Location: Parke County, IN | Metro: Terre Haute, IN HUD Metro FMR Area
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 | $780 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,010 | $137,197 | 0.74% | D |
| 3BR | $1,310 | $209,744 | 0.62% | D |
| 4BR | $1,390 | $260,242 | 0.53% | F |
U.S. Census Bureau data (2024)
Based on the latest data for ZIP 47874 (Rosedale, IN), the Fair Market Rent (FMR) for zip FY 2024 stands at $1140. This figure is crucial for landlords participating in the Section 8 program, as it sets the upper limit for rental agreements. Meanwhile, the market rent reported by the Census ACS is $685, indicating a significant gap between the actual market rates and what is considered fair for subsidized housing. Landlords can leverage this difference to ensure they receive competitive rates while still being eligible for the program.
The median home value in Rosedale, IN is $178,124, which provides a baseline for property values in the area. With a 10.5% renter share, it's clear that a substantial portion of the population relies on renting, creating a steady demand for rental properties. The median income of $50,168 suggests that many residents could qualify for assistance through Section 8, given the income limits set by the program.
While the days on market (DOM) and the percentage of price-cut share are listed as N/A, these figures typically impact how quickly a property can be rented out and at what price point adjustments might be necessary. However, with the established gap between the FMR and market rent, landlords have a built-in advantage without needing to adjust their pricing significantly.
In conclusion, the data points to a favorable environment for landlords interested in the Section 8 program. The discrepancy between the $1140 FMR and the $685 market rent offers a unique opportunity to maximize rental income while providing affordable housing options. Given the $178,124 median home value and the $50,168 median income, there is a strong potential for attracting qualified tenants. The 10.5% renter share further supports the idea that rental properties are in demand. Therefore, landlords and small-portfolio investors should consider the benefits of participating in Section 8 in Rosedale, IN.
Verdict: Section 8 presents a viable and profitable option for landlords in ZIP 47874.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.