Location: Dubois County, IN | Metro: Dubois County, IN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
960 is the Fair Market Rent (FMR) for ZIP 47547 in Indiana, as set by HUD for fiscal year 2026. This figure represents the maximum amount that a tenant participating in the Section 8 program would pay for a two-bedroom apartment in this area. Given the lack of specific market data such as median home values and median incomes, it's important to rely on the FMR to gauge the viability of properties in this region for Section 8 tenants.
The absence of precise data on the market rent suggests a less competitive or less analyzed real estate market in ZIP 47547. However, the Fair Market Rent provides a benchmark for pricing units to attract Section 8 participants.
While the exact percentage of renters and the median income are not available, landlords can still benefit from offering affordable housing options that align with the FMR. The Fair Market Rent can also influence the decision-making process for small-portfolio investors looking to enter the Section 8 market in this area.
Investors should be cautious about the lack of detailed data on days on market (DOM) and price-cut share, which are crucial indicators for understanding the local real estate dynamics. Without these figures, it's challenging to predict the speed at which properties might sell or the necessity of adjusting prices to match market conditions.
In summary, for ZIP 47547, the key figure to focus on is the $960 FMR, which sets the standard for rental prices for Section 8 eligible units. The lack of other specific metrics makes it difficult to provide a comprehensive analysis, but the FMR remains a reliable starting point for investment decisions. Verdict: Suitable for Section 8 investments if priced correctly.
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.