ZIP 47438 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 47438 in the Terre Haute, IN FMR area.

Terre Haute, IN

$800Efficiency

$8001 bedroom

$1,0502 bedrooms

$1,3003 bedrooms

$1,5604 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$800	$720	$880	$890
1 bedroom	$800	$720	$880	$896
2 bedrooms	$1,050	$945	$1,155	$1,164
3 bedrooms	$1,300	$1,170	$1,430	$1,387
4 bedrooms	$1,560	$1,404	$1,716	$1,610

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

Sullivan County, IN

$800Efficiency

$8001 bedroom

$1,0502 bedrooms

$1,3003 bedrooms

$1,5604 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$800	$720	$880	$810
1 bedroom	$800	$720	$880	$816
2 bedrooms	$1,050	$945	$1,155	$1,067
3 bedrooms	$1,300	$1,170	$1,430	$1,370
4 bedrooms	$1,560	$1,404	$1,716	$1,783

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

Greene County, IN

$800Efficiency

$8001 bedroom

$1,0502 bedrooms

$1,3003 bedrooms

$1,5604 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$800	$720	$880	$770
1 bedroom	$800	$720	$880	$775
2 bedrooms	$1,050	$945	$1,155	$1,014
3 bedrooms	$1,300	$1,170	$1,430	$1,266
4 bedrooms	$1,560	$1,404	$1,716	$1,533

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

Income in ZIP 47438

$55,482average adjusted gross income per tax return (2022)

$41,638average salaries and wages per return

1,860tax returns filed

23%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	34.9%
$25,000 to $50,000	21.5%
$50,000 to $75,000	16.1%
$75,000 to $100,000	12.4%
$100,000 to $200,000	13.4%
$200,000 or more	1.6%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 18.3% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 47438?

HUD's FY2027 Small Area FMRs for ZIP 47438 (Terre Haute, IN) are $800 efficiency, $800 one bedroom, $1,050 two bedrooms, $1,300 three and $1,560 four bedrooms.

What payment standard can a housing authority set in ZIP 47438?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $945 to $1,155.

How affordable is rent in ZIP 47438?

Tax returns filed from ZIP 47438 reported an average adjusted gross income of $55,482 (2022). A two-bedroom unit at the Small Area FMR costs $12,600 a year, or 23% of that income.