ZIP 47561 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 47561 in the Sullivan County, IN FMR area.

Sullivan County, IN

$770Efficiency

$7801 bedroom

$1,0102 bedrooms

$1,3403 bedrooms

$1,5504 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$770	$693	$847	$810
1 bedroom	$780	$702	$858	$816
2 bedrooms	$1,010	$909	$1,111	$1,067
3 bedrooms	$1,340	$1,206	$1,474	$1,370
4 bedrooms	$1,550	$1,395	$1,705	$1,783

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

Knox County, IN

$770Efficiency

$7801 bedroom

$1,0102 bedrooms

$1,3403 bedrooms

$1,5504 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$770	$693	$847	$769
1 bedroom	$780	$702	$858	$775
2 bedrooms	$1,010	$909	$1,111	$1,014
3 bedrooms	$1,340	$1,206	$1,474	$1,332
4 bedrooms	$1,550	$1,395	$1,705	$1,333

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

Income in ZIP 47561

$69,536average adjusted gross income per tax return (2022)

$42,935average salaries and wages per return

690tax returns filed

17%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	31.9%
$25,000 to $50,000	23.2%
$50,000 to $75,000	14.5%
$75,000 to $100,000	11.6%
$100,000 to $200,000	14.5%
$200,000 or more	4.3%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 11.6% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 47561?

HUD's FY2027 Small Area FMRs for ZIP 47561 (Sullivan County, IN) are $770 efficiency, $780 one bedroom, $1,010 two bedrooms, $1,340 three and $1,550 four bedrooms.

What payment standard can a housing authority set in ZIP 47561?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $909 to $1,111.

How affordable is rent in ZIP 47561?

Tax returns filed from ZIP 47561 reported an average adjusted gross income of $69,536 (2022). A two-bedroom unit at the Small Area FMR costs $12,120 a year, or 17% of that income.