Location: Jackson County, IN | Metro: Jackson County, IN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
The ZIP code 47228 in Unknown, IN, presents a unique challenge due to the lack of specific population and income data. However, we can still analyze the potential for Section 8 tenants based on the available information.
Given that the percentage of renters and median household income are both listed as 'N/A', it's difficult to ascertain whether this area has a high concentration of renters or homeowners. Typically, areas with higher percentages of renters also have deeper demand for housing vouchers, such as those provided through Section 8. Without concrete numbers, we must rely on broader trends and the fixed fair market rent (FMR) to infer the likely scenario.
The FMR for the metro area, set at $1,060 for fiscal year 2026, serves as a benchmark for affordable rental units. This figure represents the maximum amount that a voucher holder can pay towards rent. To understand how this compares to the local market, we would need specific market rent data for ZIP 47228. With the median household income being unknown, it's challenging to calculate precisely what percentage of local income goes toward typical rent. Nonetheless, if we assume that the market rent is close to or below the FMR, then a significant portion of the local population might find themselves eligible for Section 8 assistance.
In terms of tenant profiles, landlords in ZIP 47228 can expect to attract individuals and families whose incomes fall within the eligibility criteria for Section 8 vouchers. These tenants will be looking for housing options that do not exceed their budgetary constraints, often seeking properties that are modestly priced and well-maintained. The fixed nature of the FMR means that landlords must ensure their rental units are competitive within this price range to attract and retain Section 8 tenants.
To conclude, while detailed demographic data is lacking, the presence of an FMR suggests that there could be a notable demand for affordable housing supported by Section 8 vouchers. Landlords should prepare to cater to tenants who are financially constrained but committed to stable housing solutions. Offering clean, safe, and reasonably priced apartments will be key to attracting these tenants.
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.