Location: Fulton County, IN | Metro: Fulton County, IN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
The median income for ZIP code 46922 is currently unavailable, which makes it challenging to assess the financial situation of potential renters. However, the market rate for rentals is also unspecified, indicating a lack of comprehensive data to evaluate affordability.
In comparison to the voucher payment standard of FMR $960 for the metro area in fiscal year 2026, we cannot determine if the typical household in ZIP code 46922 can afford the market rate without specific figures. This ambiguity suggests a significant data gap that impacts both renters and landlords.
The percentage of renters and the total population for ZIP code 46922 are also not provided, making it difficult to gauge the competition among landlords. Without knowing the exact number of renters and the overall population, it's unclear how many households might be seeking affordable housing options.
The takeaway for landlords considering voucher vs. cash-pay strategies is that there is a critical need for more detailed and up-to-date information on rental market rates, median incomes, and the demographic makeup of ZIP code 46922. Given the lack of specific data, landlords should focus on understanding local market dynamics through direct observation and networking within the community. Engaging with local housing authorities and tenant organizations can provide insights into the demand for voucher-supported rentals. For now, landlords must rely on regional trends and adjust their strategies accordingly, potentially offering more flexible terms to attract tenants who may be navigating uncertain economic conditions.
To make informed decisions, landlords should monitor future updates on the rental market and income levels in ZIP code 46922. This will help them better align their investment strategies with the actual needs and capabilities of the local rental market.
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.