Location: Gibson County, IN | Metro: Gibson County, IN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
U.S. Census Bureau data (2024)
The ZIP code 47654 stands out due to its extremely low number of residents—only 27 individuals—and an absence of rental activity, indicated by the 0.0% renting rate. This unique demographic signature suggests a highly specialized community, possibly rural or with significant private ownership, which does not align with typical urban or suburban rental markets.
The lack of median income and median home value data points to a scarcity of comprehensive economic information about the area, likely due to the small population size. However, the Fair Market Rent (FMR) for the metro area covering ZIP 47654 has been set at $1,020 for fiscal year 2026. Given that there is no available market rent data, the FMR serves as a benchmark for housing costs in the area. Landlords should note that this figure is used to determine payment standards for Section 8 vouchers, meaning that tenants with vouchers will have their rent capped at this amount.
Despite the limited data, the economic stability of ZIP 47654 can be inferred from the consistency of its population size and the absence of rental dynamics. The data signature reads as stable, reflecting a static environment where change is minimal. For landlords and small-portfolio investors considering this ZIP code, the focus should be on understanding the local context and leveraging the FMR as a guideline for pricing. Given the low population density and the absence of rental demand, opportunities for expansion into this market are unlikely, and existing properties should be managed with an eye toward maintaining a consistent, stable presence in the community.
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.