Section 8 Fair Market Rent (FMR) for ZIP 47457 - 2027

FY 2027 Fair Market Rent Rates

25 total residents live in ZIP 47457, Scotland, IN. The lack of detailed demographic data makes it challenging to provide comprehensive insights, but the Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $960. This figure serves as a benchmark for evaluating rental properties in the area.

$0 median household income indicates that the data for ZIP 47457 is incomplete or unavailable. However, given the small population size, it is likely that rental properties will need to cater to lower-income households to remain competitive and profitable.

8 total households exist in this ZIP code. The absence of data on median home values and renter share suggests that the majority of these households might be renters, considering the low population density and limited housing options.

The data does not provide a median income or any details on the daily DOM (days on market) or the percentage of price-cut shares. This scarcity of information points to a niche market where traditional metrics may not fully apply.

Given the small population and limited data, landlords and small-portfolio investors should focus on properties that can offer affordable living spaces, ideally priced close to the FMR of $960. The demand for rental units in such a small community is likely stable but requires careful management to ensure occupancy rates.

Section 8 Verdict: ZIP 47457 presents an opportunity for investors willing to manage properties catering to a smaller, potentially lower-income community.

Data Sources: FMR data from HUD (2027).

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.