ZIP 47991 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 47991 in the Warren County, IN FMR area.

$750Efficiency
$8901 bedroom
$1,0102 bedrooms
$1,3403 bedrooms
$1,3404 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$750$675$825$750
1 bedroom$890$801$979$892
2 bedrooms$1,010$909$1,111$1,014
3 bedrooms$1,340$1,206$1,474$1,328
4 bedrooms$1,340$1,206$1,474$1,333

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

Income in ZIP 47991

$65,785average adjusted gross income per tax return (2022)
$44,717average salaries and wages per return
470tax returns filed
18%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00025.5%
$25,000 to $50,00027.7%
$50,000 to $75,00012.8%
$75,000 to $100,00014.9%
$100,000 to $200,00019.1%
$200,000 or more0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 14.9% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 47991?

HUD's FY2027 Small Area FMRs for ZIP 47991 (Warren County, IN) are $750 efficiency, $890 one bedroom, $1,010 two bedrooms, $1,340 three and $1,340 four bedrooms.

What payment standard can a housing authority set in ZIP 47991?

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 47991?

Tax returns filed from ZIP 47991 reported an average adjusted gross income of $65,785 (2022). A two-bedroom unit at the Small Area FMR costs $12,120 a year, or 18% of that income.