ZIP 47459 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 47459 in the Owen County, IN FMR area.

Owen County, IN

$850Efficiency
$8901 bedroom
$1,0902 bedrooms
$1,3603 bedrooms
$1,6704 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$850$765$935$818
1 bedroom$890$801$979$914
2 bedrooms$1,090$981$1,199$1,014
3 bedrooms$1,360$1,224$1,496$1,244
4 bedrooms$1,670$1,503$1,837$1,606

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

Greene County, IN

$850Efficiency
$8901 bedroom
$1,0902 bedrooms
$1,3603 bedrooms
$1,6704 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$850$765$935$770
1 bedroom$890$801$979$775
2 bedrooms$1,090$981$1,199$1,014
3 bedrooms$1,360$1,224$1,496$1,266
4 bedrooms$1,670$1,503$1,837$1,533

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

Income in ZIP 47459

$65,678average adjusted gross income per tax return (2022)
$47,474average salaries and wages per return
1,670tax returns filed
20%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00026.9%
$25,000 to $50,00024.6%
$50,000 to $75,00016.8%
$75,000 to $100,00012.0%
$100,000 to $200,00017.4%
$200,000 or more2.4%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 12.6% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 47459?

HUD's FY2027 Small Area FMRs for ZIP 47459 (Owen County, IN) are $850 efficiency, $890 one bedroom, $1,090 two bedrooms, $1,360 three and $1,670 four bedrooms.

What payment standard can a housing authority set in ZIP 47459?

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 47459?

Tax returns filed from ZIP 47459 reported an average adjusted gross income of $65,678 (2022). A two-bedroom unit at the Small Area FMR costs $13,080 a year, or 20% of that income.