Location: Adams County, IN | Metro: Adams County, IN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
The analysis of ZIP code 46782 in Adams County, Indiana, reveals several key points that landlords and small-portfolio investors should consider before investing.
The first question is whether the rent math works. The Fair Market Rent (FMR) for the area, set at $960 for the fiscal year 2026, serves as a benchmark. However, due to the lack of specific market rent data, it's challenging to provide a direct comparison. This absence suggests either a nascent market or insufficient reporting, which could impact rental income expectations.
Regarding the affordability of acquisitions, the data presents a challenge. With no median home value specified, it's difficult to gauge how much you might expect to spend on property purchases. Additionally, the lack of days-on-market (DOM) and percentage of price cuts indicates an incomplete picture of the local housing market dynamics. These metrics are crucial for understanding how quickly properties sell and the level of negotiation typical in the area.
Tenant demand is another critical factor. The ZIP code's population and the percentage of renters are not provided, leaving a gap in assessing how many potential tenants might be available. Without these figures, predicting occupancy rates and the stability of rental income becomes speculative.
Verdict: Investing in ZIP code 46782 appears risky due to the lack of essential data points such as market rent, median home values, days-on-market, and percentage of renters. To make informed decisions, landlords and investors must seek out detailed local market reports and consult with real estate professionals who can offer insights into the current conditions and trends in the area. Until more comprehensive data is available, caution is advised.
Data Sources: FMR data from HUD (2027).
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.