Location: Pike 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 | $800 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,730 |
| 5 Bedrooms | $2,007 |
| 6 Bedrooms | $2,248 |
| 7 Bedrooms | $2,428 |
| 8 Bedrooms | $2,549 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,040 | $164,370 | 0.63% | D |
| 3BR | $1,390 | $262,599 | 0.53% | F |
| 4BR | $1,730 | $305,312 | 0.57% | F |
U.S. Census Bureau data (2024)
The classification of ZIP 47542 (Huntingburg, IN) on the axes of yield and stability reveals it to be a moderate cash-flow area with some volatility. The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $960, while the market rent for Huntingburg stands at $881. This indicates that properties in this ZIP code can expect to generate rental income slightly below the metro average, but still within a reasonable range.
The median home value of $245,013 suggests that purchasing properties in this area will require a significant investment. However, when comparing the FMR to the median home value, the potential rental yield is relatively modest. A property priced at the median would generate approximately $960 per month in rent, which translates into an annual rent of $11,520. This yields an estimated annual rental yield of about 4.7% based on the median home value. This calculation places Huntingburg in a moderate yield category, not particularly suited for high-risk, high-reward strategies typical of flipping properties.
Regarding stability, the ZIP code has a rental rate of 25.1%, indicating a decent demand for rental housing. However, the lack of data on days on market (DOM) suggests there might be less liquidity in the rental market compared to more active areas. Additionally, the median household income of $77,574 provides insight into the financial capacity of potential tenants. While this figure is lower than the national average, it is sufficient to support rental payments at the market rate of $881.
In conclusion, ZIP 47542 offers a balanced approach with moderate yield and stability. It is neither a high-yield, low-stability market nor a steady-cashflow zone. Landlords and small-portfolio investors should consider the moderate rental income relative to the investment required and the potential for fluctuating demand due to limited data on DOM. The combination of these factors makes Huntingburg a suitable location for those looking for a stable, albeit not exceptionally profitable, investment opportunity.
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.