Location: Warren County, IN | Metro: Warren County, IN HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
U.S. Census Bureau data (2024)
ZIP 47982, located within the Warren County, IN HUD Metro FMR Area, serves as a solid cash-flow anchor within a Section 8 portfolio strategy. The Fair Market Rent (FMR) for this area in fiscal year 2024 is set at $860. Given that there is no available data on the local market rents or median home values, we must rely on the FMR as a benchmark for assessing the viability of this ZIP code.
The FMR acts as a guaranteed minimum rent level for landlords participating in the Section 8 program. This ensures steady cash flow, which is crucial for maintaining the financial health of a rental portfolio. Since the FMR is established by HUD and reflects the average rent levels for a specific area, landlords can count on receiving a consistent income from tenants covered under this program.
Furthermore, the lack of data on market rents and median home values suggests that this ZIP code may be less volatile compared to areas with higher fluctuations. This stability is beneficial for landlords who prefer predictable cash flows over speculative investments aimed at rapid appreciation.
The median income in ZIP 47982 is $73,750, indicating a moderate economic base. With a renter share of 7.9%, it's clear that this area is not heavily reliant on rental properties, which could mean lower competition among landlords. This scenario supports the idea of ZIP 47982 being an anchor for cash flow rather than a primary driver for property appreciation.
In conclusion, ZIP 47982 should be considered a reliable cash-flow anchor due to the guaranteed FMR of $860, providing landlords with a stable income source within their Section 8 portfolio. The absence of significant appreciation potential and the moderate economic indicators support this strategic positioning.
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.