Location: Crawford County, IN | Metro: Crawford County, IN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
U.S. Census Bureau data (2024)
The analysis of ZIP 47123 in Crawford County, Indiana, reveals several key points for landlords and small-portfolio investors.
The rent math does not work favorably here. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $960. However, the market rent is listed as N/A, indicating that either there is insufficient data or the local rental rates do not align with the FMR. This discrepancy suggests that relying on FMR alone could lead to suboptimal occupancy rates or financial performance.
Acquisition in this ZIP code is challenging due to limited data. The median home value is listed as N/A, which makes it difficult to assess the affordability of property purchases. Additionally, the average number of days on the market (DOM) and the percentage of homes that have had their prices cut are also reported as N/A, suggesting a lack of recent transactional activity or transparency in the housing market.
Tenant demand is weak in ZIP 47123. The total population is just 68, and the renter share is an extremely low 0.0%. These figures indicate that there is little to no interest in renting properties, which poses a significant risk for potential landlords. With such a small and predominantly non-renting population, finding and retaining tenants would be exceptionally difficult.
Given the unworkable rent math, uncertain acquisition costs, and negligible tenant demand, investing in ZIP 47123 is not advisable for landlords or small-portfolio investors. The lack of renters and sparse population make it an unfavorable market for generating rental income. Furthermore, the absence of clear market data complicates the assessment of property values and the overall investment climate.
Data Sources: FMR data from HUD (2027). 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.