ZIP 47230 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 47230 in the Jefferson County, IN FMR area.

Jefferson County, IN

$740Efficiency

$8201 bedroom

$1,0102 bedrooms

$1,3003 bedrooms

$1,5404 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$740	$666	$814	$752
1 bedroom	$820	$738	$902	$862
2 bedrooms	$1,010	$909	$1,111	$1,041
3 bedrooms	$1,300	$1,170	$1,430	$1,313
4 bedrooms	$1,540	$1,386	$1,694	$1,636

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

Jennings County, IN

$740Efficiency

$8201 bedroom

$1,0102 bedrooms

$1,3003 bedrooms

$1,5404 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$740	$666	$814	$778
1 bedroom	$820	$738	$902	$795
2 bedrooms	$1,010	$909	$1,111	$1,040
3 bedrooms	$1,300	$1,170	$1,430	$1,385
4 bedrooms	$1,540	$1,386	$1,694	$1,411

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

Scott County, IN

$740Efficiency

$8201 bedroom

$1,0102 bedrooms

$1,3003 bedrooms

$1,5404 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$740	$666	$814	$783
1 bedroom	$820	$738	$902	$800
2 bedrooms	$1,010	$909	$1,111	$1,047
3 bedrooms	$1,300	$1,170	$1,430	$1,341
4 bedrooms	$1,540	$1,386	$1,694	$1,400

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

Income in ZIP 47230

$59,902average adjusted gross income per tax return (2022)

$43,649average salaries and wages per return

880tax returns filed

20%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	31.8%
$25,000 to $50,000	23.9%
$50,000 to $75,000	18.2%
$75,000 to $100,000	10.2%
$100,000 to $200,000	13.6%
$200,000 or more	2.3%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 18.2% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 47230?

HUD's FY2027 Small Area FMRs for ZIP 47230 (Jefferson County, IN) are $740 efficiency, $820 one bedroom, $1,010 two bedrooms, $1,300 three and $1,540 four bedrooms.

What payment standard can a housing authority set in ZIP 47230?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $909 to $1,111.

How affordable is rent in ZIP 47230?

Tax returns filed from ZIP 47230 reported an average adjusted gross income of $59,902 (2022). A two-bedroom unit at the Small Area FMR costs $12,120 a year, or 20% of that income.