Section 8 Fair Market Rent (FMR) for ZIP 47021 - 2027

FY 2027 Fair Market Rent Rates

The analysis of ZIP code 47021 reveals a unique blend of yield potential and stability, based on the available data for the fiscal year 2026. The Federal Market Rent (FMR) for the metro area is set at $990, which indicates a strong rental yield compared to the non-available market and home values data. This suggests that properties in this area can command higher rents relative to their cost, making it attractive for landlords and small-portfolio investors seeking to maximize rental income.

However, the stability of the market in ZIP 47021 is less clear due to the lack of specific data on percentage of renters, days on market (DOM), and median income. Without these figures, it's challenging to determine the level of financial security and predictability this area offers. Typically, areas with a high percentage of renters, lower DOM, and stable income levels are considered more secure investments, providing consistent cash flow with minimal risk.

Given the current information, ZIP 47021 leans towards being a high-yield market. The FMR of $990 suggests that landlords could potentially earn above-average rental income per unit. However, the absence of key stability indicators means the market cannot be confidently classified as either highly stable or volatile. Therefore, this area appears to be a high-yield zone but lacks sufficient data to assess its stability fully. Investors should proceed with caution and seek additional local market data to 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.