Location: Knox County, IN | Metro: Knox County, IN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
U.S. Census Bureau data (2024)
ZIP 47524, located in Knox County, Indiana, is best suited as a cash-flow anchor within a Section 8 portfolio strategy. The median fair market rent (FMR) for the metro area in fiscal year 2026 is $960, while the median home value stands at $130,978. Despite the lack of specific market data, the lower median home value indicates a potential for higher rental yields relative to property costs.
The lower median home value suggests that property acquisition costs are relatively low, making it easier for landlords and small-portfolio investors to purchase properties without significant capital outlay. With the FMR set at $960, landlords can reasonably expect to lease properties at or near this rate, ensuring steady cash flow. This ZIP code's characteristics align well with the goal of generating reliable rental income, which is crucial for maintaining positive cash flow in a Section 8 portfolio.
Furthermore, the 3.6% renter share highlights the importance of stable rental demand in the area. Although the median income figure is not provided, the existing rental market suggests a need for affordable housing options. Landlords can leverage the Section 8 program to fill this demand and secure long-term tenants, thereby reducing vacancy rates and ensuring consistent income.
In summary, ZIP 47524 serves as a solid cash-flow anchor due to its low median home value and the likelihood of achieving stable rental income through the Section 8 program. These factors make it an attractive option for investors looking to balance their portfolios with properties that provide predictable returns.
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.