ZIP 47433 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 47433 in the Bloomington, IN FMR area.

Bloomington, IN

$810Efficiency

$9101 bedroom

$1,0102 bedrooms

$1,3003 bedrooms

$1,6004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$810	$729	$891	$1,001
1 bedroom	$910	$819	$1,001	$1,096
2 bedrooms	$1,010	$909	$1,111	$1,252
3 bedrooms	$1,300	$1,170	$1,430	$1,601
4 bedrooms	$1,600	$1,440	$1,760	$1,932

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

Owen County, IN

$810Efficiency

$9101 bedroom

$1,0102 bedrooms

$1,3003 bedrooms

$1,6004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$810	$729	$891	$818
1 bedroom	$910	$819	$1,001	$914
2 bedrooms	$1,010	$909	$1,111	$1,014
3 bedrooms	$1,300	$1,170	$1,430	$1,244
4 bedrooms	$1,600	$1,440	$1,760	$1,606

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

Indianapolis-Carmel, IN

$810Efficiency

$9101 bedroom

$1,0102 bedrooms

$1,3003 bedrooms

$1,6004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$810	$729	$891	$1,187
1 bedroom	$910	$819	$1,001	$1,336
2 bedrooms	$1,010	$909	$1,111	$1,536
3 bedrooms	$1,300	$1,170	$1,430	$1,991
4 bedrooms	$1,600	$1,440	$1,760	$2,425

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

Income in ZIP 47433

$62,337average adjusted gross income per tax return (2022)

$45,813average salaries and wages per return

1,880tax returns filed

19%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	29.3%
$25,000 to $50,000	24.5%
$50,000 to $75,000	16.5%
$75,000 to $100,000	11.2%
$100,000 to $200,000	16.0%
$200,000 or more	2.7%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 14.9% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 47433?

HUD's FY2027 Small Area FMRs for ZIP 47433 (Bloomington, IN) are $810 efficiency, $910 one bedroom, $1,010 two bedrooms, $1,300 three and $1,600 four bedrooms.

What payment standard can a housing authority set in ZIP 47433?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $909 to $1,111.

How affordable is rent in ZIP 47433?

Tax returns filed from ZIP 47433 reported an average adjusted gross income of $62,337 (2022). A two-bedroom unit at the Small Area FMR costs $12,120 a year, or 19% of that income.