Seymour, IN

Seymour, IN should be read as a decision screen rather than a market verdict. The supplied metropolitan or micropolitan statistical area has population 46,660, and its evidence arrives on different clocks: Zillow home values and asking rents are dated 2026-06-30; BLS LAUS labor change runs through 2026-05; Census Building Permits is 2026 year-to-date through M06; and Redfin is dated 2026-05-01. Crucially, Zillow does not publish enough rent history to calculate a trailing-12-month rent change. That change is unavailable, so this report assigns no score and no rank. The relevant question is whether current rent, valuation, sale-market, labor, migration, mortgage-occupancy, and risk readings remain consistent after the missing rent trend and omitted cost information are examined.

At Zillow’s stated date, the home-value index is $233,129 and the asking-rent index is $1,175. Zillow also supplies a gross yield of 0.0605 and a year-over-year home-value change of 0.0313. Taken together, those figures describe a current value-to-gross-rent relationship, not operating performance or a realized return. The gross-yield figure contains no supplied evidence on insurance, taxes, repairs, vacancy, financing, or other expenses. More importantly, the positive home-value change cannot establish a rent direction when Zillow’s trailing-12-month rent change is unavailable. A current asking-rent level can be compared with other current measures, but it cannot show whether rents have strengthened, softened, or remained flat over the unavailable interval.

Census ACS reports median household income of $70,262, with supplied rent-to-income and price-to-income ratios of 0.2007 and 3.32. These are useful cross-sectional reference points, but they do not identify the income, lease terms, bedroom need, or housing cost burden of any given household. HUD’s FY2026 two-bedroom Fair Market Rent is $1,059, while Zillow’s asking-rent index is $1,175, producing the supplied rent-to-FMR ratio of 1.11. The measures should not be treated as interchangeable: HUD provides an explicitly two-bedroom program benchmark, Zillow provides an asking-rent index, and Census ACS provides a household-income measure. Their difference identifies a boundary worth examining, not proof that typical leases are affordable or unaffordable.

Labor, construction, and listings create a mixed supply-and-market-time picture. BLS LAUS reports job change of -0.0146 over the 12 months through 2026-05. Census Building Permits Survey reports 132 permitted units, or 2.83 per 1,000 residents, during 2026 year-to-date through M06; the supplied count and share for structures with five or more units are both 0. Permits are authorizations, however, not evidence of completion, occupancy, tenure, or rental availability. Redfin’s for-sale snapshot shows 1.9 months of supply compared with 3.3 previously, and median days on market of 29 compared with 31. Yet its sale-to-list ratio is 0.9761 and price drops are 0.43 versus 0.3871 previously. Lower listed supply and shorter marketing time therefore coexist with more price reductions. Redfin addresses for-sale conditions, not rental vacancy, while permits do not establish usable housing supply at the stated date.

IRS and HMDA add separate, limited views of demand and investor participation. IRS county-to-county tax-return migration aggregated to the market reports 931 moved in and 1,010 moved out, for net migration of -79. The supplied inbound AGI measure is $47,465, compared with $49,287 outbound, yielding an AGI gap of -$1,822. These aggregates do not identify move motives, housing tenure, or current renter demand. HMDA’s 2024 purchase-mortgage occupancy evidence records 460 purchases, including 21 investor purchases, for an investor share of 0.0457. That share describes investor classification within the reported mortgage evidence, not the entire ownership stock, all transactions, or the rental inventory. The IRS and HMDA records also operate on different periods and concepts, so neither can establish that migration or investor activity produced Zillow or Redfin outcomes.

FEMA’s National Risk Index supplies an exposure screen rather than a property cost estimate. FEMA identifies inland flood as the top hazard and water as the hazard type; the supplied National Risk Index score is 52.9 and the climate loss ratio is 0.00125. Those readings place hazard evidence alongside the market data, but the packet contains no insurance premium, deductible, mitigation, maintenance, tax, vacancy, or other operating-cost record. Zillow’s $233,129 value, $1,175 asking rent, and 0.0605 gross yield are price and revenue reference points rather than expense evidence. Accordingly, FEMA’s information cannot be converted here into a cash-flow adjustment, a policy cost, or a claim outcome. It instead identifies a cost question that remains unresolved beside the gross-yield calculation.

The practical diligence synthesis is to preserve the distinctions the packet makes rather than force them into a single directional call. Decision-critical questions include whether a consistent Zillow rent history can be obtained, whether asking-rent evidence aligns with signed lease evidence, and whether Census Building Permits authorizations have become occupied units of a known tenure. BLS labor change and IRS migration should be checked for timing and scope before being read together, while HMDA’s investor classification should be separated from total ownership and transaction activity. FEMA’s inland-flood screen requires cost-level evidence before the Zillow gross yield can be interpreted beyond its gross form. For a renter, landlord, or small investor, these are separate investigations into rent trajectory, availability, household demand, investor participation, and expense exposure. The packet supports no score, rank, forecast, or comprehensive market conclusion until those missing links are resolved.