ZIP 47403 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 47403 in the Bloomington, IN FMR area.

Bloomington, IN

$940Efficiency
$1,0201 bedroom
$1,1702 bedrooms
$1,5003 bedrooms
$1,8104 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$940$846$1,034$1,001
1 bedroom$1,020$918$1,122$1,096
2 bedrooms$1,170$1,053$1,287$1,252
3 bedrooms$1,500$1,350$1,650$1,601
4 bedrooms$1,810$1,629$1,991$1,932

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

Greene County, IN

$940Efficiency
$1,0201 bedroom
$1,1702 bedrooms
$1,5003 bedrooms
$1,8104 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$940$846$1,034$770
1 bedroom$1,020$918$1,122$775
2 bedrooms$1,170$1,053$1,287$1,014
3 bedrooms$1,500$1,350$1,650$1,266
4 bedrooms$1,810$1,629$1,991$1,533

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

Income in ZIP 47403

$62,932average adjusted gross income per tax return (2022)
$47,691average salaries and wages per return
15,740tax returns filed
22%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00029.2%
$25,000 to $50,00027.0%
$50,000 to $75,00016.6%
$75,000 to $100,00010.4%
$100,000 to $200,00013.9%
$200,000 or more3.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 13.2% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 47403?

HUD's FY2027 Small Area FMRs for ZIP 47403 (Bloomington, IN) are $940 efficiency, $1,020 one bedroom, $1,170 two bedrooms, $1,500 three and $1,810 four bedrooms.

What payment standard can a housing authority set in ZIP 47403?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,053 to $1,287.

How affordable is rent in ZIP 47403?

Tax returns filed from ZIP 47403 reported an average adjusted gross income of $62,932 (2022). A two-bedroom unit at the Small Area FMR costs $14,040 a year, or 22% of that income.