Location: Greene County, IN | Metro: Greene County, IN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
U.S. Census Bureau data (2024)
The ZIP code 47445 stands out due to its unique characteristics that differ significantly from typical areas analyzed for Section 8 programs. With only 118 residents, it represents one of the smallest communities under examination. Notably, there is no rental activity recorded in this ZIP code, indicating that all housing units are owner-occupied. The median income for these residents is reported at $78,548, which suggests a relatively affluent area compared to many other ZIP codes.
Despite the lack of rental properties, landlords and small-portfolio investors might still find interest in understanding the implications of the Federal Market Rent (FMR) for the upcoming fiscal year 2026. The FMR for ZIP 47445 is set at $970, though the median market rent is not available, making direct comparisons challenging. This FMR figure will be pivotal for any potential future rental developments in the area, as it dictates the maximum allowable rent for Section 8 vouchers.
The absence of median home value data indicates a scarcity of sales transactions, which could suggest limited turnover in the housing stock. Given the high median income and zero percent rental rate, the community likely consists of long-term homeowners who are less inclined to rent their properties. This scenario presents a stable environment, but it also means that opportunities for Section 8 participation are currently non-existent. For investors looking to enter this market, the focus should be on monitoring changes in the local economy and housing trends that might lead to an increase in rental activities.
In conclusion, the data signature for ZIP 47445 reads as stable, characterized by a small population of homeowners with above-average incomes. However, the absence of rental properties and median home values signals a transitional phase if the area were to develop further into a rental market. Landlords and investors should keep an eye on economic indicators and any shifts in local demographics that could influence the demand for rentals and the applicability of Section 8 vouchers.
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.