ZIP 47283 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 47283 in the Columbus, IN MSA FMR area.

Columbus, IN MSA

$1,110Efficiency

$1,1401 bedroom

$1,2802 bedrooms

$1,5303 bedrooms

$1,8004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$1,110	$999	$1,221	$1,261
1 bedroom	$1,140	$1,026	$1,254	$1,276
2 bedrooms	$1,280	$1,152	$1,408	$1,493
3 bedrooms	$1,530	$1,377	$1,683	$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.

Decatur County, IN

$1,110Efficiency

$1,1401 bedroom

$1,2802 bedrooms

$1,5303 bedrooms

$1,8004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$1,110	$999	$1,221	$832
1 bedroom	$1,140	$1,026	$1,254	$850
2 bedrooms	$1,280	$1,152	$1,408	$1,112
3 bedrooms	$1,530	$1,377	$1,683	$1,325
4 bedrooms	$1,800	$1,620	$1,980	$1,461

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

$1,2802 bedrooms

$1,5303 bedrooms

$1,8004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$1,110	$999	$1,221	$778
1 bedroom	$1,140	$1,026	$1,254	$795
2 bedrooms	$1,280	$1,152	$1,408	$1,040
3 bedrooms	$1,530	$1,377	$1,683	$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 47283

$60,388average adjusted gross income per tax return (2022)

$46,705average salaries and wages per return

1,640tax returns filed

25%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	28.7%
$25,000 to $50,000	24.4%
$50,000 to $75,000	17.7%
$75,000 to $100,000	12.2%
$100,000 to $200,000	14.6%
$200,000 or more	2.4%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 14.0% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 47283?

HUD's FY2027 Small Area FMRs for ZIP 47283 (Columbus, IN MSA) are $1,110 efficiency, $1,140 one bedroom, $1,280 two bedrooms, $1,530 three and $1,800 four bedrooms.

What payment standard can a housing authority set in ZIP 47283?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,152 to $1,408.

How affordable is rent in ZIP 47283?

Tax returns filed from ZIP 47283 reported an average adjusted gross income of $60,388 (2022). A two-bedroom unit at the Small Area FMR costs $15,360 a year, or 25% of that income.