Location: Evansville, IN | Metro: Evansville, IN MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
27,618 residents call Inglefield, IN their home. This community has seen a significant increase in population over the past five years, growing by 15.6%. With a median household income of $62,618, it stands 100.1% above the state average, indicating a prosperous area.
$296,558 is the median home value in ZIP 47618, up 32.7% from five years ago. This figure is also 100.6% higher than the state average, suggesting a competitive real estate market.
$1,739 is the median rent in the area, which has increased by 25.1% over the last five years. However, the Fair Market Rent (FMR) for ZIP 47618 in fiscal year 2024 is set at $1090, significantly lower than the actual median rent.
The overall livability score of 72 out of 100 indicates a good quality of life in Inglefield, IN. This score takes into account various factors such as amenities, cost of living, safety, education, employment, housing, and weather.
Amenities and housing receive high scores of 100/100 and 88/100 respectively, making Inglefield an attractive option for those seeking well-maintained properties and a rich array of community resources.
The cost of living index is 59, which is below the national average of 100. This means that residents enjoy a higher disposable income, easier savings, and potentially better quality of life compared to the national average.
With a median age of 40.4 years, Inglefield represents a mature community where residents benefit from a stable environment and established neighborhoods.
Given the strong economic indicators and the disparity between the median rent and the FMR, Inglefield, IN is a favorable location for Section 8 investments. Landlords and small-portfolio investors should find the area conducive to successful rental operations.
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.