Location: LaGrange County, IN | Metro: LaGrange County, IN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,480 |
| 5 Bedrooms | $1,717 |
| 6 Bedrooms | $1,923 |
| 7 Bedrooms | $2,077 |
| 8 Bedrooms | $2,181 |
U.S. Census Bureau data (2024)
ZIP 46786, located in LaGrange County, IN, can serve as a cash-flow anchor within a Section 8 portfolio strategy. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,020. However, specific data for ZIP 46786 is not readily available, which means the actual FMR could be lower or higher. Despite this lack of granularity, the overall FMR for the county provides a stable baseline for rental income.
Data from RentData.org indicates that the Fair Market Rent for a two-bedroom apartment in LaGrange County increased by 9.5% year-over-year, from $863 to $945. This suggests that while the market might be growing, it remains relatively affordable and predictable compared to many other regions. For a landlord or small-portfolio investor, this predictability translates into a reliable cash flow.
The median home value and median income for ZIP 46786 are not specified, but the absence of these figures does not detract from its potential as a cash-flow anchor. The key metric here is the FMR, which ensures a steady stream of income through the Section 8 program. Given that the FMR is a government-set benchmark, it offers a level of security and stability that is attractive for long-term investment strategies.
Furthermore, the low renter share of 0.0% implies that the majority of residents are homeowners, which could mean less competition from other rental properties. This characteristic supports the idea that ZIP 46786 is a good location for generating consistent cash flow, particularly when paired with other investments that offer higher appreciation potential or greater diversification benefits.
Data Sources: FMR data from HUD (2027). 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.