Location: Terre Haute, IN | Metro: Terre Haute, IN HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,190 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,880 |
| 5 Bedrooms | $2,181 |
| 6 Bedrooms | $2,443 |
| 7 Bedrooms | $2,638 |
| 8 Bedrooms | $2,770 |
The ZIP code 47869, located within the HUD Metro FMR Area of Terre Haute, IN, serves as a strategic cash-flow anchor in a Section 8 portfolio. The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $1010. This figure provides a stable baseline for rental income, ensuring that landlords can rely on consistent cash flow from tenants participating in the Section 8 housing choice voucher program.
While specific market data such as the median home value and price-cut share is not available, the FMR of $1010 offers a predictable revenue stream. This predictability is crucial for landlords and small-portfolio investors who seek to manage their financial risks effectively. By anchoring part of their portfolio in areas with defined FMRs, they can mitigate the volatility associated with market-rate rentals.
The lack of detailed market data does not detract from the ZIP's utility as a cash-flow anchor. In fact, the absence of fluctuating market rates allows investors to focus on the steady income provided by the Section 8 program without the need to adjust rents frequently. This stability is particularly beneficial in an economic environment where other investments might face more uncertainty.
Moreover, the HUD Metro FMR Area designation ensures that the ZIP code is part of a larger region with similar housing needs and affordability challenges. This regional consistency further reinforces the ZIP's role as a reliable cash-flow generator within a broader investment strategy.
To summarize, ZIP 47869 is best suited as a cash-flow anchor due to its clearly defined FMR. This makes it a dependable component of a Section 8 portfolio, providing landlords and investors with a predictable and stable source of income.
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.