Location: White County, IN | Metro: Jasper County, IN HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,800 |
| 5 Bedrooms | $2,088 |
| 6 Bedrooms | $2,339 |
| 7 Bedrooms | $2,526 |
| 8 Bedrooms | $2,652 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,210 | $172,818 | 0.7% | D |
| 3BR | $1,440 | $236,853 | 0.61% | D |
| 4BR | $1,800 | $265,912 | 0.68% | D |
U.S. Census Bureau data (2024)
The rent math in ZIP 47995 does not work favorably for landlords. The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $1110, while the actual market rent based on Census ACS data stands at $844. This discrepancy indicates that landlords might struggle to meet the FMR without significantly undercutting their profitability.
Acquisition in ZIP 47995 is relatively affordable with a median home value of $219,340. However, the lack of data on days on market (DOM) and the percentage of homes needing price cuts suggests limited insight into the speed and ease of selling properties. Landlords should be cautious about overpaying for homes, given the incomplete picture of the local real estate market dynamics.
Tenant demand is modest in ZIP 47995. With a total population of 1,860, only 14.6% of residents are renters. This low renter share implies a smaller pool of potential tenants, which could affect occupancy rates and make it harder to find and retain quality tenants.
Verdict: ZIP 47995 presents challenges for landlords and small-portfolio investors due to the unfavorable rent math and modest tenant demand. While the median home value offers an affordable entry point, the incomplete data on real estate market performance introduces uncertainty. Investors should proceed with caution and consider diversifying their portfolios beyond this area to mitigate risks.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.