Location: Noble County, IN | Metro: DeKalb 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 | $780 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,020 | $278,568 | 0.37% | F |
| 3BR | $1,240 | $358,062 | 0.35% | F |
| 4BR | $1,540 | $406,475 | 0.38% | F |
U.S. Census Bureau data (2024)
The ZIP code 46763, located in Laotto, Indiana, stands out within Noble County due to its unique demographic and economic profile. With a total population of 1,444 residents, only 6.4% are renters, indicating a predominantly owner-occupied community. The median household income here is $97,054, which is notably higher than the national average, reflecting a prosperous local economy. The median home value in Laotto is $339,295, suggesting that homeownership is both valued and attainable among the local populace.
When it comes to Section 8 voucher economics, the data for ZIP 46763 is somewhat limited. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,100, but there is no specific rental market data available for this ZIP code. This lack of detail means that landlords and small-portfolio investors should be cautious when setting rents or accepting vouchers, as they must rely on broader regional trends rather than local specifics.
Given the available data, ZIP 46763 appears to have a stable economic foundation. The high median income and significant median home value indicate a strong financial base among residents, reducing the likelihood of sudden economic shifts. However, the low percentage of renters might suggest a transitional phase where the demand for rental properties could grow if the community continues to develop. Landlords and investors should monitor the local housing market closely for any signs of change in rental dynamics.
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.