Section 8 Fair Market Rent (FMR) for ZIP 47545 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 47545, located in Indiana, represents a niche market for real estate investment, particularly for those interested in Section 8 properties. This area offers unique opportunities due to the specific characteristics of its housing market and demographic profile.

• The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $960, which provides a benchmark for rental pricing and tenant eligibility.
• The median home value in ZIP 47545 is currently listed as N/A, indicating a lack of comprehensive data on home values, which could suggest a less competitive market or smaller sample size.
• The percentage of renters in the area is also marked as N/A, making it difficult to assess the demand for rental properties relative to owner-occupied homes.
• The market rent for the area is N/A, suggesting that there might be limited data on current rental prices, which could indicate either a stable market or one that's not extensively tracked.
• The Days on Market (DOM), which measures how long properties typically stay on the market before being sold, is N/A, potentially reflecting a low volume of sales activity or insufficient data points.
• The median household income for ZIP 47545 is N/A, which limits our ability to gauge the financial health and purchasing power of the local population.

In summary, while there is limited data available for ZIP 47545, the established Fair Market Rent of $960 can guide investment decisions, especially for those focused on Section 8 properties. The absence of detailed market metrics such as median home value, renter share, and median income suggests a less competitive market but also requires careful consideration of other local factors before investing. Landlords and small-portfolio investors should focus on understanding the specific needs of tenants and the local housing dynamics to make informed decisions.

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.