Location: Meade County, KY | Metro: Meade County, KY HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
U.S. Census Bureau data (2024)
ZIP code 40155, located in Brandenburg, Kentucky, is distinguished by its unique demographic profile and real estate characteristics. With a total population of 1,127 residents, 49.3% of whom rent their homes, the area has a median income of $60,508. Despite the lack of a reported median home value, data from United States Zip Codes reveals that the median home value is $77,300, which is notably lower than the national average.
The rental market in ZIP 40155 is heavily influenced by Section 8 housing vouchers. The Fair Market Rent (FMR) for the zip code in fiscal year 2024 is set at $850, slightly below the Census-reported market rent of $879. This difference indicates a potential challenge for landlords seeking to maximize rental income but also suggests a stable demand for affordable housing options.
In terms of voucher economics, landlords should be aware that the FMR is designed to cover a significant portion of the rental cost, ensuring that tenants can afford their housing. However, the slight disparity between the FMR and the market rent may necessitate adjustments in property management strategies to remain competitive and profitable.
The data signature for ZIP 40155 reads as stable. The long-standing median home value and the consistent percentage of renters suggest a settled community with little indication of rapid change. Landlords and small-portfolio investors should expect steady occupancy rates and consider the local economy's influence on tenant stability and rental demand.
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.