Location: Tipton County, IN | Metro: Tipton County, IN HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $930 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,230 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,620 |
| 5 Bedrooms | $1,879 |
| 6 Bedrooms | $2,104 |
| 7 Bedrooms | $2,272 |
| 8 Bedrooms | $2,386 |
U.S. Census Bureau data (2024)
0.0% of the residents in ZIP code 46045 are renters, indicating a predominantly owner-occupied area. This statistic suggests that landlords might find limited opportunities for traditional rental properties in this region. However, for those interested in Section 8 housing, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,100, providing a clear guideline for acceptable rental rates under the program. The median income of $160,912 in ZIP 46045 is significantly higher than the national average, which could imply a strong local economy capable of supporting various types of housing investments. Despite the high median income, the lack of available data on market rent and median home values means investors must rely on broader regional trends to estimate potential property values and rental incomes. The absence of data on Days on Market (DOM) and the percentage of homes needing price cuts further limits insights into the local real estate market's liquidity and competitiveness. In conclusion, while traditional rental opportunities may be scarce due to the low renter share, the robust median income and defined Section 8 FMR present a stable environment for Section 8 landlords. Verdict: Suitable for Section 8 investments with caution advised due to data limitations.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
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.