ZIP 47273 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 47273 in the Columbus, IN MSA FMR area.

Columbus, IN MSA

$1,110Efficiency
$1,1401 bedroom
$1,3002 bedrooms
$1,7303 bedrooms
$1,8004 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,110$999$1,221$1,261
1 bedroom$1,140$1,026$1,254$1,276
2 bedrooms$1,300$1,170$1,430$1,493
3 bedrooms$1,730$1,557$1,903$1,779
4 bedrooms$1,800$1,620$1,980$2,126

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

Jennings County, IN

$1,110Efficiency
$1,1401 bedroom
$1,3002 bedrooms
$1,7303 bedrooms
$1,8004 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,110$999$1,221$778
1 bedroom$1,140$1,026$1,254$795
2 bedrooms$1,300$1,170$1,430$1,040
3 bedrooms$1,730$1,557$1,903$1,385
4 bedrooms$1,800$1,620$1,980$1,411

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

Income in ZIP 47273

$64,727average adjusted gross income per tax return (2022)
$51,314average salaries and wages per return
900tax returns filed
24%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00025.6%
$25,000 to $50,00024.4%
$50,000 to $75,00016.7%
$75,000 to $100,00011.1%
$100,000 to $200,00020.0%
$200,000 or more2.2%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 15.6% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 47273?

HUD's FY2027 Small Area FMRs for ZIP 47273 (Columbus, IN MSA) are $1,110 efficiency, $1,140 one bedroom, $1,300 two bedrooms, $1,730 three and $1,800 four bedrooms.

What payment standard can a housing authority set in ZIP 47273?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,170 to $1,430.

How affordable is rent in ZIP 47273?

Tax returns filed from ZIP 47273 reported an average adjusted gross income of $64,727 (2022). A two-bedroom unit at the Small Area FMR costs $15,600 a year, or 24% of that income.