

$2,2304 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$1,320	$1,188	$1,452	$1,187
1 bedroom	$1,330	$1,197	$1,463	$1,336
2 bedrooms	$1,560	$1,404	$1,716	$1,536
3 bedrooms	$1,860	$1,674	$2,046	$1,991
4 bedrooms	$2,230	$2,007	$2,453	$2,425

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

Jackson County, IN

$1,320Efficiency

$1,3301 bedroom

$1,5602 bedrooms

$1,8603 bedrooms

$2,2304 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$1,320	$1,188	$1,452	$867
1 bedroom	$1,330	$1,197	$1,463	$873
2 bedrooms	$1,560	$1,404	$1,716	$1,142
3 bedrooms	$1,860	$1,674	$2,046	$1,445
4 bedrooms	$2,230	$2,007	$2,453	$1,507

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

Income in ZIP 47201

$87,129average adjusted gross income per tax return (2022)

$60,411average salaries and wages per return

22,390tax returns filed

21%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	27.4%
$25,000 to $50,000	22.6%
$50,000 to $75,000	15.7%
$75,000 to $100,000	10.8%
$100,000 to $200,000	16.9%
$200,000 or more	6.6%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 13.4% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 47201?

HUD's FY2027 Small Area FMRs for ZIP 47201 (Columbus, IN MSA) are $1,320 efficiency, $1,330 one bedroom, $1,560 two bedrooms, $1,860 three and $2,230 four bedrooms.

What payment standard can a housing authority set in ZIP 47201?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,404 to $1,716.

How affordable is rent in ZIP 47201?

Tax returns filed from ZIP 47201 reported an average adjusted gross income of $87,129 (2022). A two-bedroom unit at the Small Area FMR costs $18,720 a year, or 21% of that income.