ZIP 47918 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 47918 in the Warren County, IN FMR area.

Warren County, IN

$810Efficiency

$9301 bedroom

$1,1202 bedrooms

$1,3503 bedrooms

$1,8004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$810	$729	$891	$750
1 bedroom	$930	$837	$1,023	$892
2 bedrooms	$1,120	$1,008	$1,232	$1,014
3 bedrooms	$1,350	$1,215	$1,485	$1,328
4 bedrooms	$1,800	$1,620	$1,980	$1,333

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

Lafayette-West Lafayette, IN

$810Efficiency

$9301 bedroom

$1,1202 bedrooms

$1,3503 bedrooms

$1,8004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$810	$729	$891	$942
1 bedroom	$930	$837	$1,023	$1,070
2 bedrooms	$1,120	$1,008	$1,232	$1,273
3 bedrooms	$1,350	$1,215	$1,485	$1,517
4 bedrooms	$1,800	$1,620	$1,980	$2,128

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

Fountain County, IN

$810Efficiency

$9301 bedroom

$1,1202 bedrooms

$1,3503 bedrooms

$1,8004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$810	$729	$891	$759
1 bedroom	$930	$837	$1,023	$775
2 bedrooms	$1,120	$1,008	$1,232	$1,014
3 bedrooms	$1,350	$1,215	$1,485	$1,279
4 bedrooms	$1,800	$1,620	$1,980	$1,695

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

Income in ZIP 47918

$65,782average adjusted gross income per tax return (2022)

$45,177average salaries and wages per return

2,800tax returns filed

20%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	29.6%
$25,000 to $50,000	23.6%
$50,000 to $75,000	17.5%
$75,000 to $100,000	10.7%
$100,000 to $200,000	15.7%
$200,000 or more	2.9%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 15.0% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 47918?

HUD's FY2027 Small Area FMRs for ZIP 47918 (Warren County, IN) are $810 efficiency, $930 one bedroom, $1,120 two bedrooms, $1,350 three and $1,800 four bedrooms.

What payment standard can a housing authority set in ZIP 47918?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,008 to $1,232.

How affordable is rent in ZIP 47918?

Tax returns filed from ZIP 47918 reported an average adjusted gross income of $65,782 (2022). A two-bedroom unit at the Small Area FMR costs $13,440 a year, or 20% of that income.