ZIP 47356 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 47356 in the Anderson, IN FMR area.

Anderson, IN

$820Efficiency

$8301 bedroom

$1,0902 bedrooms

$1,4403 bedrooms

$1,5204 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$820	$738	$902	$1,011
1 bedroom	$830	$747	$913	$1,017
2 bedrooms	$1,090	$981	$1,199	$1,331
3 bedrooms	$1,440	$1,296	$1,584	$1,743
4 bedrooms	$1,520	$1,368	$1,672	$1,749

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

Muncie, IN MSA

$820Efficiency

$8301 bedroom

$1,0902 bedrooms

$1,4403 bedrooms

$1,5204 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$820	$738	$902	$899
1 bedroom	$830	$747	$913	$913
2 bedrooms	$1,090	$981	$1,199	$1,145
3 bedrooms	$1,440	$1,296	$1,584	$1,438
4 bedrooms	$1,520	$1,368	$1,672	$1,890

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

Henry County, IN

$820Efficiency

$8301 bedroom

$1,0902 bedrooms

$1,4403 bedrooms

$1,5204 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$820	$738	$902	$805
1 bedroom	$830	$747	$913	$810
2 bedrooms	$1,090	$981	$1,199	$1,014
3 bedrooms	$1,440	$1,296	$1,584	$1,208
4 bedrooms	$1,520	$1,368	$1,672	$1,333

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

Income in ZIP 47356

$64,079average adjusted gross income per tax return (2022)

$46,846average salaries and wages per return

2,810tax returns filed

20%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	30.6%
$25,000 to $50,000	23.8%
$50,000 to $75,000	14.6%
$75,000 to $100,000	11.0%
$100,000 to $200,000	16.7%
$200,000 or more	3.2%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 13.5% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 47356?

HUD's FY2027 Small Area FMRs for ZIP 47356 (Anderson, IN) are $820 efficiency, $830 one bedroom, $1,090 two bedrooms, $1,440 three and $1,520 four bedrooms.

What payment standard can a housing authority set in ZIP 47356?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $981 to $1,199.

How affordable is rent in ZIP 47356?

Tax returns filed from ZIP 47356 reported an average adjusted gross income of $64,079 (2022). A two-bedroom unit at the Small Area FMR costs $13,080 a year, or 20% of that income.