Location: Fountain County, IN | Metro: Fountain County, IN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,690 |
| 5 Bedrooms | $1,960 |
| 6 Bedrooms | $2,195 |
| 7 Bedrooms | $2,371 |
| 8 Bedrooms | $2,490 |
U.S. Census Bureau data (2024)
The ZIP code 47969 presents a unique snapshot of the rental market, particularly for those interested in Section 8 housing opportunities. With a Fair Market Rent (FMR) set at $970 for the fiscal year 2026, landlords can expect to receive a fixed payment standard that aligns with the area's rental costs.
The absence of recent market rent data suggests that 47969 may be a less volatile market, or perhaps an under-served area where consistent rental prices are maintained. The lack of information on price-cut shares and days on market (DOM) indicates a stable market without significant fluctuations in rental pricing or rapid changes in inventory availability. This stability can be advantageous for both landlords and tenants, ensuring predictable income and living expenses.
A median home value that is not currently available implies that the area might be predominantly rental-focused, which ties into the observed 18.2% renter share. This percentage highlights a notable segment of the population that relies on renting rather than owning their homes. In such a scenario, the demand for rental properties is likely to remain steady, driven by a mix of affordability and lifestyle preferences among residents.
The dynamics of a 18.2% renter share suggest a persistent long-term housing pressure, as renters often include young professionals, students, and families who find homeownership challenging due to financial constraints or other factors. This demographic trend supports a robust rental market, potentially indicating that demand could outpace supply if new rental units are not continuously added to the housing stock.
For landlords and small-portfolio investors, understanding these dynamics is crucial. The reliance on rental properties in 47969 means that there is a consistent need for affordable housing options. Engaging with Section 8 programs, therefore, can provide a reliable source of income while contributing to the community's housing needs.
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.