Section 8 Fair Market Rent (FMR) for ZIP 46063 - 2027

Location: Anderson, IN | Metro: Anderson, IN HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$870
1 Bedroom	$870
2 Bedrooms	$1,140
3 Bedrooms	$1,490
4 Bedrooms	$1,500
5 Bedrooms	$1,740
6 Bedrooms	$1,949
7 Bedrooms	$2,105
8 Bedrooms	$2,210

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

229

Median Household Income

$48,750

Housing Units

110

Renter Percentage

35.4%

Occupancy Rate

87.3%

Renter Occupied

The town of Clinton, located in Connecticut and encompassed by ZIP code 46063, offers a stable environment for real estate investment, particularly for those interested in Section 8 housing opportunities. This suburban area is characterized by a mix of rental and owner-occupied properties, making it an attractive location for both landlords and small-portfolio investors.

The Fair Market Rent (FMR) for ZIP 46063 in fiscal year 2024 is set at $1040, providing a benchmark for rental prices that align with federal guidelines.
The average market rent in Clinton, according to the Census ACS data, stands at $733, indicating a significant gap between market rates and the federally subsidized FMR.
The median home value in ZIP 46063 is $117,838, which is notably lower than many surrounding areas, offering potential for cost-effective property acquisitions.
Renters make up 35.4% of the population, suggesting a substantial demand for rental properties within the community.
The median income of residents is $48,750, reflecting a demographic that is likely to benefit from affordable housing options such as Section 8.
While the exact days on market (DOM) figure is not available, the combination of low median home values and a sizeable renter population suggests that properties can be quickly rented out upon listing.

In summary, ZIP 46063 presents a favorable market for Section 8 investments. The disparity between the Fair Market Rent and the average market rent provides a margin for profit, while the median home value indicates a potentially cost-effective entry point. With nearly a third of the population renting, there is a clear demand for affordable housing. The median income level further supports the viability of Section 8 tenants, ensuring a steady stream of eligible individuals. Despite the lack of specific days on market data, the overall economic indicators suggest a robust rental market, making Clinton an ideal location for landlords and small-portfolio investors looking to capitalize on Section 8 opportunities.

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.