Location: Marion County, KY | Metro: Elizabethtown, KY HUD Metro FMR Area
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 | $760 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,330 | $275,595 | 0.48% | F |
U.S. Census Bureau data (2024)
The Section 8 market analysis for ZIP code 40060 in the Marion County, KY metro area reveals several key insights for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for the metro scope in fiscal year 2026 is set at $970. In comparison, the market rent based on Census ACS data stands at $685. This indicates that voucher tenants will cashflow at FMR, providing a significant buffer for landlords.
To further understand the investment potential, consider the median home value of $260,878. Using the market rent figure of $685, we can calculate a rent-to-price ratio of approximately 2.6%. This ratio suggests that rental income represents a modest portion of the property's value, which could be attractive for investors looking to balance rental income with potential appreciation.
Note that the median days on market (DOM) and percentage of price cuts are not available for this analysis. However, given the disparity between the HUD FMR and the actual market rent, it is likely that the demand for rental properties in this area is strong, which could mitigate the need for frequent price adjustments or extended listing periods.
In conclusion, the strongest investor angle in ZIP 40060 is cashflow, due to the substantial difference between the HUD FMR and the current market rent levels. This provides a clear opportunity for landlords to secure steady, positive cashflow from Section 8 voucher tenants without needing to rely on premium units.
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.