Location: Wabash County, IN | Metro: Fort Wayne, IN HUD Metro FMR Area
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 | $760 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,640 |
| 5 Bedrooms | $1,902 |
| 6 Bedrooms | $2,130 |
| 7 Bedrooms | $2,300 |
| 8 Bedrooms | $2,415 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,010 | $135,301 | 0.75% | D |
| 3BR | $1,320 | $201,750 | 0.65% | D |
| 4BR | $1,640 | $265,515 | 0.62% | D |
| 5BR | $1,902 | $332,453 | 0.57% | F |
U.S. Census Bureau data (2024)
With a Fair Market Rent (FMR) of $1040 for ZIP 46750 (Huntington, IN), landlords can confidently set rental prices knowing they align with the federal guidelines for the fiscal year 2024. The Census ACS reports a market rent of $892, indicating that there's room for landlords to increase their rents closer to the FMR without deterring tenants. The median home value stands at $191,594, providing a stable housing market for potential investments. Renter share in the area is 23.5%, suggesting a moderate demand for rental properties. Median income of $63,978 supports the ability of residents to afford the $1040 FMR, ensuring a steady stream of potential tenants. A Days on Market (DOM) average of 34 days signals a brisk market where properties are quickly occupied, minimizing vacancy periods. The price-cut share of 0.2% reveals that very few listings need to reduce their prices to attract tenants, further validating the strength of the rental market. Given these figures, landlords and small-portfolio investors should find ZIP 46750 attractive for Section 8 properties.
The low price-cut share also reflects the robustness of the local rental market, making it less likely that landlords will have to lower their asking prices to compete. With an FMR above the current market rent, there's a clear opportunity for landlords to maximize their returns while still being within the bounds of affordability for tenants. This balance between rental rates and median income ensures a sustainable investment environment. Additionally, the relatively short DOM period indicates efficient property management and quick tenant placement, which is crucial for maintaining positive cash flow.
In conclusion, the data from ZIP 46750 points to a favorable climate for Section 8 properties, with strong indicators supporting both rental and home values. The combination of a supportive income level, reasonable market rent, and efficient property turnover makes this area a solid choice for landlords and small-portfolio investors looking to enter or expand in the Section 8 housing market.
Verdict: ZIP 46750 is a good fit for Section 8 investments.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.