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Owen County/Solsberry/47459

47459

ZIPSAFMR
Owen County, IN
Zillow

ZIP Investment Score

63Below average

095130300
BRFMR
Eff. Rent
0 BR$850$850
1 BR$890$890
2 BR$1,090$1,090
3 BR$1,360$1,360
4 BR$1,670$1,670
5 BR$1,920Not available
6 BR$2,209Not available
7 BR$2,540Not available
8 BR$2,921Not available

Purchase Price Calculator

Maximum purchase price
$100,057

Cost breakdown

+Likely effective rent$1,090
HUD FMRUsed$1,090
Market rentN/A
Est. payment standardN/A
-Principal and interest-$506
Loan amount$80,046
Down payment$20,011
Rate6.50%
Term30 years
-Operating costs-$384
Property taxes-$100
Insurance-$175
Utilities$0
HOA$0
Management-$109
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$17,761(88.8% ROI)
Projected value
$107,751
Return breakdown
Property appreciation+$7,693
Loan principal paid down+$2,868
Rental cash flow+$7,200
5-year hold
+$30,262(151.2% ROI)
Projected value
$113,205
Return breakdown
Property appreciation+$13,148
Loan principal paid down+$5,114
Rental cash flow+$12,000
10-year hold
+$64,210(320.9% ROI)
Projected value
$128,081
Return breakdown
Property appreciation+$28,024
Loan principal paid down+$12,186
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
--
Mortgage rate
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ZIP 47459 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 47459 (Solsberry, IN) is $1,090 a month. That is up 6.9% from $1,020 in FY 2026. Solsberry is in the Owen County, IN HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,014. Among 15 ZIP codes in Owen County, 47459 is tied for the 4th-highest two-bedroom rent (county range $1,010–$1,280).

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 47459
BedroomsFY 2027Change90–110% range
Studio$850+7.6%$765–$935
1BR$890+7.2%$801–$979
2BR$1,090+6.9%$981–$1,199
3BR$1,360+5.4%$1,224–$1,496
4BR$1,670+10.6%$1,503–$1,837

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 47459
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$850$890$1,090$1,360$1,670
FY 2026$790$830$1,020$1,290$1,510
FY 2025$760$790$1,000$1,290$1,520
FY 2024$680$680$890$1,130$1,470
FY 2023$630$650$850$1,170$1,450

Two-bedroom rent in nearby Owen County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 47459
47404$1,270+16.5%
47424$1,080−0.9%
47427$1,010−7.3%
47431$1,010−7.3%
47433$1,010−7.3%
47455$1,010−7.3%
47456$1,100+0.9%
47459Current$1,090—
47460$1,0900.0%
47471$1,010−7.3%
47833$1,060−2.8%
47841$1,010−7.3%

Questions about ZIP 47459 rents

How much will Section 8 pay for a two-bedroom in ZIP 47459?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,014, which applies unless the housing authority uses Small Area FMRs, that basic range is $913 to $1,115 a month; under the ZIP-level Small Area FMR of $1,090 it would be $981 to $1,199. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 47459 in?

ZIP 47459 is in the Owen County, IN HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,014.

How much did fair market rent change in ZIP 47459 for FY 2027?

The two-bedroom FMR rose 6.9%, from $1,020 in FY 2026 to $1,090 in FY 2027. Since FY 2023 it has risen 28.2%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentSolsberry, IN fair market rentIN statewide rentsWhat is SAFMR?Data sources