Location: Powell County, KY | Metro: Montgomery County, KY
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 | $690 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,310 |
| 5 Bedrooms | $1,520 |
| 6 Bedrooms | $1,702 |
| 7 Bedrooms | $1,838 |
| 8 Bedrooms | $1,930 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $970 | $151,191 | 0.64% | D |
| 3BR | $1,270 | $235,213 | 0.54% | F |
| 4BR | $1,310 | $319,426 | 0.41% | F |
U.S. Census Bureau data (2024)
The ZIP code 40337, encompassing Jeffersonville, KY, presents a dynamic housing market influenced by various factors. The Fair Market Rent (FMR) for the area stands at $880, reflecting the rental standards set by HUD for the fiscal year 2026. Meanwhile, the actual market rent, as reported by the Census Bureau's American Community Survey (ACS), is lower at $775. This discrepancy suggests that the local rental market is slightly below federal benchmarks, indicating a potential for growth if market conditions change.
The 0.1% price-cut share is an indicator of minimal concession on rents, implying that landlords are maintaining their pricing without significant pressure to reduce costs. However, the lack of data on days on market (DOM) makes it challenging to assess the speed at which properties are being rented or sold. A low DOM would typically signal strong demand, whereas a higher DOM might indicate a surplus of available units.
The median home value in ZIP 40337 is $210,054, which places it in a moderate range compared to other areas. This figure can be useful for investors looking to gauge the overall property values and the potential resale market. With a 24.8% renter share, there is a notable segment of the population preferring to rent rather than own homes. This statistic points towards ongoing housing pressure, as a significant portion of residents are renters, possibly due to financial constraints or preference for flexibility.
The high renter share suggests a steady demand for rental properties, making ZIP 40337 attractive for landlords and investors focused on the rental market. While the data does not provide a direct measure of supply versus demand, the relatively low price-cut share and stable market rent suggest that demand is currently meeting supply, but with room for slight increases in rental rates should economic conditions favor homeownership over renting.
In summary, ZIP 40337 offers a balanced yet evolving market, driven by a moderate median home value and a substantial renter share. Landlords and investors should monitor these indicators closely to adapt to any shifts in the market dynamics.
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.