Location: Elizabethtown, 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 | $810 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,020 | $140,961 | 0.72% | D |
| 3BR | $1,410 | $216,223 | 0.65% | D |
| 4BR | $1,700 | $259,191 | 0.66% | D |
| 5BR | $1,972 | $294,382 | 0.67% | D |
U.S. Census Bureau data (2024)
Investors considering the ZIP code 40160 in Radcliff, KY, often raise several concerns regarding the feasibility of investing in the area. One common objection is whether the Fair Market Rent (FMR) of $940 for the fiscal year 2024 will be sufficient to cover the mortgage on a home priced at $211,020. To address this, we must consider the typical interest rates and loan terms. Assuming a 30-year fixed-rate mortgage at an average rate of 4%, the monthly payment on a $211,020 home would be approximately $1,017. This means that the FMR does not fully cover the mortgage, leaving a shortfall of $77 per month.
Another concern is the level of renter demand in the area, which stands at 46.1%. This percentage suggests that nearly half of the housing units are rented, indicating a reasonable demand. However, it's important to note that the demand alone doesn't guarantee profitability. The key is to understand if the demand translates into occupancy rates that can sustain rental income. While the data does not provide specific occupancy rates, a demand figure above 40% generally indicates a healthy rental market.
A final objection is whether the Housing Choice Voucher program will keep pace with the market rents of $919. According to the data, the FMR for ZIP 40160 is slightly higher at $940, suggesting that voucher holders might have enough subsidy to cover the market rent. However, the actual distribution and availability of vouchers can vary widely, and historical data does not always predict future trends accurately. It's prudent for investors to research local voucher administration and any recent changes in funding or policy that could affect the supply of vouchers.
In summary, while the FMR does not fully cover the mortgage on a $211,020 home, the rental market in Radcliff, KY, shows potential with a significant portion of housing units being rented. The voucher program appears to offer support for market rents, but local dynamics should be carefully considered. These points should help clarify the investment landscape in ZIP 40160.
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.