47190

ZIPSAFMR

Clark County, IN

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$960	$1,060	0.0%
1 BR	$1,040	$1,140	-0.6%
2 BR	$1,250	$1,380	-0.8%
3 BR	$1,600	$1,760	-1.4%
4 BR	$1,840	$2,020	-1.4%
5 BR	$2,116	Not available	-1.4%
6 BR	$2,433	Not available	-1.4%
7 BR	$2,798	Not available	-1.4%
8 BR	$3,218	Not available	-1.4%

Purchase Price Calculator

Maximum purchase price

$143,151

Cost breakdown

+Likely effective rent$1,380

HUD FMR$1,250

Market rent$1,510

Est. payment standard (110%)Used$1,380

-Principal and interest-$724

Loan amount$114,521

Down payment$28,630

Rate6.50%

Term30 years

-Operating costs-$456

Property taxes-$143

Insurance-$175

Utilities$0

HOA$0

Management-$138

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$22,310(77.9% ROI)

Projected value

$154,158

Return breakdown

Property appreciation+$11,007

Loan principal paid down+$4,103

Rental cash flow+$7,200

5-year hold

+$38,128(133.2% ROI)

Projected value

$161,962

Return breakdown

Property appreciation+$18,811

Loan principal paid down+$7,317

Rental cash flow+$12,000

10-year hold

+$81,529(284.8% ROI)

Projected value

$183,245

Return breakdown

Property appreciation+$40,094

Loan principal paid down+$17,434

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.77ratio

FMR$960

Market$1,240

vs market-$280

FMR is below market; voucher rent may lag private rents.

0.77

1 BR

0.87ratio

FMR$1,040

Market$1,190

vs market-$150

FMR is below market; voucher rent may lag private rents.

0.87

2 BR

0.83ratio

FMR$1,250

Market$1,510

vs market-$260

FMR is below market; voucher rent may lag private rents.

0.83

3 BR

0.79ratio

FMR$1,600

Market$2,020

vs market-$420

FMR is below market; voucher rent may lag private rents.

0.79

4 BR

0.85ratio

FMR$1,840

Market$2,170

vs market-$330

FMR is below market; voucher rent may lag private rents.

0.85

0.700.800.901.001.101.201.30aligned range

Historical

FY 2023-2027

FMR: FY2027
Market rent: last ~365 days
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 47190 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 47190 (Jeffersonville, IN) is $1,250 a month. That is up 0.8% from $1,240 in FY 2026. Jeffersonville is in the Louisville, KY-IN HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 20 ZIP codes in Clark County, 47190 is tied for the 6th-highest two-bedroom rent (county range $1,010–$1,910). The median county two-bedroom FMR in Indiana is $1,086, so ZIP 47190 is 15% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 47190
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$940	$960	+2.1%	$864–$1,056
1BR	$1,020	$1,040	+2.0%	$936–$1,144
2BR	$1,240	$1,250	+0.8%	$1,125–$1,375
3BR	$1,580	$1,600	+1.3%	$1,440–$1,760
4BR	$1,840	$1,840	0.0%	$1,656–$2,024

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 47190
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$960	$1,040	$1,250	$1,600	$1,840
FY 2026	$940	$1,020	$1,240	$1,580	$1,840
FY 2025	$980	$1,070	$1,300	$1,680	$1,940
FY 2024	$960	$1,060	$1,280	$1,670	$1,920
FY 2023	$760	$860	$1,030	$1,370	$1,570

Two-bedroom rent in nearby Clark County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 47190
47138	$1,510	+20.8%
47141	$1,160	−7.2%
47143	$1,910	+52.8%
47147	$1,170	−6.4%
47150	$1,250	0.0%
47162	$1,250	0.0%
47163	$1,100	−12.0%
47165	$1,070	−14.4%
47172	$1,310	+4.8%
47177	$1,170	−6.4%
47190Current	$1,250	—
47243	$1,090	−12.8%

Questions about ZIP 47190 rents

How much will Section 8 pay for a two-bedroom in ZIP 47190?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,250, that basic range is $1,125 to $1,375 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 47190 in?

ZIP 47190 is in the Louisville, KY-IN HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in ZIP 47190 for FY 2027?

The two-bedroom FMR rose 0.8%, from $1,240 in FY 2026 to $1,250 in FY 2027. Since FY 2023 it has risen 21.4%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rent Jeffersonville, IN fair market rent IN statewide rents What is SAFMR?Data sources