Location: Gary, IN | Metro: Gary, IN HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
The classification of ZIP 46372 (Roselawn, IN) into a yield and stability framework requires a deeper dive into the available data. The Fair Market Rent (FMR) for the area is set at $1010 for FY 2024, indicating that rental properties can be priced competitively within this range.
Unfortunately, specific market and home value data for ZIP 46372 is not readily available. However, the FMR figure provides a benchmark for rental pricing, which is crucial for landlords and small-portfolio investors. This suggests that the area leans towards a steady cash flow zone, given the lack of volatility in the rental market and the absence of high-risk investment opportunities.
To further assess the stability of the market, additional metrics such as the percentage of renters, days on market (DOM), and median household income would be beneficial. Without these figures, it is challenging to determine if the market is highly stable or prone to fluctuations. Nonetheless, the consistent FMR indicates a moderate level of stability.
In conclusion, ZIP 46372 appears to be a steady-cashflow zone due to the stable rental market and the absence of data suggesting high-risk, high-reward investment scenarios. Landlords and small-portfolio investors can expect reliable returns based on the $1010 FMR, but the exact degree of stability remains unclear without more detailed economic indicators.
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.