ZIP 47234 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 47234 in the Columbus, IN MSA FMR area.

Columbus, IN MSA

$1,120Efficiency
$1,2101 bedroom
$1,4102 bedrooms
$1,7603 bedrooms
$2,1204 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,120$1,008$1,232$1,261
1 bedroom$1,210$1,089$1,331$1,276
2 bedrooms$1,410$1,269$1,551$1,493
3 bedrooms$1,760$1,584$1,936$1,779
4 bedrooms$2,120$1,908$2,332$2,126

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

Indianapolis-Carmel, IN

$1,120Efficiency
$1,2101 bedroom
$1,4102 bedrooms
$1,7603 bedrooms
$2,1204 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,120$1,008$1,232$1,187
1 bedroom$1,210$1,089$1,331$1,336
2 bedrooms$1,410$1,269$1,551$1,536
3 bedrooms$1,760$1,584$1,936$1,991
4 bedrooms$2,120$1,908$2,332$2,425

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

Income in ZIP 47234

$73,024average adjusted gross income per tax return (2022)
$46,450average salaries and wages per return
680tax returns filed
23%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00029.4%
$25,000 to $50,00022.1%
$50,000 to $75,00016.2%
$75,000 to $100,00011.8%
$100,000 to $200,00016.2%
$200,000 or more4.4%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 13.2% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 47234?

HUD's FY2027 Small Area FMRs for ZIP 47234 (Columbus, IN MSA) are $1,120 efficiency, $1,210 one bedroom, $1,410 two bedrooms, $1,760 three and $2,120 four bedrooms.

What payment standard can a housing authority set in ZIP 47234?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,269 to $1,551.

How affordable is rent in ZIP 47234?

Tax returns filed from ZIP 47234 reported an average adjusted gross income of $73,024 (2022). A two-bedroom unit at the Small Area FMR costs $16,920 a year, or 23% of that income.