ZIP 47325 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 47325 in the Fayette County, IN FMR area.

Fayette County, IN

$760Efficiency

$8101 bedroom

$1,0302 bedrooms

$1,2903 bedrooms

$1,3704 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$760	$684	$836	$706
1 bedroom	$810	$729	$891	$843
2 bedrooms	$1,030	$927	$1,133	$1,014
3 bedrooms	$1,290	$1,161	$1,419	$1,261
4 bedrooms	$1,370	$1,233	$1,507	$1,350

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

Union County, IN

$760Efficiency

$8101 bedroom

$1,0302 bedrooms

$1,2903 bedrooms

$1,3704 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$760	$684	$836	$759
1 bedroom	$810	$729	$891	$775
2 bedrooms	$1,030	$927	$1,133	$1,014
3 bedrooms	$1,290	$1,161	$1,419	$1,248
4 bedrooms	$1,370	$1,233	$1,507	$1,356

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

Wayne County, IN

$760Efficiency

$8101 bedroom

$1,0302 bedrooms

$1,2903 bedrooms

$1,3704 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$760	$684	$836	$770
1 bedroom	$810	$729	$891	$775
2 bedrooms	$1,030	$927	$1,133	$1,014
3 bedrooms	$1,290	$1,161	$1,419	$1,281
4 bedrooms	$1,370	$1,233	$1,507	$1,333

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

Income in ZIP 47325

$53,713average adjusted gross income per tax return (2022)

$42,240average salaries and wages per return

300tax returns filed

23%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	30.0%
$25,000 to $50,000	26.7%
$50,000 to $75,000	16.7%
$75,000 to $100,000	10.0%
$100,000 to $200,000	16.7%
$200,000 or more	0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 16.7% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 47325?

HUD's FY2027 Small Area FMRs for ZIP 47325 (Fayette County, IN) are $760 efficiency, $810 one bedroom, $1,030 two bedrooms, $1,290 three and $1,370 four bedrooms.

What payment standard can a housing authority set in ZIP 47325?

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 47325?

Tax returns filed from ZIP 47325 reported an average adjusted gross income of $53,713 (2022). A two-bedroom unit at the Small Area FMR costs $12,360 a year, or 23% of that income.