ZIP 47714 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 47714 in the Evansville, IN MSA FMR area.

$910Efficiency
$9101 bedroom
$1,1802 bedrooms
$1,4503 bedrooms
$1,6104 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$910$819$1,001$866
1 bedroom$910$819$1,001$872
2 bedrooms$1,180$1,062$1,298$1,127
3 bedrooms$1,450$1,305$1,595$1,387
4 bedrooms$1,610$1,449$1,771$1,534

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

Income in ZIP 47714

$54,156average adjusted gross income per tax return (2022)
$38,687average salaries and wages per return
15,210tax returns filed
26%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00036.1%
$25,000 to $50,00031.4%
$50,000 to $75,00015.8%
$75,000 to $100,0007.8%
$100,000 to $200,0007.2%
$200,000 or more1.8%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 22.9% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 47714?

HUD's FY2027 Small Area FMRs for ZIP 47714 (Evansville, IN MSA) are $910 efficiency, $910 one bedroom, $1,180 two bedrooms, $1,450 three and $1,610 four bedrooms.

What payment standard can a housing authority set in ZIP 47714?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,062 to $1,298.

How affordable is rent in ZIP 47714?

Tax returns filed from ZIP 47714 reported an average adjusted gross income of $54,156 (2022). A two-bedroom unit at the Small Area FMR costs $14,160 a year, or 26% of that income.