Section 8 Fair Market Rent (FMR) for ZIP 46170 - 2027
Location: Putnam County, IN | Metro: Putnam County, IN
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $790 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,750 |
| 5 Bedrooms | $2,030 |
| 6 Bedrooms | $2,274 |
| 7 Bedrooms | $2,456 |
| 8 Bedrooms | $2,579 |
To determine if you should invest in ZIP code 46170 for Section 8 properties, follow this decision tree:
- Does the Fair Market Rent (FMR) of $1120 cover the debt service on a potential property?
- Yes: If the FMR of $1120 is sufficient to cover your debt service, proceed to the next question.
- No: Do not consider investing in ZIP 46170 for Section 8 properties until you find a property where the FMR can meet or exceed the required debt service coverage.
- Is the market rent above, at, or below the FMR of $1120?
- Above: If the market rent is higher than the FMR, this suggests strong demand and could be favorable for investment. However, ensure that tenants can afford the higher rents.
- At: If the market rent matches the FMR, this indicates a balanced market. Proceed to the next question to evaluate tenant demand.
- Below: If the market rent is lower than the FMR, it might indicate an oversupply of rental units or low demand for housing. This scenario could pose risks for maintaining occupancy levels.
- Are the percentage of renters and the days on market (DOM) sufficient to ensure demand for your property?
- N/A% renters and N/A-day DOM: Insufficient data is available to make a determination about the demand for rental properties in ZIP 46170. You will need to research further to find out the exact percentage of renters and the average DOM to assess the local rental market's health and tenant demand.
Note: The data points provided for ZIP 46170 include the FMR but lack specific information regarding market rent, the percentage of renters, and the average DOM. To make an informed decision, you must obtain these missing metrics.
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.