Location: Spencer County, IN | Metro: Spencer County, IN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,480 |
| 5 Bedrooms | $1,717 |
| 6 Bedrooms | $1,923 |
| 7 Bedrooms | $2,077 |
| 8 Bedrooms | $2,181 |
U.S. Census Bureau data (2024)
The ZIP code 47552 stands out due to its unique demographic and economic characteristics. With only 193 residents, it has an exceptionally low population density. Interestingly, there are no reported instances of residents renting homes, indicating that the area is predominantly owner-occupied. The median income in this ZIP is a robust $146,141, which suggests a high level of financial stability among its inhabitants.
Despite the lack of available data on the median home value, the county's focus on owner-occupied homes aligns with the high median income. This ZIP code does not have a recorded median home value, possibly due to the small sample size of homes or limited data reporting. However, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,030. Given the absence of market rent data, this FMR can serve as a benchmark for rental costs if any rental properties were to exist in this ZIP. Since the market rent is not available, the FMR provides a guideline for potential rental pricing, though it should be noted that this figure is based on broader metropolitan averages and may not reflect the specific conditions of ZIP 47552.
The data signature for ZIP 47552 reads as stable. The high median income and the absence of rental housing suggest that the majority of residents are financially secure homeowners. This stability is further reinforced by the lack of transitional indicators such as a fluctuating population or diverse income levels. While the absence of certain data points like median home value limits a comprehensive analysis, the existing data paints a picture of a small, financially stable community with strong homeowner tendencies.
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.