ZIP 47712 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 47712 in the Evansville, IN MSA FMR area.

$840Efficiency
$8401 bedroom
$1,0902 bedrooms
$1,3403 bedrooms
$1,4804 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$840$756$924$866
1 bedroom$840$756$924$872
2 bedrooms$1,090$981$1,199$1,127
3 bedrooms$1,340$1,206$1,474$1,387
4 bedrooms$1,480$1,332$1,628$1,534

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

Income in ZIP 47712

$69,980average adjusted gross income per tax return (2022)
$46,540average salaries and wages per return
11,160tax returns filed
19%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00029.3%
$25,000 to $50,00025.3%
$50,000 to $75,00015.7%
$75,000 to $100,00010.1%
$100,000 to $200,00015.9%
$200,000 or more3.7%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 12.5% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 47712?

HUD's FY2027 Small Area FMRs for ZIP 47712 (Evansville, IN MSA) are $840 efficiency, $840 one bedroom, $1,090 two bedrooms, $1,340 three and $1,480 four bedrooms.

What payment standard can a housing authority set in ZIP 47712?

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 47712?

Tax returns filed from ZIP 47712 reported an average adjusted gross income of $69,980 (2022). A two-bedroom unit at the Small Area FMR costs $13,080 a year, or 19% of that income.