ZIP 47906 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 47906 in the Warren County, IN FMR area.

Warren County, IN

$1,000Efficiency

$1,1301 bedroom

$1,3502 bedrooms

$1,6103 bedrooms

$2,2604 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$1,000	$900	$1,100	$750
1 bedroom	$1,130	$1,017	$1,243	$892
2 bedrooms	$1,350	$1,215	$1,485	$1,014
3 bedrooms	$1,610	$1,449	$1,771	$1,328
4 bedrooms	$2,260	$2,034	$2,486	$1,333

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

Lafayette-West Lafayette, IN

$1,000Efficiency

$1,1301 bedroom

$1,3502 bedrooms

$1,6103 bedrooms

$2,2604 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$1,000	$900	$1,100	$942
1 bedroom	$1,130	$1,017	$1,243	$1,070
2 bedrooms	$1,350	$1,215	$1,485	$1,273
3 bedrooms	$1,610	$1,449	$1,771	$1,517
4 bedrooms	$2,260	$2,034	$2,486	$2,128

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

White County, IN

$1,000Efficiency

$1,1301 bedroom

$1,3502 bedrooms

$1,6103 bedrooms

$2,2604 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$1,000	$900	$1,100	$848
1 bedroom	$1,130	$1,017	$1,243	$867
2 bedrooms	$1,350	$1,215	$1,485	$1,134
3 bedrooms	$1,610	$1,449	$1,771	$1,351
4 bedrooms	$2,260	$2,034	$2,486	$1,490

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

Income in ZIP 47906

$95,719average adjusted gross income per tax return (2022)

$63,611average salaries and wages per return

22,450tax returns filed

17%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	29.8%
$25,000 to $50,000	19.3%
$50,000 to $75,000	11.6%
$75,000 to $100,000	9.0%
$100,000 to $200,000	19.7%
$200,000 or more	10.7%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 8.3% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 47906?

HUD's FY2027 Small Area FMRs for ZIP 47906 (Warren County, IN) are $1,000 efficiency, $1,130 one bedroom, $1,350 two bedrooms, $1,610 three and $2,260 four bedrooms.

What payment standard can a housing authority set in ZIP 47906?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,215 to $1,485.

How affordable is rent in ZIP 47906?

Tax returns filed from ZIP 47906 reported an average adjusted gross income of $95,719 (2022). A two-bedroom unit at the Small Area FMR costs $16,200 a year, or 17% of that income.