Section 8 Fair Market Rent (FMR) for ZIP 47441 - 2027

Location: Greene County, IN | Metro: Greene County, IN

Investment Score for ZIP 47441

D
Monthly Rent (2BR)
$1,010
Median Price (2BR)
$129,220
1% Rule
0.78%
Annual Yield
9.38%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$770
1 Bedroom$780
2 Bedrooms$1,010
3 Bedrooms$1,280
4 Bedrooms$1,540
5 Bedrooms$1,786
6 Bedrooms$2,000
7 Bedrooms$2,160
8 Bedrooms$2,268

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms Monthly FMR Median Price 1% Rule Grade
2BR $1,010 $129,220 0.78% D
3BR $1,280 $202,222 0.63% D
4BR $1,540 $254,699 0.6% D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
8,910
Median Household Income
$47,636
Housing Units
4,117
Renter Percentage
30.7%
Occupancy Rate
93.3%
Renter Occupied
1,179

The real estate market in ZIP 47441, Linton, IN, is currently characterized by a median home value of $170,654. This figure is indicative of an affordable housing market, which has seen only a slight reduction in listings, with just 0.2% of homes being offered at lower prices. The median days on market (DOM) is not available, suggesting either a very quick turnover or that there is insufficient data to provide a reliable average. These signals collectively suggest that landlords and small-portfolio investors have strong pricing power over the next 12-24 months. With few listings reducing their prices and a low DOM, it's likely that demand will continue to outstrip supply, allowing for stable to slightly rising home values.

On the rental side, the Forward Monthly Rent (FMR) for the metro area in fiscal year 2026 is projected to be $960, while the current market rent is $772 according to Census ACS data. This gap between the current market rent and the future expected rent indicates that there is potential for rental income growth. Landlords who can maintain or slightly increase rents above the current market level without significantly affecting occupancy rates can expect to see improved cash flows as the market catches up to the forward expectations.

For long-hold investors, the setup in Linton, IN, implies a realistic appreciation thesis. Given the low reduction in listing prices and the projected increase in rental values, it is reasonable to anticipate that home values will appreciate modestly over time. The combination of affordable home values and potential rental income growth provides a solid foundation for long-term investment. However, the rate of appreciation is unlikely to be dramatic, and investors should set realistic expectations based on the current economic indicators and the local market conditions.

In summary, the data points towards a market where landlords and small-portfolio investors can leverage strong pricing power and expect modest home value appreciation, alongside potential rental income growth. This makes Linton, IN, a viable option for those looking to invest in a stable and potentially growing real estate market.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.