ZIP 47456 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 47456 in the Owen County, IN FMR area.

Owen County, IN

$850Efficiency

$9601 bedroom

$1,1002 bedrooms

$1,4403 bedrooms

$1,7604 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$850	$765	$935	$818
1 bedroom	$960	$864	$1,056	$914
2 bedrooms	$1,100	$990	$1,210	$1,014
3 bedrooms	$1,440	$1,296	$1,584	$1,244
4 bedrooms	$1,760	$1,584	$1,936	$1,606

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

Indianapolis-Carmel, IN

$850Efficiency

$9601 bedroom

$1,1002 bedrooms

$1,4403 bedrooms

$1,7604 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$850	$765	$935	$1,187
1 bedroom	$960	$864	$1,056	$1,336
2 bedrooms	$1,100	$990	$1,210	$1,536
3 bedrooms	$1,440	$1,296	$1,584	$1,991
4 bedrooms	$1,760	$1,584	$1,936	$2,425

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

Putnam County, IN

$850Efficiency

$9601 bedroom

$1,1002 bedrooms

$1,4403 bedrooms

$1,7604 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$850	$765	$935	$790
1 bedroom	$960	$864	$1,056	$905
2 bedrooms	$1,100	$990	$1,210	$1,056
3 bedrooms	$1,440	$1,296	$1,584	$1,462
4 bedrooms	$1,760	$1,584	$1,936	$1,742

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

Income in ZIP 47456

$68,346average adjusted gross income per tax return (2022)

$50,722average salaries and wages per return

590tax returns filed

19%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	25.4%
$25,000 to $50,000	20.3%
$50,000 to $75,000	18.6%
$75,000 to $100,000	13.6%
$100,000 to $200,000	22.0%
$200,000 or more	0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 10.2% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 47456?

HUD's FY2027 Small Area FMRs for ZIP 47456 (Owen County, IN) are $850 efficiency, $960 one bedroom, $1,100 two bedrooms, $1,440 three and $1,760 four bedrooms.

What payment standard can a housing authority set in ZIP 47456?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $990 to $1,210.

How affordable is rent in ZIP 47456?

Tax returns filed from ZIP 47456 reported an average adjusted gross income of $68,346 (2022). A two-bedroom unit at the Small Area FMR costs $13,200 a year, or 19% of that income.