Location: Fountain County, IN | Metro: Fountain County, IN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
17.6% of residents in ZIP 47958 are renters, indicating a modest demand for rental properties in the area. The Fair Market Rent (FMR) for the metro region in fiscal year 2026 is set at $960, which serves as a benchmark for rental pricing. Landlords should note that the median income of $86,000 suggests tenants may be financially stable enough to meet this FMR. However, the lack of data on market rent and median home value means investors must rely on local real estate agents or other sources to understand the true market dynamics. Additionally, the absence of days on market (DOM) and percentage of price-cut share figures makes it challenging to assess how quickly properties sell and whether price reductions are common. For landlords and small-portfolio investors, the key takeaway is that while there is a defined FMR, the local rental market's specifics require further investigation. The Section 8 program can offer a reliable source of income, given the established FMR and the financial stability indicated by the median income. However, without additional metrics, making informed decisions about property investments in ZIP 47958 remains somewhat speculative. In conclusion, the current data supports a cautious approach to Section 8 participation, leveraging the known FMR while remaining vigilant about local market conditions.
960 is the Fair Market Rent for ZIP 47958 in fiscal year 2026, providing a clear guideline for rental pricing. 86,000 is the median income, suggesting potential tenants have the financial capacity to pay the FMR. 17.6% represents the share of renters in the area, a figure that indicates a steady but not overwhelming demand for rentals. Given these numbers, landlords should consider the benefits of participating in the Section 8 program, as it offers a predictable revenue stream based on the established FMR. However, the lack of data on market rent, median home value, days on market, and price-cut share means investors must proceed with caution and seek out additional local insights to fully understand the rental landscape. The verdict on Section 8 for ZIP 47958 is positive, but with caveats; landlords should engage with local real estate experts to fill in the missing pieces before making any 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.