Location: Gibson County, IN | Metro: Evansville, IN MSA
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 | $800 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,050 | $214,076 | 0.49% | F |
| 3BR | $1,320 | $313,991 | 0.42% | F |
| 4BR | $1,470 | $409,237 | 0.36% | F |
U.S. Census Bureau data (2024)
15.8% of residents in ZIP 47639, Haubstadt, IN, are renters, indicating a modest demand for rental properties. The $1000 Fair Market Rent (FMR) for the area in fiscal year 2024 suggests that landlords can expect to receive this amount per unit when participating in the Section 8 program. Comparatively, the $898 average market rent reported by the Census Bureau highlights a slight premium for Section 8 participants, making it a favorable option for landlords looking to ensure steady income. The median home value stands at $310,325, reflecting a stable housing market where property values are relatively high but not out of reach for many potential buyers. However, the median income of $97,930 provides insight into the financial capabilities of the local population, which could impact their ability to afford higher rents or purchase homes. Unfortunately, the lack of specific data on days on market (DOM) and the percentage of price-cut shares indicates that there might be limited information available regarding the speed of sales and the frequency of price reductions in the area. This could suggest a slower-paced real estate market, though it does not necessarily imply difficulty in selling properties. Given these factors, particularly the alignment between the FMR and the slightly lower market rent, landlords and small-portfolio investors should find the Section 8 program a viable and profitable investment strategy in Haubstadt, IN.
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.