Location: Steuben County, IN | Metro: LaGrange County, IN
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,410 |
| 5 Bedrooms | $1,636 |
| 6 Bedrooms | $1,832 |
| 7 Bedrooms | $1,979 |
| 8 Bedrooms | $2,078 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $820 | $195,757 | 0.42% | F |
| 2BR | $1,070 | $252,411 | 0.42% | F |
| 3BR | $1,370 | $322,402 | 0.42% | F |
| 4BR | $1,410 | $460,902 | 0.31% | F |
| 5BR | $1,636 | $675,253 | 0.24% | F |
U.S. Census Bureau data (2024)
Angola, located in the heart of Steuben County, Indiana, is a growing community that offers a blend of rural charm and suburban convenience. With a mix of industrial and residential areas, Angola provides a stable environment for both landlords and small-portfolio investors looking to capitalize on the local real estate market.
The data points indicate a promising market for rental investments in Angola, IN. The close alignment between the Fair Market Rent and the actual market rent suggests a healthy equilibrium in the rental market. With a median home value that is relatively low compared to national averages, Angola presents a good opportunity for property appreciation. The substantial renter share of the population ensures a consistent tenant pool, while the median income level indicates that tenants can afford higher rents without financial strain. For investors, Angola offers a solid foundation for generating rental income with potential for long-term growth in property values.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.