Section 8 Fair Market Rent (FMR) for ZIP 47719 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 47719, located in Indiana, is an area that offers unique opportunities for real estate investors, particularly those interested in the Section 8 housing market. The Fair Market Rent (FMR) figures provide a solid benchmark for rental pricing, while other metrics offer insights into the broader real estate landscape.

• The Fair Market Rent (FMR) for ZIP 47719 in fiscal year 2024 is set at $1090.
• The market rent data is currently unavailable for this specific ZIP code.
• The median home value is also not available, making it difficult to assess property appreciation potential.
• The percentage of the population that rents versus owns homes is not provided, which limits our understanding of the demand for rental properties.
• The Days on Market (DOM) figure is not available, so we cannot determine how quickly properties are selling or renting.
• The median income for residents in ZIP 47719 is not specified, which impacts our ability to gauge the financial health and stability of potential tenants.

In summary, the key data point for investors in ZIP 47719 is the Fair Market Rent of $1090, which should be the baseline for setting rental prices for properties participating in the Section 8 program. However, the lack of additional critical metrics such as market rent, median home values, and median income makes it challenging to fully evaluate the investment potential and risks associated with this area. Landlords and small-portfolio investors should proceed with caution and consider supplementing this information with local market intelligence before making any significant investment decisions.

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.