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FY2017 Hypothetical Small Area FMRs For Harrison County, IN

In metropolitan areas, HUD defines Small Areas using ZIP Codes within the metropolitan area. Using ZIP codes as the basis for FMRs provides tenants with greater ability to move into ?Opportunity Neighborhoods? with jobs, public transportation, and good schools. They also provide for multiple payment standards within a metropolitan area, and they are likely to reduce need for extensive market area rent reasonableness studies. Lastly, HUD hopes that setting FMRs for each ZIP code will reduce overpayment in lower-rent areas.

Harrison County is part of the Louisville/Jefferson County, KY-IN MSA.

Harrison County, IN Hypothetical Small Area FMRs By Unit Bedrooms
ZIP Code Efficiency One-Bedroom Two-Bedroom Three-Bedroom Four-Bedroom ZIP/CBSA Ratio
47110 $500 $570 $720 $980 $1,110 0.929
47112 $500 $560 $710 $970 $1,100 0.919
47114 $820 $930 $1,170 $1,590 $1,810 1.715
47115 $480 $540 $680 $930 $1,050 0.875
47117 $530 $600 $760 $1,030 $1,180 0.973
47122 $570 $650 $820 $1,120 $1,270 1.060
47124 $770 $870 $1,100 $1,500 $1,700 1.419
47135 $500 $570 $720 $980 $1,110 0.929
47136 $520 $590 $740 $1,010 $1,140 0.946
47137 $500 $570 $720 $980 $1,110 0.929
47142 $500 $570 $720 $980 $1,110 0.929
47160 $500 $570 $720 $980 $1,110 0.929
47161 $550 $620 $780 $1,060 $1,210 1.006
47164 $470 $530 $670 $910 $1,040 0.769
47166 $500 $570 $720 $980 $1,110 0.929

* Small Area FMRs presented with an asterisk are calculated in accordance with the Guidance For Preparing Comments on Small Area FMRs available at here.

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