ZIP 47460 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 47460 in the Bloomington, IN FMR area.

Bloomington, IN

$870Efficiency

$9701 bedroom

$1,0902 bedrooms

$1,4203 bedrooms

$1,7204 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$870	$783	$957	$1,001
1 bedroom	$970	$873	$1,067	$1,096
2 bedrooms	$1,090	$981	$1,199	$1,252
3 bedrooms	$1,420	$1,278	$1,562	$1,601
4 bedrooms	$1,720	$1,548	$1,892	$1,932

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

Owen County, IN

$870Efficiency

$9701 bedroom

$1,0902 bedrooms

$1,4203 bedrooms

$1,7204 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$870	$783	$957	$818
1 bedroom	$970	$873	$1,067	$914
2 bedrooms	$1,090	$981	$1,199	$1,014
3 bedrooms	$1,420	$1,278	$1,562	$1,244
4 bedrooms	$1,720	$1,548	$1,892	$1,606

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

Greene County, IN

$870Efficiency

$9701 bedroom

$1,0902 bedrooms

$1,4203 bedrooms

$1,7204 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$870	$783	$957	$770
1 bedroom	$970	$873	$1,067	$775
2 bedrooms	$1,090	$981	$1,199	$1,014
3 bedrooms	$1,420	$1,278	$1,562	$1,266
4 bedrooms	$1,720	$1,548	$1,892	$1,533

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

Income in ZIP 47460

$61,919average adjusted gross income per tax return (2022)

$43,664average salaries and wages per return

5,410tax returns filed

21%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	29.9%
$25,000 to $50,000	25.3%
$50,000 to $75,000	15.7%
$75,000 to $100,000	11.6%
$100,000 to $200,000	14.6%
$200,000 or more	2.8%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 14.2% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 47460?

HUD's FY2027 Small Area FMRs for ZIP 47460 (Bloomington, IN) are $870 efficiency, $970 one bedroom, $1,090 two bedrooms, $1,420 three and $1,720 four bedrooms.

What payment standard can a housing authority set in ZIP 47460?

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 47460?

Tax returns filed from ZIP 47460 reported an average adjusted gross income of $61,919 (2022). A two-bedroom unit at the Small Area FMR costs $13,080 a year, or 21% of that income.