Location: Switzerland County, IN | Metro: Switzerland County, IN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
The ZIP code 47019, located within Switzerland County, IN, has a Fair Market Rent (FMR) of $960 for fiscal year 2026. This figure is critical for understanding how this area compares to other ZIP codes within the same county.
In the context of Switzerland County, IN, where specific data points such as market rent, home values, and renter share percentages are not available for ZIP 47019, we can infer its position relative to the metro area based on the FMR alone. The FMR of $960 suggests that 47019 is likely a value pocket within its metro area. Value pockets are typically characterized by lower rents compared to surrounding areas, making them attractive for tenants who qualify under Section 8 housing assistance programs.
Absent comparative market rent and home value data, it's reasonable to assume that ZIP 47019 offers rental properties at a price point that is more affordable than the average in the region. This makes it an appealing location for landlords looking to serve a population that benefits from lower cost-of-living expenses, as well as for small-portfolio investors seeking to maximize their returns through government-subsidized rent.
The lack of data on market rent and home values for 47019 could indicate that the area is less developed or has fewer private market transactions, which would further support the hypothesis that it is a value pocket. However, without specific percentages for the renter share, we cannot definitively conclude that there is a high concentration of renters benefiting from Section 8 programs in this ZIP code.
To summarize, based on the provided FMR of $960, ZIP 47019 appears to be a value pocket within the Switzerland County, IN metro. It is positioned to attract tenants who benefit from lower rents, potentially aligning with Section 8 housing assistance programs. For landlords and small-portfolio investors, this ZIP code represents an opportunity to offer affordable housing while still maintaining profitability.
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.