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FY2017 Hypothetical Small Area FMRs For Tippecanoe 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.

Tippecanoe County is part of the Lafayette-West Lafayette, IN MSA.

Tippecanoe County, IN Hypothetical Small Area FMRs By Unit Bedrooms
ZIP Code Efficiency One-Bedroom Two-Bedroom Three-Bedroom Four-Bedroom ZIP/CBSA Ratio
46058 $590 $660 $790 $1,080 $1,310 0.951
46923 $520 $570 $690 $940 $1,150 0.836
47901 $500 $560 $670 $910 $1,110 0.801
47902 $620 $690 $830 $1,130 $1,380 1.006
47903 $620 $690 $830 $1,130 $1,380 1.006
47904 $600 $660 $800 $1,090 $1,330 0.972
47905 $620 $680 $820 $1,120 $1,360 0.987
47906 $680 $750 $900 $1,230 $1,500 1.093
47907 $620 $690 $830 $1,130 $1,380 1.006
47909 $620 $680 $820 $1,120 $1,360 0.987
47918 $530 $580 $700 $950 $1,160 0.847
47920 $600 $660 $800 $1,090 $1,330 0.965
47924 $620 $690 $830 $1,130 $1,380 1.006
47930 $710 $790 $950 $1,290 $1,580 1.146
47941 $670 $740 $890 $1,210 $1,480 1.082
47955 $660 $730 $880 $1,200 $1,460 1.060
47967 $640 $710 $850 $1,160 $1,410 1.027
47970 $620 $690 $830 $1,130 $1,380 1.008
47981 $860 $960 $1,150 $1,570 $1,910 1.395
47983 $620 $690 $830 $1,130 $1,380 1.006
47992 $500 $560 $670 $910 $1,110 0.692
47996 $620 $690 $830 $1,130 $1,380 1.006

* 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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