Location: Trimble County, KY | Metro: Carroll County, KY
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,290 | $231,102 | 0.56% | F |
U.S. Census Bureau data (2024)
The ZIP code 40045 in Trimble County, KY, presents a unique profile when compared against typical metrics for the county's metro areas. With a Fair Market Rent (FMR) set at $940 for fiscal year 2026, it slightly exceeds the average market rent of $854, indicating that it is positioned above the local average rental price. This suggests that 40045 leans towards being a mid-tier neighborhood rather than a value pocket or a premium sub-market.
The median home value in 40045 is $218,741, which is relatively standard for the area and doesn't indicate a significant deviation from the typical home values found in other ZIP codes within Trimble County. However, the renter share in 40045 stands at 20.8%, which is notably higher than the national average and potentially indicative of a strong demand for rental properties in this area.
A high renter share combined with below-metro home values can indeed signal a sweet spot for Section 8 investors. While 40045's home values are not below the metro average, the elevated renter share could still be beneficial for landlords and small-portfolio investors looking to capitalize on the housing assistance program. This scenario points to an area where there is a substantial number of potential tenants eligible for Section 8 subsidies, making it a favorable location for those who wish to cater to this demographic.
In summary, ZIP code 40045 in Trimble County, KY, represents a mid-tier neighborhood within its metro, with rental prices slightly above average and a higher-than-typical renter share. The combination of these factors makes it a promising area for Section 8 investment opportunities, though it does not necessarily qualify as a premium sub-market based on the provided data.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.