Location: Henry County, IN | Metro: Henry County, IN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,140 |
| 1 Bedroom | $1,150 |
| 2 Bedrooms | $1,440 |
| 3 Bedrooms | $1,720 |
| 4 Bedrooms | $1,890 |
| 5 Bedrooms | $2,192 |
| 6 Bedrooms | $2,455 |
| 7 Bedrooms | $2,651 |
| 8 Bedrooms | $2,784 |
U.S. Census Bureau data (2024)
ZIP code 47337, located in Henry County, Indiana, serves as a strong cash-flow anchor within a Section 8 portfolio strategy. The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,350 for a one-bedroom unit. This figure exceeds the current market rent of $1,250, providing a positive spread that ensures landlords receive higher payments than typical market rates.
The guaranteed rental income from Section 8 vouchers offers stability and predictability, which are key attributes of a cash-flow anchor. Landlords can rely on consistent, government-backed payments, minimizing the risk of vacancy and delinquency. The $100 monthly difference between the FMR and the market rent translates into an annual cash flow advantage of $1,200 per unit, reinforcing the ZIP code's role as a dependable revenue source.
While data on appreciation potential and days on market (DOM) are not available, the high renter share of 35.1% and median income of $57,250 suggest a robust demand for rental properties. This demand supports the cash-flow anchor thesis, as it indicates a steady pool of tenants who are likely to benefit from the housing assistance program.
In summary, ZIP 47337 is best positioned as a cash-flow anchor in a Section 8 portfolio due to the favorable spread between the FMR and market rent, coupled with a significant renter share and median income levels that ensure a stable tenant base.
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.