Location: Washington County, KY | Metro: Washington County, KY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $660 |
| 1 Bedroom | $710 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,330 |
| 5 Bedrooms | $1,543 |
| 6 Bedrooms | $1,728 |
| 7 Bedrooms | $1,866 |
| 8 Bedrooms | $1,959 |
U.S. Census Bureau data (2024)
The ZIP code 40061, located in Saint Catharine, Kentucky, stands out due to its limited population of 168 residents. The lack of specific data points, such as the percentage of residents renting, median income, and median home value, suggests a very small and potentially isolated community.
When it comes to Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 40061 is set at $900 for the fiscal year 2026. This figure is crucial for landlords and small-portfolio investors as it determines the maximum rental subsidy that a tenant can receive through the program. However, the absence of market rent data indicates that the area may have a limited rental market, making it difficult to gauge the actual rental prices versus the subsidized rates.
The data signature for ZIP 40061 reads as transitional. With such a small population and incomplete economic indicators, it is challenging to establish long-term stability. Landlords and investors should consider these factors when deciding to participate in the Section 8 program within this ZIP code. The low FMR of $900 may offer a stable income source, but the potential risks associated with a small and possibly fluctuating population must also be weighed.
Data Sources: FMR data from HUD (2027). 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.