ZIP 47270 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 47270 in the Jefferson County, IN FMR area.

Jefferson County, IN

$780Efficiency

$8201 bedroom

$1,0402 bedrooms

$1,3403 bedrooms

$1,4604 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$780	$702	$858	$752
1 bedroom	$820	$738	$902	$862
2 bedrooms	$1,040	$936	$1,144	$1,041
3 bedrooms	$1,340	$1,206	$1,474	$1,313
4 bedrooms	$1,460	$1,314	$1,606	$1,636

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

Jennings County, IN

$780Efficiency

$8201 bedroom

$1,0402 bedrooms

$1,3403 bedrooms

$1,4604 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$780	$702	$858	$778
1 bedroom	$820	$738	$902	$795
2 bedrooms	$1,040	$936	$1,144	$1,040
3 bedrooms	$1,340	$1,206	$1,474	$1,385
4 bedrooms	$1,460	$1,314	$1,606	$1,411

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

Income in ZIP 47270

$60,506average adjusted gross income per tax return (2022)

$48,691average salaries and wages per return

320tax returns filed

21%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	28.1%
$25,000 to $50,000	25.0%
$50,000 to $75,000	18.8%
$75,000 to $100,000	9.4%
$100,000 to $200,000	18.8%
$200,000 or more	0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 12.5% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 47270?

HUD's FY2027 Small Area FMRs for ZIP 47270 (Jefferson County, IN) are $780 efficiency, $820 one bedroom, $1,040 two bedrooms, $1,340 three and $1,460 four bedrooms.

What payment standard can a housing authority set in ZIP 47270?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $936 to $1,144.

How affordable is rent in ZIP 47270?

Tax returns filed from ZIP 47270 reported an average adjusted gross income of $60,506 (2022). A two-bedroom unit at the Small Area FMR costs $12,480 a year, or 21% of that income.