Location: Pike County, IN | Metro: Dubois County, IN
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,670 |
| 5 Bedrooms | $1,937 |
| 6 Bedrooms | $2,169 |
| 7 Bedrooms | $2,343 |
| 8 Bedrooms | $2,460 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,470 | $268,915 | 0.55% | F |
U.S. Census Bureau data (2024)
The analysis of ZIP 47590 in Pike County, Indiana, reveals several key points that landlords and small-portfolio investors should consider.
The first question to address is whether the rent math works. The Fair Market Rent (FMR) for the Pike County metro area in fiscal year 2026 is set at $1,000. However, the market rent for ZIP 47590 is currently listed as N/A, which means there isn't enough data to determine if the rent aligns with the FMR. This uncertainty could pose a risk for investors seeking to rely on rental income.
Regarding the affordability of acquisition, the median home value in ZIP 47590 stands at $249,869. With insufficient data on the days on market (DOM) and the percentage of homes that have had their prices cut, it's challenging to assess how competitive the market is for acquiring properties. A higher DOM and a significant share of price cuts might indicate a less favorable market for buying homes.
Finally, we must evaluate the tenant demand. ZIP 47590 has a total population of 544, with only 10.6% being renters. This relatively low renter share suggests limited demand for rental properties, which could result in challenges in filling units and maintaining occupancy rates.
Verdict: While the median home value of $249,869 offers an affordable entry point into ZIP 47590, the lack of market rent data and the low renter share of 10.6% present significant risks. The limited tenant demand combined with the uncertainty around market rents makes this ZIP code a less attractive investment opportunity for landlords and small-portfolio investors looking for stable returns and occupancy levels.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.