Section 8 Fair Market Rent (FMR) for ZIP 46942 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 46942, located in Indiana, offers a unique opportunity for real-estate investors interested in the Section 8 housing market. The area is characterized by its rural setting and smaller community size, which can influence both rental demand and property values.

• The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $960, providing a benchmark for rental rates within the ZIP code.
• Market rent data is currently unavailable for ZIP 46942, indicating a need for further research to understand the local rental pricing dynamics.
• The median home value is also not available, suggesting that there might be limited data on residential sales in the area, which could affect investment strategies.
• Renter share data is not available, making it difficult to assess the proportion of residents who are likely to seek rental properties through programs like Section 8.
• The Days on Market (DOM) data is not available, which would typically help investors gauge how quickly properties are being leased or sold in the area.
• Median income data is not available, which is crucial for understanding the economic profile of potential tenants and their ability to afford housing.

In summary, while the Fair Market Rent provides a clear guideline for rental pricing in ZIP 46942, the lack of detailed market-specific data such as market rent, median home value, and median income presents challenges for precise investment planning. Landlords and small-portfolio investors should focus on leveraging the FMR figure while conducting additional local market research to fill in these data gaps and make informed decisions.

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.