Location: Spencer County, IN | Metro: Spencer County, IN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
The ZIP code 47556 in Spencer County, Indiana, stands out due to limited data availability, which includes the number of residents, percentage of renters, median income, and median home value. This scarcity of information can make it challenging to assess the typical economic profile of the area compared to national or state averages.
Moving to the specifics of Section 8 voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $960. This figure is crucial for landlords and small-portfolio investors as it dictates the maximum rental amount that can be covered under the voucher program. However, without a clear indication of the local market rent, it's difficult to gauge how competitive this FMR is within ZIP 47556 specifically.
The data signature for ZIP 47556 reads as transitional. With key economic indicators missing, it suggests that the area might be undergoing changes that affect its housing market dynamics. Landlords should remain vigilant about market trends and be prepared to adjust their strategies accordingly. The reliance on FMR data for voucher economics highlights the importance of staying informed about federal guidelines and how they impact local rental markets.
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.