ZIP 47725 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 47725 in the Evansville, IN MSA FMR area.

Evansville, IN MSA

$1,270Efficiency
$1,2801 bedroom
$1,6502 bedrooms
$2,0303 bedrooms
$2,2504 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,270$1,143$1,397$866
1 bedroom$1,280$1,152$1,408$872
2 bedrooms$1,650$1,485$1,815$1,127
3 bedrooms$2,030$1,827$2,233$1,387
4 bedrooms$2,250$2,025$2,475$1,534

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

Gibson County, IN

$1,270Efficiency
$1,2801 bedroom
$1,6502 bedrooms
$2,0303 bedrooms
$2,2504 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,270$1,143$1,397$822
1 bedroom$1,280$1,152$1,408$828
2 bedrooms$1,650$1,485$1,815$1,083
3 bedrooms$2,030$1,827$2,233$1,364
4 bedrooms$2,250$2,025$2,475$1,524

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

Income in ZIP 47725

$117,965average adjusted gross income per tax return (2022)
$73,743average salaries and wages per return
9,720tax returns filed
17%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00021.4%
$25,000 to $50,00014.2%
$50,000 to $75,00013.3%
$75,000 to $100,00012.6%
$100,000 to $200,00028.0%
$200,000 or more10.6%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 5.0% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 47725?

HUD's FY2027 Small Area FMRs for ZIP 47725 (Evansville, IN MSA) are $1,270 efficiency, $1,280 one bedroom, $1,650 two bedrooms, $2,030 three and $2,250 four bedrooms.

What payment standard can a housing authority set in ZIP 47725?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,485 to $1,815.

How affordable is rent in ZIP 47725?

Tax returns filed from ZIP 47725 reported an average adjusted gross income of $117,965 (2022). A two-bedroom unit at the Small Area FMR costs $19,800 a year, or 17% of that income.