ZIP 47250 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 47250 in the Jefferson County, IN FMR area.

Jefferson County, IN

$750Efficiency

$8501 bedroom

$1,0302 bedrooms

$1,3003 bedrooms

$1,6104 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$750	$675	$825	$752
1 bedroom	$850	$765	$935	$862
2 bedrooms	$1,030	$927	$1,133	$1,041
3 bedrooms	$1,300	$1,170	$1,430	$1,313
4 bedrooms	$1,610	$1,449	$1,771	$1,636

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

Ripley County, IN

$750Efficiency

$8501 bedroom

$1,0302 bedrooms

$1,3003 bedrooms

$1,6104 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$750	$675	$825	$788
1 bedroom	$850	$765	$935	$805
2 bedrooms	$1,030	$927	$1,133	$1,053
3 bedrooms	$1,300	$1,170	$1,430	$1,363
4 bedrooms	$1,610	$1,449	$1,771	$1,384

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

Switzerland County, IN

$750Efficiency

$8501 bedroom

$1,0302 bedrooms

$1,3003 bedrooms

$1,6104 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$750	$675	$825	$770
1 bedroom	$850	$765	$935	$787
2 bedrooms	$1,030	$927	$1,133	$1,029
3 bedrooms	$1,300	$1,170	$1,430	$1,246
4 bedrooms	$1,610	$1,449	$1,771	$1,376

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

Income in ZIP 47250

$70,498average adjusted gross income per tax return (2022)

$45,251average salaries and wages per return

10,200tax returns filed

18%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	30.4%
$25,000 to $50,000	25.4%
$50,000 to $75,000	15.6%
$75,000 to $100,000	10.2%
$100,000 to $200,000	14.8%
$200,000 or more	3.6%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 15.4% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 47250?

HUD's FY2027 Small Area FMRs for ZIP 47250 (Jefferson County, IN) are $750 efficiency, $850 one bedroom, $1,030 two bedrooms, $1,300 three and $1,610 four bedrooms.

What payment standard can a housing authority set in ZIP 47250?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $927 to $1,133.

How affordable is rent in ZIP 47250?

Tax returns filed from ZIP 47250 reported an average adjusted gross income of $70,498 (2022). A two-bedroom unit at the Small Area FMR costs $12,360 a year, or 18% of that income.