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Housing market/Indiana/ZIP 47448

ACS 2023 · FY2027 SAFMR

ZIP 47448 Nashville, Indiana

Indianapolis-Carmel, IN HUD Metro FMR Area · Indiana. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
7,719
Households
3,253
Median HH income
$65,136
Renter share
20.6%
Median gross rent
$1,032
Vacancy
18.6%
Pop. change
+10.0%
2BR SAFMR
$1,290
SAFMR / rent
1.250×
2–49 unit stock
291
LIHTC proj / units
3 / 194
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 47448 · IN — sent to you.

ZIP 47448 · IN

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ACS rent vs 2BR SAFMR

ZIP 47448 — Nashville, IN HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,032
2BR SAFMR$1,290
90% floor$1,161
110% ceiling$1,419

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 47448

  • 1-unit detached3,35984.1%
  • 1-unit attached812.0%
  • 2–4 units1553.9%
  • 5–49 units1363.4%
  • 50+ units1543.9%
  • Mobile1102.8%
TypeUnitsShare
1-unit detached3,35984.1%
1-unit attached812.0%
2 units (duplex)852.1%
3–4 units701.8%
5–9 units431.1%
10–19 units771.9%
20–49 units160.4%
50+ units1543.9%
Mobile1102.8%

2–4 unit share 3.9% · 5–49 unit share 3.4% · combined 2–49 7.3%.

Units by bedrooms

Studio
35
1BR
303
2BR
1,350
3BR
1,735
4BR
478
5+
94

Rent burden

Rent ≥30% of income48.3%
Rent ≥50% of income26.2%
  • ACS median gross rent $1,032 (all bedrooms, occupied rentals).
  • Median contract rent $835.
  • Renters paying ≥30% of income 48.3%; ≥50% 26.2%.
  • FY2027 2BR SAFMR $1,290 (1.250× ACS median gross rent).

Population

7,719 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +10.0%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 3 projects, 194 units.
  • HUD project-based assisted MF: not published for this ZIP.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 15 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 47448 20.6% of occupied households are renters; vacancy is 18.6%; ACS median gross rent is $1,032; population increased +10.0% between the 2018 and 2023 ACS vintages; the housing stock includes 155 units in 2–4-unit structures and 136 units in 5–49-unit structures; 3 LIHTC projects totaling 194 units; FY2027 2BR SAFMR is $1,290 versus ACS median gross rent of $1,032. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Indiana research

ZIP 47448 is a Census / HUD profile for Indianapolis-Carmel, IN. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 47448 — Nashville, IN HUD Section 8 Payment Standards / SAFMR·Indiana ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
46030Indianapolis-Carmel, IN HUD Metro FMR Area20.9%$951$1,27046032Indianapolis-Carmel, IN HUD Metro FMR Area33.0%$1,522$2,14046033Indianapolis-Carmel, IN HUD Metro FMR Area13.1%$1,597$2,16046034Indianapolis-Carmel, IN HUD Metro FMR Area13.4%$1,038$1,41046037Indianapolis-Carmel, IN HUD Metro FMR Area18.7%$1,463$2,02046038Indianapolis-Carmel, IN HUD Metro FMR Area31.4%$1,489$1,99046040Indianapolis-Carmel, IN HUD Metro FMR Area13.2%$1,344$1,62046052Indianapolis-Carmel, IN HUD Metro FMR Area25.2%$911$1,28046055Indianapolis-Carmel, IN HUD Metro FMR Area14.7%$1,596$2,09046060Indianapolis-Carmel, IN HUD Metro FMR Area31.0%$1,215$1,66046061Indianapolis-Carmel, IN HUD Metro FMR Area——$1,96046062Indianapolis-Carmel, IN HUD Metro FMR Area19.3%$1,458$1,870

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Indiana research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 47448?

ZIP 47448 (Indianapolis-Carmel, IN HUD Metro FMR Area) has 7,719 residents, 3,253 households, a renter share of 20.6%, median household income of $65,136, and ACS 2023 median gross rent of $1,032. Vacancy is 18.6%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 47448?

ACS counts 85 units in 2-unit buildings, 70 in 3–4 unit buildings, 43 in 5–9, 77 in 10–19, and 16 in 20–49. Combined 2–49 unit stock is 291 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 47448?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,290. See the full schedule and 90–110% payment-standard band on the ZIP 47448 — Nashville, IN HUD Section 8 Payment Standards / SAFMR.

Does this Indiana ZIP profile include Georgia listings?

No. ZIP 47448 is Census / HUD research for Indianapolis-Carmel, IN HUD Metro FMR Area. Jeff Crowe CRE does not list Indiana property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.