Location: Henry County, IN | Metro: Henry County, IN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,350 |
| 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 real estate landscape in ZIP 47361, anchored by a median home value of $148,900, presents a nuanced picture for landlords and small-portfolio investors. The absence of percentage reductions in listings and the unavailability of median days on market (DOM) data suggest stability in the housing market, implying that sellers have significant pricing power. This stability is crucial for investors looking to maintain or grow their property values without the volatility that can erode returns.
On the rental side, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is projected at $1,080, while the current market rate stands at $929 according to Census ACS data. This indicates a potential upward trend in rental prices, aligning with the broader economic recovery and increased demand for housing. Landlords can expect a gradual increase in rental income, which supports the financial viability of properties in this ZIP code.
For long-term investors, the setup in ZIP 47361 implies a realistic appreciation thesis. With stable home values and growing rental markets, properties are likely to see an increase in both equity and cash flow over the next 12-24 months. However, the appreciation rate will be modest, reflecting the steady growth rather than speculative bubbles. The key for investors is to focus on maintaining quality properties that attract tenants willing to pay closer to the FMR rates, thereby maximizing returns on investment.
The combination of a solid median home value and favorable rental market conditions creates an environment where landlords and small-portfolio investors can expect consistent, if not spectacular, gains. By keeping an eye on the local economy and making strategic improvements to properties, investors can leverage these factors to ensure their portfolios remain competitive and profitable.
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.