Section 8 Fair Market Rent (FMR) for ZIP 47580 - 2027

Location: Dubois County, IN | Metro: Dubois County, IN

FY 2027 Fair Market Rent Rates

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

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

140

Median Household Income

$N/A

Housing Units

Renter Percentage

N/A

Occupancy Rate

100.0%

Renter Occupied

A landlord considering ZIP code 47580 for Section 8 investments must follow a structured decision-making process based on the following criteria:

1. Debt Service Coverage Ratio (DSCR): The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is $960. This figure needs to be compared against the total monthly debt service on a property valued at $267,350. If the monthly rental income of $960 can cover the mortgage payments and other expenses, then the DSCR is positive and buying a property in this ZIP code makes financial sense. However, if the monthly debt service exceeds $960, the investment would not be viable under Section 8.

2. Market Rent Comparison: The current market rent for ZIP 47580 is listed as N/A. Without specific market rent data, it's impossible to determine whether the market rent is above, at, or below the FMR. If market rent is higher than $960, it suggests that landlords could potentially earn more by renting outside of the Section 8 program. If it's equal to or lower than $960, the Section 8 rate aligns well with the market, making it a reasonable choice for rental income.

3. Demand Assessment: The percentage of renters in ZIP 47580 is 0.0%, and the days on market (DOM) is also listed as N/A. These figures indicate a lack of specific data regarding the rental market demand. If the percentage of renters were higher and the DOM was low, it would suggest strong demand for rentals, making the ZIP code attractive for Section 8 properties. Conversely, with 0.0% renters and unknown DOM, there is insufficient evidence to conclude that there is enough demand to support an investment.

Yes: If the FMR of $960 covers the debt service and market rent is either equal to or less than the FMR, and there is a significant percentage of renters with a short DOM, then investing in ZIP 47580 for Section 8 is advisable.
No: If the FMR does not cover the debt service or if market rent is significantly higher than the FMR, then it would not be a prudent decision to invest in this ZIP code under the Section 8 program.
It Depends: Given the lack of market rent and DOM data, the viability of an investment hinges on obtaining accurate and up-to-date market information. If the missing data points are clarified and indicate favorable conditions, then the decision to invest could shift towards a "Yes."

The decision to buy in ZIP 47580 for Section 8 investments requires careful consideration of the above factors. With the current data, the answer leans towards "No" due to the inability to clear debt service and the lack of market rent and DOM data necessary to assess demand accurately.

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.