Location: Evansville, 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 | $980 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,270 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $1,730 |
| 5 Bedrooms | $2,007 |
| 6 Bedrooms | $2,248 |
| 7 Bedrooms | $2,428 |
| 8 Bedrooms | $2,549 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $980 | $86,788 | 1.13% | B |
| 2BR | $1,270 | $182,292 | 0.7% | D |
| 3BR | $1,560 | $238,019 | 0.66% | D |
| 4BR | $1,730 | $344,097 | 0.5% | F |
| 5BR | $2,007 | $452,541 | 0.44% | F |
U.S. Census Bureau data (2024)
With a Fair Market Rent (FMR) of $1230 for zip code 47715 in Evansville, IN, for fiscal year 2024, landlords can align their rental prices with HUD guidelines to attract Section 8 tenants. The actual market rent, known as ZORI, stands at $1,386, indicating that while slightly above the FMR, properties remain competitive. The median home value of $236,267 suggests a stable housing market, which benefits long-term investments. With a 50.4% renter share, it's evident that a significant portion of the population is already租房市场，这对房东和小型投资组合的投资者来说是个好消息。中位数收入为$60,897，表明租户可能有足够的经济能力来支付租金。此外，待售天数（DOM）为23天，显示出房产在市场上停留的时间较短，这通常意味着需求强劲。价格下调比例仅为0.2%，进一步证明了该地区的房地产市场稳定且具有吸引力。 综上所述，对于想要参与Section 8项目的房东和小型投资组合投资者来说，埃文斯维尔47715邮政编码区是一个有潜力的投资地点。然而，最终的决定应基于对当地市场的深入分析和个人投资目标。对于符合条件的投资者，参与Section 8项目可以提供稳定的现金流和长期的资产增值机会。 Section 8 verdict: A viable investment option with strong market demand and stability.
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.