ZIP 47838 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 47838 in the Sullivan County, IN FMR area.

Sullivan County, IN

$770Efficiency

$7801 bedroom

$1,0102 bedrooms

$1,3103 bedrooms

$1,7004 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	$1,310	$1,179	$1,441	$1,370
4 bedrooms	$1,700	$1,530	$1,870	$1,783

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

Greene County, IN

$770Efficiency

$7801 bedroom

$1,0102 bedrooms

$1,3103 bedrooms

$1,7004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$770	$693	$847	$770
1 bedroom	$780	$702	$858	$775
2 bedrooms	$1,010	$909	$1,111	$1,014
3 bedrooms	$1,310	$1,179	$1,441	$1,266
4 bedrooms	$1,700	$1,530	$1,870	$1,533

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

$1,3103 bedrooms

$1,7004 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	$1,310	$1,179	$1,441	$1,332
4 bedrooms	$1,700	$1,530	$1,870	$1,333

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

Income in ZIP 47838

$56,834average adjusted gross income per tax return (2022)

$38,681average salaries and wages per return

930tax returns filed

21%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	34.4%
$25,000 to $50,000	21.5%
$50,000 to $75,000	16.1%
$75,000 to $100,000	11.8%
$100,000 to $200,000	16.1%
$200,000 or more	0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 14.0% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 47838?

HUD's FY2027 Small Area FMRs for ZIP 47838 (Sullivan County, IN) are $770 efficiency, $780 one bedroom, $1,010 two bedrooms, $1,310 three and $1,700 four bedrooms.

What payment standard can a housing authority set in ZIP 47838?

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 47838?

Tax returns filed from ZIP 47838 reported an average adjusted gross income of $56,834 (2022). A two-bedroom unit at the Small Area FMR costs $12,120 a year, or 21% of that income.