ZIP 47601 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 47601 in the Evansville, IN MSA FMR area.

Evansville, IN MSA

$780Efficiency

$7801 bedroom

$1,0102 bedrooms

$1,2503 bedrooms

$1,3904 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$780	$702	$858	$866
1 bedroom	$780	$702	$858	$872
2 bedrooms	$1,010	$909	$1,111	$1,127
3 bedrooms	$1,250	$1,125	$1,375	$1,387
4 bedrooms	$1,390	$1,251	$1,529	$1,534

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

Spencer County, IN

$780Efficiency

$7801 bedroom

$1,0102 bedrooms

$1,2503 bedrooms

$1,3904 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$780	$702	$858	$706
1 bedroom	$780	$702	$858	$775
2 bedrooms	$1,010	$909	$1,111	$1,014
3 bedrooms	$1,250	$1,125	$1,375	$1,351
4 bedrooms	$1,390	$1,251	$1,529	$1,356

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

Income in ZIP 47601

$71,706average adjusted gross income per tax return (2022)

$49,384average salaries and wages per return

6,790tax returns filed

17%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	28.9%
$25,000 to $50,000	23.0%
$50,000 to $75,000	15.2%
$75,000 to $100,000	11.3%
$100,000 to $200,000	17.8%
$200,000 or more	3.8%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 12.4% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 47601?

HUD's FY2027 Small Area FMRs for ZIP 47601 (Evansville, IN MSA) are $780 efficiency, $780 one bedroom, $1,010 two bedrooms, $1,250 three and $1,390 four bedrooms.

What payment standard can a housing authority set in ZIP 47601?

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 47601?

Tax returns filed from ZIP 47601 reported an average adjusted gross income of $71,706 (2022). A two-bedroom unit at the Small Area FMR costs $12,120 a year, or 17% of that income.