Location: Breckinridge County, KY | Metro: Breckinridge County, KY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $720 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,260 |
| 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 40170 stands out in its county with a population of just 396 residents, making it one of the smallest areas in terms of housing units. Among these residents, 24.7% are renters, which indicates a smaller but still significant portion of the population that could potentially benefit from rental assistance programs. The median home value in this area is notably high at $116,740, suggesting that homeownership is relatively expensive compared to other ZIP codes.
When it comes to voucher economics, the Fair Market Rent (FMR) for ZIP 40170 is set at $870 for the fiscal year 2026. This figure represents the benchmark for determining the amount of rent assistance that can be provided to tenants under the Section 8 program. However, due to the lack of available data on the current market rent, it's challenging to assess how well the FMR aligns with actual rental costs in the area. This gap in information could lead to either overpayment or underpayment of subsidies, depending on the true market conditions.
Given the limited number of residents and the high median home value, the ZIP code 40170 appears to be stable rather than transitional. The high home values suggest a mature market where property values have already been established, and the small size of the ZIP code implies that significant changes in population dynamics are unlikely to occur rapidly. Landlords and small-portfolio investors should consider these factors when evaluating the potential impact of Section 8 vouchers on their properties in this ZIP code.
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.