JeffCroweCRE

Housing market/Indiana/ZIP 46151

ACS 2023 · FY2027 SAFMR

ZIP 46151 Martinsville, 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
32,339
Households
12,386
Median HH income
$77,724
Renter share
20.0%
Median gross rent
$978
Vacancy
7.3%
Pop. change
+1.7%
2BR SAFMR
$1,300
SAFMR / rent
1.329×
2–49 unit stock
1,037
LIHTC proj / units
1 / 38
HUD assisted MF
4 / 260

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 46151 · IN — sent to you.

ZIP 46151 · IN

By checking this box you agree that you may be referred to another real estate broker or related service and acknowledge that CENTURY 21 The Avenues licensees and/or affiliates may be paid a valuable consideration for facilitating such referral.

ACS rent vs 2BR SAFMR

ZIP 46151 — Martinsville, IN HUD Section 8 Payment Standards / SAFMR →
ACS median rent$978
2BR SAFMR$1,300
90% floor$1,170
110% ceiling$1,430

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

Housing stock

ACS 2023 units-in-structure · ZCTA 46151

  • 1-unit detached11,36785.0%
  • 1-unit attached4123.1%
  • 2–4 units6945.2%
  • 5–49 units3432.6%
  • 50+ units1351.0%
  • Mobile4153.1%
TypeUnitsShare
1-unit detached11,36785.0%
1-unit attached4123.1%
2 units (duplex)3712.8%
3–4 units3232.4%
5–9 units970.7%
10–19 units1371.0%
20–49 units1090.8%
50+ units1351.0%
Mobile4153.1%

2–4 unit share 5.2% · 5–49 unit share 2.6% · combined 2–49 7.8%.

Units by bedrooms

Studio
15
1BR
979
2BR
3,063
3BR
6,631
4BR
2,149
5+
529

Rent burden

Rent ≥30% of income41.4%
Rent ≥50% of income19.5%
  • ACS median gross rent $978 (all bedrooms, occupied rentals).
  • Median contract rent $794.
  • Renters paying ≥30% of income 41.4%; ≥50% 19.5%.
  • FY2027 2BR SAFMR $1,300 (1.329× ACS median gross rent).

Population

32,339 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +1.7%.

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

Assisted inventory

  • LIHTC: 1 projects, 38 units.
  • HUD project-based assisted MF: 4 properties, 260 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 231 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 46151 20.0% of occupied households are renters; vacancy is 7.3%; ACS median gross rent is $978; population increased +1.7% between the 2018 and 2023 ACS vintages; the housing stock includes 694 units in 2–4-unit structures and 343 units in 5–49-unit structures; 1 LIHTC projects totaling 38 units; FY2027 2BR SAFMR is $1,300 versus ACS median gross rent of $978. 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 46151 is a Census / HUD profile for Indianapolis-Carmel, IN. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 46151 — Martinsville, 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 46151?

ZIP 46151 (Indianapolis-Carmel, IN HUD Metro FMR Area) has 32,339 residents, 12,386 households, a renter share of 20.0%, median household income of $77,724, and ACS 2023 median gross rent of $978. Vacancy is 7.3%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 46151?

ACS counts 371 units in 2-unit buildings, 323 in 3–4 unit buildings, 97 in 5–9, 137 in 10–19, and 109 in 20–49. Combined 2–49 unit stock is 1,037 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 46151?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,300. See the full schedule and 90–110% payment-standard band on the ZIP 46151 — Martinsville, IN HUD Section 8 Payment Standards / SAFMR.

Does this Indiana ZIP profile include Georgia listings?

No. ZIP 46151 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.