Location: Huntington County, IN | Metro: Wells County, 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 | $810 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,310 | $242,976 | 0.54% | F |
U.S. Census Bureau data (2024)
The real estate market in ZIP 46766 is poised to maintain its stability over the next 12-24 months, anchored by a median home value of $217,341. The absence of significant reductions in listing prices and the undefined median days on market (DOM) indicate that sellers still hold considerable pricing power. This suggests that the demand for homes in this area remains robust, allowing homeowners to set competitive prices without the need for frequent adjustments.
On the rental side, the Fair Market Rent (FMR) for ZIP 46766 stands at $990 for the fiscal year 2026. While the specific market rent is not provided, the FMR serves as a benchmark for understanding the affordability and demand for rentals in the area. Landlords can leverage this information to ensure their rental properties are priced competitively within the broader market context, particularly if they aim to attract tenants eligible for Section 8 assistance.
For long-hold investors looking beyond immediate returns, the setup in ZIP 46766 implies a realistic appreciation thesis. With a stable median home value and strong seller pricing power, there is potential for gradual appreciation. However, the lack of historical percentage data for reduced listings and days on market makes it challenging to project exact rates. Investors should focus on areas with growing amenities and infrastructure, which tend to support property value growth over time.
To summarize, the current median home value and the observed trends in listing prices and DOM suggest a market where sellers have the upper hand. Rental dynamics, with the FMR at $990, provide a clear indicator for setting competitive rents. Long-term investors can anticipate gradual appreciation, contingent upon continued investment in local infrastructure and amenities.
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.