Location: Miami County, IN | Metro: Fulton 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 | $820 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,090 | $170,962 | 0.64% | D |
| 3BR | $1,300 | $246,082 | 0.53% | F |
| 4BR | $1,430 | $268,703 | 0.53% | F |
U.S. Census Bureau data (2024)
The ZIP code 46910, located in Akron, Indiana, presents a market where the dynamics between supply and demand are currently balanced but lean slightly towards demand outpacing supply. This inference is drawn from the comparison between the Fair Market Rent (FMR) and the actual market rent. The FMR for the area, set at $1,020 for the fiscal year 2026, is notably higher than the current market rent of $857 based on recent Census American Community Survey (ACS) data. This suggests that rental properties in Akron, IN are likely priced below the government's fair market assessment, indicating a potential for upward pressure on rents if the market adjusts to align with FMR guidelines.
The 12.2% renter share in the area is relatively low compared to national averages, which typically hover around 35%. A lower renter share can imply less immediate housing pressure, as it indicates a smaller proportion of the population relies on renting. However, it also means there is a significant number of homeowners, with a median home value of $214,514. This figure, while not necessarily high, does suggest that homeownership is accessible and valued in the community, which could contribute to steady demand for both rental and owned properties.
The absence of data regarding the percentage of price cuts and days on market (DOM) for listings makes it challenging to fully assess the liquidity of the housing market. However, the combination of a lower-than-FMR rental rate and a moderate median home value suggests that the market is stable but has room for growth. Landlords and small-portfolio investors should monitor trends closely, particularly any changes in the FMR and market rent, as these will provide insights into future adjustments needed to maintain competitive occupancy rates and investment returns.
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.