Location: Scott County, IN | Metro: Washington County, IN HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,130 | $152,123 | 0.74% | D |
| 3BR | $1,440 | $221,863 | 0.65% | D |
| 4BR | $1,510 | $298,033 | 0.51% | F |
| 5BR | $1,752 | $354,567 | 0.49% | F |
U.S. Census Bureau data (2024)
In Scottsburg, Indiana (ZIP 47170), the real estate landscape is currently characterized by a median home value of $214,566. This figure serves as a critical benchmark for understanding the local housing market's health and potential for growth. The fact that only 0.2% of listings have reduced their prices indicates a stable market where sellers maintain strong pricing power. With the median days on market (DOM) being listed as N/A, it suggests either an exceptionally quick sale environment or a lack of comprehensive data, both of which imply a robust demand for homes at current price points.
The disparity between the Fair Market Rent (FMR) of $1170 for ZIP 47170 (as projected for fiscal year 2024) and the current market rent of $850, based on Census ACS data, highlights a significant opportunity for landlords and small-portfolio investors. This gap signals that rental properties could potentially see increased demand and higher rental rates as the market adjusts to align with FMR projections. Investors can leverage this trend by ensuring their rental units meet or exceed local standards, thus positioning themselves to capture higher rents in line with FMR expectations.
For long-term hold investors, the setup in Scottsburg implies a cautious approach to appreciation. While the current data does not provide a definitive appreciation thesis, the combination of stable home values and rising rental rates suggests that steady, albeit modest, growth is likely. The market's resistance to price reductions and the potential for rental rate increases point towards a resilient housing sector, capable of maintaining value but not necessarily experiencing rapid appreciation. Investors should focus on the income stability provided by rental properties rather than expecting substantial capital gains over the next 12-24 months.
Landlords and small-portfolio investors in Scottsburg should consider the following strategies:
The overall market analysis for ZIP 47170 underscores a balanced approach to real estate investment, emphasizing the importance of current market conditions and future rental trends. By aligning investment strategies with these insights, landlords and small-portfolio investors can make informed decisions that capitalize on the existing market dynamics.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.