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 47683, located in Gibson County, Indiana, presents a unique opportunity for Section 8 investors. According to recent data, the median home value in ZIP 47683 is approximately $112,500, which is notably lower than the national average. This makes it an attractive region for those looking to invest in properties that can be rented out to voucher tenants.
The HUD Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,070. However, the market rent for ZIP 47683, particularly for 3+ bedroom units, typically ranges between $300 and $499 per month. This indicates that voucher tenants will generally cashflow at the FMR level, providing a significant financial advantage to landlords.
To further understand the investment potential, consider the rent-to-price ratio. Given the median home value of $112,500 and the HUD FMR of $1,070, the ratio suggests that properties in this ZIP code can generate substantial returns relative to their purchase price. This is particularly evident when comparing the FMR to the typical market rent, which is significantly lower.
The dynamics of the rent versus buy market in ZIP 47683 support the case for rental investments over purchasing homes for personal use. With the current median days on market (DOM) and price cut shares being unavailable, it's crucial to focus on the stable and predictable cash flow that comes with Section 8 rentals.
The strongest investor angle in ZIP 47683 is undoubtedly the cash flow generated by voucher tenants, who can pay a rate well above the local market rent, ensuring a profitable investment strategy.
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.