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FY2017 Hypothetical Small Area FMRs For Johnson 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.

Johnson County is part of the Indianapolis-Carmel-Anderson, IN MSA.

Johnson County, IN Hypothetical Small Area FMRs By Unit Bedrooms
ZIP Code Efficiency One-Bedroom Two-Bedroom Three-Bedroom Four-Bedroom ZIP/CBSA Ratio
46106 $650 $760 $930 $1,240 $1,420 1.091
46124 $530 $610 $750 $990 $1,120 0.885
46131 $630 $730 $900 $1,200 $1,380 1.065
46142 $530 $620 $760 $1,010 $1,160 0.893
46143 $650 $760 $930 $1,240 $1,420 1.098
46160 $630 $720 $890 $1,180 $1,360 1.050
46162 $600 $700 $860 $1,140 $1,310 1.012
46164 $700 $810 $990 $1,320 $1,510 1.165
46181 $720 $830 $1,020 $1,360 $1,560 1.206
46184 $810 $940 $1,160 $1,540 $1,770 1.368
46259 $580 $680 $830 $1,100 $1,270 0.973

* 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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