ZIP 47281 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 47281 in the Washington County, IN FMR area.

Washington County, IN

$800Efficiency

$8101 bedroom

$1,0502 bedrooms

$1,3103 bedrooms

$1,3804 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$800	$720	$880	$770
1 bedroom	$810	$729	$891	$775
2 bedrooms	$1,050	$945	$1,155	$1,014
3 bedrooms	$1,310	$1,179	$1,441	$1,222
4 bedrooms	$1,380	$1,242	$1,518	$1,333

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

Jackson County, IN

$800Efficiency

$8101 bedroom

$1,0502 bedrooms

$1,3103 bedrooms

$1,3804 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$800	$720	$880	$867
1 bedroom	$810	$729	$891	$873
2 bedrooms	$1,050	$945	$1,155	$1,142
3 bedrooms	$1,310	$1,179	$1,441	$1,445
4 bedrooms	$1,380	$1,242	$1,518	$1,507

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

Income in ZIP 47281

$77,654average adjusted gross income per tax return (2022)

$48,968average salaries and wages per return

690tax returns filed

16%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	27.5%
$25,000 to $50,000	21.7%
$50,000 to $75,000	17.4%
$75,000 to $100,000	11.6%
$100,000 to $200,000	18.8%
$200,000 or more	2.9%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 11.6% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 47281?

HUD's FY2027 Small Area FMRs for ZIP 47281 (Washington County, IN) are $800 efficiency, $810 one bedroom, $1,050 two bedrooms, $1,310 three and $1,380 four bedrooms.

What payment standard can a housing authority set in ZIP 47281?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $945 to $1,155.

How affordable is rent in ZIP 47281?

Tax returns filed from ZIP 47281 reported an average adjusted gross income of $77,654 (2022). A two-bedroom unit at the Small Area FMR costs $12,600 a year, or 16% of that income.