Location: Orange County, IN | Metro: Dubois County, IN
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,680 |
| 5 Bedrooms | $1,949 |
| 6 Bedrooms | $2,183 |
| 7 Bedrooms | $2,358 |
| 8 Bedrooms | $2,476 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,040 | $192,435 | 0.54% | F |
| 3BR | $1,370 | $258,851 | 0.53% | F |
| 4BR | $1,680 | $322,331 | 0.52% | F |
U.S. Census Bureau data (2024)
The real estate market in ZIP 47527, Dubois, IN, presents a unique landscape for both landlords and small-portfolio investors. With a median home value of $242,312, the area remains relatively affordable compared to many other markets across the country. The fact that the percentage of listings reduced and the median days on market (DOM) are currently not available suggests a stable market where neither sellers nor buyers are in a rush, indicating a balanced environment.
On the rental side, the Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $990. This figure contrasts with the current market rate of $1,072, based on Census American Community Survey (ACS) data. This gap between FMR and actual market rates signals strong demand for rental properties in the area, likely driven by factors such as employment stability and a moderate cost of living. Landlords can expect to maintain current rents or see slight increases, given the existing demand-supply dynamics.
For long-term investors, the setup in Dubois, IN, implies limited appreciation potential. The stable market conditions, reflected in the median home value and the absence of significant fluctuations in listing reductions and DOM, suggest that rapid price increases are unlikely. However, the consistent demand for rentals provides a solid income stream, making Dubois a viable option for those seeking steady returns rather than capital appreciation.
The overall picture indicates a market where pricing power leans slightly towards the landlord due to the higher rental rates compared to FMRs. This advantage allows for maintaining competitive rental prices without the need for frequent adjustments. Moreover, the affordability of home values supports continued interest from both buyers and renters, ensuring a steady flow of tenants and potentially minimizing vacancy rates.
In conclusion, while the data does not point to significant capital gains opportunities, it does highlight a market conducive to long-term rental investments. The balance between home values and rental rates creates an environment where investors can rely on stable cash flows and a relatively low-risk profile, aligning well with the objectives of landlords and small-portfolio investors looking for reliable income sources.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.