Location: Kosciusko County, IN | Metro: Kosciusko County, IN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,410 |
| 5 Bedrooms | $1,636 |
| 6 Bedrooms | $1,832 |
| 7 Bedrooms | $1,979 |
| 8 Bedrooms | $2,078 |
U.S. Census Bureau data (2024)
ZIP code 46508, located in Kosciusko County, Indiana, can serve as a cash-flow anchor within a Section 8 portfolio strategy. The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970, which is higher than the current market rent of $950. This $20 spread ensures that landlords will receive slightly above-market rents, providing a stable and predictable cash flow.
The lack of median home value data suggests that this area may not be experiencing rapid appreciation, making it less suitable as an investment focused on capital gains. However, the steady rental income makes it ideal for those looking to stabilize their overall portfolio performance.
The renter share in ZIP 46508 stands at 10.0%, indicating a moderate demand for rental properties. Coupled with a median income of $55,833, there is sufficient economic stability to support ongoing rental payments without significant risk. Landlords should expect a consistent stream of Section 8 tenants who can afford the rent, given the program's subsidies and the local income levels.
In summary, ZIP 46508 offers a reliable base for generating steady cash flows due to its favorable FMR compared to market rates and moderate renter share. It is best suited for investors seeking to anchor their portfolios with stable, low-risk investments rather than focusing on short-term capital gains or high-risk diversification plays.
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.