Location: Marshall County, IN | Metro: Marshall County, IN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 46572 reveals a unique market situation that can be categorized as a low-yield and low-stability zone for real estate investments, particularly under Section 8 programs. The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,040, which serves as the maximum rental assistance payment for Section 8 properties. However, the lack of specific market rent and home value data for ZIP 46572 suggests that the local real estate market may not align closely with broader metro trends, indicating potential instability.
The absence of renters in this ZIP code—represented by the 0.0% figure—highlights a significant challenge for landlords interested in Section 8 tenants. This indicates that there is no documented demand for subsidized housing in the area, which could limit the pool of potential Section 8 residents. Furthermore, the day-on-market (DOM) data is also unavailable, suggesting either very quick sales or an unusual real estate market condition that does not reflect typical turnover rates. Both these factors contribute to the classification of 46572 as a low-stability zone.
The median household income of $125,250 in ZIP 46572 is notably high compared to the FMR threshold. While higher incomes might seem attractive, they do not necessarily translate into better rental performance for Section 8 properties. Instead, they suggest a mismatch between the income levels of the local population and the rental assistance available, potentially leading to lower occupancy rates and reduced cash flow stability.
In conclusion, ZIP 46572 is not suitable for high-yield/low-stability 'flip-style' markets due to the absence of key market indicators and the lack of documented renters. It also fails to qualify as a steady-cashflow zone because of the mismatch between local income levels and the FMR for Section 8. Landlords and small-portfolio investors should proceed with caution when considering this ZIP code for Section 8 investments, given the low yield and low stability driven by the specific figures provided.
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.