ZIP 47849 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 47849 in the Sullivan County, IN FMR area.

$940Efficiency
$9701 bedroom
$1,2602 bedrooms
$1,5803 bedrooms
$2,0004 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$940$846$1,034$810
1 bedroom$970$873$1,067$816
2 bedrooms$1,260$1,134$1,386$1,067
3 bedrooms$1,580$1,422$1,738$1,370
4 bedrooms$2,000$1,800$2,200$1,783

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

Income in ZIP 47849

$71,809average adjusted gross income per tax return (2022)
$49,077average salaries and wages per return
220tax returns filed
21%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00022.7%
$25,000 to $50,00027.3%
$50,000 to $75,00013.6%
$75,000 to $100,0009.1%
$100,000 to $200,00027.3%
$200,000 or more0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 13.6% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 47849?

HUD's FY2027 Small Area FMRs for ZIP 47849 (Sullivan County, IN) are $940 efficiency, $970 one bedroom, $1,260 two bedrooms, $1,580 three and $2,000 four bedrooms.

What payment standard can a housing authority set in ZIP 47849?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,134 to $1,386.

How affordable is rent in ZIP 47849?

Tax returns filed from ZIP 47849 reported an average adjusted gross income of $71,809 (2022). A two-bedroom unit at the Small Area FMR costs $15,120 a year, or 21% of that income.