Location: Huntington 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 | $840 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,060 | $252,817 | 0.42% | F |
| 3BR | $1,340 | $327,771 | 0.41% | F |
| 4BR | $1,560 | $479,795 | 0.33% | F |
| 5BR | $1,810 | $698,899 | 0.26% | F |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 46783, located in Roanoke, Indiana, within the Huntington County metro area, reveals a favorable rental environment. The HUD Fair Market Rent (FMR) for FY 2024 is set at $950 per month, which exceeds the current market rent of $836 according to Census ACS data. This means that voucher tenants can provide a positive cash flow to landlords without requiring premium units.
To further understand the investment potential, consider the median home value in the area, which stands at $358,049. Using the HUD FMR of $950, we calculate a rent-to-price ratio of approximately 1.3%, indicating a relatively stable housing market where rental income can cover a significant portion of the mortgage payments for property owners.
The dynamics between renting and buying in this market are also noteworthy. With a median Days on Market (DOM) of N/A and a mere 0.2% share of properties making price cuts, it's clear that the local real estate market is steady and does not experience frequent fluctuations. This stability supports both rental and home purchase investments, but for the purposes of Section 8 investing, it ensures consistent tenant demand and occupancy rates.
In conclusion, the strongest investor angle in ZIP 46783 is cash flow. Given the higher HUD FMR compared to the actual market rent, landlords can expect to generate a positive cash flow from Section 8 voucher tenants, making this an attractive opportunity for those focused on reliable monthly income.
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.