Location: Montgomery County, IN | Metro: Montgomery County, IN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $950 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
U.S. Census Bureau data (2024)
ZIP 47916, located in Montgomery County, Indiana, presents itself as a strong diversifier within a Section 8 portfolio strategy. With a 45.0% renter share, this area offers landlords and small-portfolio investors a significant opportunity to tap into a robust rental market.
The median income data for ZIP 47916 is currently unavailable, but the high percentage of renters suggests a diverse demographic base. This diversity can help stabilize rental income, as it indicates that there is a consistent demand for rental properties regardless of economic fluctuations.
Despite the lack of specific figures for the Fair Market Rent (FMR) for FY 2026 and the median home value, the 47916 market shows potential for appreciation plays. The recent sale price trend indicates a 35.9% discount below list price, with an average of 115 days on the market. These figures suggest that while there may be opportunities for price reductions, the market is not overly saturated with distressed properties.
A critical aspect to consider is the climate's impact on housing. According to recent data, 47916 has a minor risk of flooding, with less than 1% of properties expected to be severely affected over the next 30 years. Additionally, the area has a minimal risk of wildfire and a minor risk of severe wind events, particularly hurricanes. This relatively low risk profile can be advantageous for maintaining property values and minimizing unexpected expenses related to natural disasters.
In summary, ZIP 47916 is best suited as a diversifier within a Section 8 portfolio due to its significant renter share and stable rental market. While appreciation plays may also be possible, the primary strength lies in its ability to provide steady cash flow and mitigate risks associated with single-income sources or highly volatile markets.
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.