Section 8 Fair Market Rent (FMR) for ZIP 46018 - 2027

FY 2027 Fair Market Rent Rates

The analysis of ZIP code 46018 (Anderson, IN) reveals a moderate-yield and stable market environment. The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $1140, which provides a benchmark for rental income. However, the lack of specific market and home value data complicates a precise yield classification.

Despite the incomplete data, the presence of various home listings on Zillow suggests a dynamic market. For instance, a 5-bedroom, 4-bathroom home listed at $299,900 could offer good potential for rental income if it aligns with the local FMR. Similarly, a smaller 2-bedroom, 1-bathroom home priced at $180,000 might serve as a lower-cost investment option.

The stability of the market in ZIP 46018 is somewhat uncertain due to the absence of key metrics such as renter percentage, days on market (DOM), and median household income. However, the availability of multiple listings and active management options indicate that the market is not volatile.

Given the available data, ZIP 46018 appears to be neither a high-yield/low-stability flip-style market nor a purely steady-cashflow zone. Instead, it falls somewhere in between, offering opportunities for both short-term flipping and long-term rental investments. Landlords and small-portfolio investors should consider the $1140 FMR as a guide for setting rents and evaluate individual properties based on their size, condition, and location to determine potential yields.

Data Sources: FMR data from HUD (2027).

About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.