Location: Rush County, IN | Metro: Rush County, IN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
U.S. Census Bureau data (2024)
ZIP code 46155, located within the Rush County, IN metro area, presents an interesting profile for real estate analysis. The Fair Market Rent (FMR) for this ZIP is set at $970 for fiscal year 2026. This figure is crucial for understanding the rental dynamics in the area, especially for those involved with Section 8 housing.
The market rent and home value data for ZIP 46155 are currently unavailable, which limits a direct comparison with other ZIP codes within Rush County. However, the 78.3% renter share in 46155 is significantly higher than the average for Rush County, where the renter share is typically lower. This high percentage of renters could indicate a strong demand for rental properties, potentially making it a valuable area for landlords and investors focused on the rental market.
To determine whether ZIP 46155 represents a value pocket, a mid-tier neighborhood, or a premium sub-market within the Rush County, IN metro, we must consider the implications of the available data. A high renter share, such as the one observed in 46155, often correlates with areas that are attractive to Section 8 participants due to affordable housing options. Since the FMR is established at $970, this suggests that rental properties priced around this figure would be most suitable for Section 8 tenants, indicating a potential value pocket for investors who can offer affordable yet quality rental units.
The absence of market rent and home value data for ZIP 46155 makes it difficult to draw precise conclusions about its position relative to other ZIP codes within the county. However, the combination of a high renter share and an FMR that aligns with the lower end of the rental spectrum suggests that this ZIP could be particularly appealing for small-portfolio investors looking to tap into the Section 8 market. It's important to note that while the FMR provides a benchmark for rental pricing, actual market conditions and competition will influence the final decision on investment strategy.
In summary, ZIP 46155 appears to be a value pocket within the Rush County, IN metro, given its high renter share and established FMR. This ZIP offers opportunities for landlords and investors who can provide rental units that meet the needs of Section 8 participants without assuming additional data not present in the current figures.
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.