Location: Wayne County, IN | Metro: Henry County, IN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $960 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
U.S. Census Bureau data (2024)
With a Fair Market Rent (FMR) of $1,030 for the metro area in fiscal year 2026, Mooreland, IN (ZIP 47360) presents a clear investment opportunity for landlords. The Census ACS data shows a market rent of $1,058, indicating that properties priced slightly above the FMR can still attract tenants. Given the median home value of $249,653, there's a significant gap between property values and rental rates, which supports the viability of rental investments. The 17.4% renter share highlights a substantial portion of the population relying on rentals, underscoring demand stability. With a median income of $76,250, residents have the financial capacity to afford the average rental costs, ensuring a steady stream of potential tenants. Notably, the lack of available data on days on market (DOM) and price-cut share suggests a stable market where properties are likely to be rented out promptly without needing to reduce prices. This stability is crucial for long-term investment strategies. In conclusion, the combination of favorable rental rates, strong demand, and a moderate median home value makes Mooreland, IN an attractive location for Section 8 housing investments.
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.