ZIP 47468 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 47468 in the Bloomington, IN FMR area.

Bloomington, IN

$990Efficiency
$1,1001 bedroom
$1,2602 bedrooms
$1,6203 bedrooms
$1,9704 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$990$891$1,089$1,001
1 bedroom$1,100$990$1,210$1,096
2 bedrooms$1,260$1,134$1,386$1,252
3 bedrooms$1,620$1,458$1,782$1,601
4 bedrooms$1,970$1,773$2,167$1,932

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

Indianapolis-Carmel, IN

$990Efficiency
$1,1001 bedroom
$1,2602 bedrooms
$1,6203 bedrooms
$1,9704 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$990$891$1,089$1,187
1 bedroom$1,100$990$1,210$1,336
2 bedrooms$1,260$1,134$1,386$1,536
3 bedrooms$1,620$1,458$1,782$1,991
4 bedrooms$1,970$1,773$2,167$2,425

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

Income in ZIP 47468

$99,596average adjusted gross income per tax return (2022)
$51,019average salaries and wages per return
670tax returns filed
15%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00026.9%
$25,000 to $50,00022.4%
$50,000 to $75,00013.4%
$75,000 to $100,0009.0%
$100,000 to $200,00019.4%
$200,000 or more9.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 10.4% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 47468?

HUD's FY2027 Small Area FMRs for ZIP 47468 (Bloomington, IN) are $990 efficiency, $1,100 one bedroom, $1,260 two bedrooms, $1,620 three and $1,970 four bedrooms.

What payment standard can a housing authority set in ZIP 47468?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,134 to $1,386.

How affordable is rent in ZIP 47468?

Tax returns filed from ZIP 47468 reported an average adjusted gross income of $99,596 (2022). A two-bedroom unit at the Small Area FMR costs $15,120 a year, or 15% of that income.