Indiana

Montgomery County

ZIP 47994

38,155 residents94 permits TTM$66,571 median HHI11 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$166,300

ACS 5-Year

Cap rate proxy

6.0%

FMR × 0.65 ÷ Home Value

Rent-to-income

14.9%

HUD FMR ÷ ACS HHI

Net migration

+1.24%

IRS SOI

Permits (TTM)

94

Census BPS

Climate risk

41.0

FEMA NRI (0–100)

ZIP 47994

Median home value

Gross yield

Buy Box score

Section 8 gap

Affordability

P/I: 3.1R/I:

Section 8 detail

SAFMR: Rent: Gap:
ZIP code breakdown11 ZIP codes
ZIPMedian home valueRent (FMR 2BR)Gross yieldBuy Box scoreSection 8 gap
479550.7
479900.6
479890.6
479400.6
479540.5
47933$166,300$1,2308.9%0.548.7%
47916
47965
47967
47968$166,300$1,2108.7%46.3%
47994

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Demographics

Owner-occupied

77.8%

Census ACS

Vacancy rate

6.1%

Census ACS

Bachelor's degree +

19.5%

Census ACS

Rent burdened

38.3%

Census ACS (>30% income)

Median age

40.0

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