Location: Parke County, IN | Metro: Parke County, IN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,360 |
| 5 Bedrooms | $1,578 |
| 6 Bedrooms | $1,767 |
| 7 Bedrooms | $1,908 |
| 8 Bedrooms | $2,003 |
U.S. Census Bureau data (2024)
The ZIP code 47836 stands out due to its unique demographic and economic characteristics. With only 61 residents, it is one of the smallest communities in terms of population size. The data reveals that there are no renters in this area, indicated by the 0.0% rental rate, suggesting that all residents own their homes. However, the lack of available data on median income and median home value complicates a comprehensive analysis of the local economy.
Moving to the specifics of Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 47836 in fiscal year 2024 is set at $1140. This figure is critical for landlords and small-portfolio investors as it represents the maximum amount of rent that can be charged to tenants using federal housing assistance. The absence of market rent data makes it difficult to compare the FMR against local rental rates, but it serves as a benchmark for rental pricing in federally subsidized housing.
The data signature for ZIP 47836 reads as "stable." Despite the limited data points, the fact that there are no renters and the entire community consists of homeowners indicates a settled environment. The small population size suggests a tight-knit community where changes are likely to be gradual rather than abrupt. For investors and landlords considering Section 8 participation, the stability implied by the ownership structure could be an attractive feature, although the lack of detailed economic indicators means that caution should still be exercised when making investment decisions.
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.