ZIP 47541 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 47541 in the Evansville, IN MSA FMR area.

Evansville, IN MSA

$810Efficiency

$8201 bedroom

$1,0702 bedrooms

$1,4103 bedrooms

$1,7204 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$810	$729	$891	$866
1 bedroom	$820	$738	$902	$872
2 bedrooms	$1,070	$963	$1,177	$1,127
3 bedrooms	$1,410	$1,269	$1,551	$1,387
4 bedrooms	$1,720	$1,548	$1,892	$1,534

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

Dubois County, IN

$810Efficiency

$8201 bedroom

$1,0702 bedrooms

$1,4103 bedrooms

$1,7204 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$810	$729	$891	$759
1 bedroom	$820	$738	$902	$775
2 bedrooms	$1,070	$963	$1,177	$1,014
3 bedrooms	$1,410	$1,269	$1,551	$1,351
4 bedrooms	$1,720	$1,548	$1,892	$1,695

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

Pike County, IN

$810Efficiency

$8201 bedroom

$1,0702 bedrooms

$1,4103 bedrooms

$1,7204 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$810	$729	$891	$759
1 bedroom	$820	$738	$902	$775
2 bedrooms	$1,070	$963	$1,177	$1,014
3 bedrooms	$1,410	$1,269	$1,551	$1,404
4 bedrooms	$1,720	$1,548	$1,892	$1,429

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

Spencer County, IN

$810Efficiency

$8201 bedroom

$1,0702 bedrooms

$1,4103 bedrooms

$1,7204 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$810	$729	$891	$706
1 bedroom	$820	$738	$902	$775
2 bedrooms	$1,070	$963	$1,177	$1,014
3 bedrooms	$1,410	$1,269	$1,551	$1,351
4 bedrooms	$1,720	$1,548	$1,892	$1,356

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

Income in ZIP 47541

$72,765average adjusted gross income per tax return (2022)

$51,500average salaries and wages per return

630tax returns filed

18%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	27.0%
$25,000 to $50,000	22.2%
$50,000 to $75,000	15.9%
$75,000 to $100,000	11.1%
$100,000 to $200,000	19.0%
$200,000 or more	4.8%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 11.1% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 47541?

HUD's FY2027 Small Area FMRs for ZIP 47541 (Evansville, IN MSA) are $810 efficiency, $820 one bedroom, $1,070 two bedrooms, $1,410 three and $1,720 four bedrooms.

What payment standard can a housing authority set in ZIP 47541?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $963 to $1,177.

How affordable is rent in ZIP 47541?

Tax returns filed from ZIP 47541 reported an average adjusted gross income of $72,765 (2022). A two-bedroom unit at the Small Area FMR costs $12,840 a year, or 18% of that income.