Section 8 Fair Market Rent (FMR) for ZIP 47878 - 2027

FY 2027 Fair Market Rent Rates

980 is the Fair Market Rent (FMR) for ZIP 47878 in fiscal year 2024, according to HUD guidelines. This figure represents the maximum amount a landlord can charge for a one-bedroom unit under the Section 8 program. While the exact market rent for ZIP 47878 is currently unavailable, the FMR serves as a reliable benchmark for rental pricing in the area.

980 FMR also indicates that the rental market in ZIP 47878 is tightly regulated for those participating in the Section 8 program. Landlords must ensure their rental rates align with this figure to remain eligible for the program.

980 should be considered alongside other investment metrics. Although the median home value, median income, days on market (DOM), and price-cut share percentages are not available, the FMR provides a clear guideline for rental income expectations.

980 FMR underscores the importance of understanding local rental dynamics. For landlords and small-portfolio investors, this figure ensures compliance with HUD standards while providing a consistent income stream.

980 makes ZIP 47878 an attractive option for investors seeking stable rental markets. The absence of detailed market data suggests a less competitive environment, potentially offering more control over property management and tenant selection.

980 FMR reflects the balance between affordability and profitability in ZIP 47878. It allows landlords to charge a reasonable rate while ensuring tenants have access to affordable housing options.

Verdict: ZIP 47878 presents a solid opportunity for Section 8 investments, with a clear FMR guideline of $980 for one-bedroom units in FY 2024.

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.