ZIP 47243 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 47243 in the Louisville, KY-IN FMR area.

Louisville, KY-IN

$790Efficiency
$9001 bedroom
$1,0902 bedrooms
$1,3803 bedrooms
$1,7104 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$790$711$869$976
1 bedroom$900$810$990$1,058
2 bedrooms$1,090$981$1,199$1,276
3 bedrooms$1,380$1,242$1,518$1,629
4 bedrooms$1,710$1,539$1,881$1,874

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

Jefferson County, IN

$790Efficiency
$9001 bedroom
$1,0902 bedrooms
$1,3803 bedrooms
$1,7104 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$790$711$869$752
1 bedroom$900$810$990$862
2 bedrooms$1,090$981$1,199$1,041
3 bedrooms$1,380$1,242$1,518$1,313
4 bedrooms$1,710$1,539$1,881$1,636

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

Income in ZIP 47243

$60,809average adjusted gross income per tax return (2022)
$43,732average salaries and wages per return
2,370tax returns filed
22%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00028.7%
$25,000 to $50,00028.7%
$50,000 to $75,00017.3%
$75,000 to $100,0009.3%
$100,000 to $200,00013.9%
$200,000 or more2.1%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 16.5% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 47243?

HUD's FY2027 Small Area FMRs for ZIP 47243 (Louisville, KY-IN) are $790 efficiency, $900 one bedroom, $1,090 two bedrooms, $1,380 three and $1,710 four bedrooms.

What payment standard can a housing authority set in ZIP 47243?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $981 to $1,199.

How affordable is rent in ZIP 47243?

Tax returns filed from ZIP 47243 reported an average adjusted gross income of $60,809 (2022). A two-bedroom unit at the Small Area FMR costs $13,080 a year, or 22% of that income.