Indiana

Fountain County

ZIP 47987

16,546 residents22 permits TTM$62,526 median HHI5 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$133,200

ACS 5-Year

Cap rate proxy

7.5%

FMR × 0.65 ÷ Home Value

Rent-to-income

16.1%

HUD FMR ÷ ACS HHI

Net migration

+1.90%

IRS SOI

Permits (TTM)

22

Census BPS

Climate risk

21.2

FEMA NRI (0–100)

ZIP 47987

Median home value

Gross yield

Buy Box score

0.8

Section 8 gap

Affordability

P/I: 3.0R/I:

Section 8 detail

SAFMR: Rent: Gap:
ZIP code breakdown5 ZIP codes
ZIPMedian home valueRent (FMR 2BR)Gross yieldBuy Box scoreSection 8 gap
479520.8
479180.8
479870.8
479490.7
479320.6

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Demographics

Owner-occupied

74.7%

Census ACS

Vacancy rate

12.4%

Census ACS

Bachelor's degree +

13.7%

Census ACS

Rent burdened

27.9%

Census ACS (>30% income)

Median age

42.8

Census ACS

Data sources
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026