Section 8 Fair Market Rent (FMR) for ZIP 40129 - 2027

FY 2027 Fair Market Rent Rates

$1260 is the Fair Market Rent (FMR) for ZIP 40129 (Hillview, KY) in fiscal year 2024, indicating the amount that Section 8 vouchers can cover for housing. However, the market rent in the area is currently unknown, which suggests a potential gap between the government's subsidy and the actual rental costs.

N/A median home value means there isn't sufficient data to determine the typical selling price of homes in the ZIP code, making it challenging to assess the investment potential purely based on property values. The lack of specific median income data also implies that the economic profile of the residents is unclear, affecting the predictability of tenant financial stability.

N/A-day DOM (Days On Market) indicates that there is insufficient information about how long properties typically stay on the market before being sold. This absence of data makes it difficult to gauge the local real estate market's liquidity and demand.

N/A% price-cut share shows that there is no available data on the percentage of homes that have been discounted to sell. This could mean that the market is stable, but without concrete figures, it's hard to draw definitive conclusions.

Given the limited data available, landlords and small-portfolio investors should approach the Hillview, KY market with caution. The FMR of $1260 provides a baseline for rental pricing, but without market rent figures, it's impossible to know if this amount is realistic. The verdict on Section 8 eligibility in ZIP 40129 remains inconclusive due to the lack of comprehensive data.

Data Sources: FMR data from HUD (2027).

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.