Section 8 Fair Market Rent (FMR) for ZIP 47519 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

ZIP code 47519, located in Indiana, is a modest residential area that offers potential opportunities for real estate investment, particularly in the rental market. The area's characteristics and housing dynamics provide a foundation for understanding its appeal and challenges for landlords and small-portfolio investors.

• The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,290, which indicates the average monthly rent for a two-bedroom apartment. This figure serves as a benchmark for rental pricing.
• While specific market rent data for ZIP 47519 is currently unavailable, the FMR can be used as a proxy to gauge competitive rental rates in the region.
• The median home value in the area stands at $301,631, reflecting the typical price range for homeownership.
• Renters make up 22.1% of the population, suggesting a notable demand for rental properties.
• The median income in the area is $75,588, indicating that residents have a moderate level of disposable income that could support rental payments.
• The Days on Market (DOM) data is not available, but it would be crucial for assessing how quickly rental properties can be filled and the overall market activity.

Synthesizing these points, ZIP 47519 presents a balanced market for rental investments, with a defined benchmark for rental rates and a significant portion of the population租房。虽然该地区的具体市场租金数据目前不可用，但我们可以使用公平市场租金（FMR）作为参考来衡量具有竞争力的租金水平。中位家庭价值为301,631美元，反映了该地区房屋所有权的典型价格范围。租房者占人口的22.1%，表明对租赁房产有显著的需求。该地区的中位收入为75,588美元，说明居民有一定的可支配收入，可以支持租金支付。尽管市场上市天数（DOM）的数据不可用，但它对于评估租赁房产能多快被租出以及整体市场活动至关重要。综合来看，ZIP 47519为租赁投资提供了平衡的市场，具有明确的租金定价基准和相当比例的租房需求。投资者应密切关注当地的租金趋势和空置率，以确保其投资策略与市场需求相匹配。

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.