Location: Boyle County, KY | Metro: Boyle County, KY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,190 |
| 4 Bedrooms | $1,220 |
| 5 Bedrooms | $1,415 |
| 6 Bedrooms | $1,585 |
| 7 Bedrooms | $1,712 |
| 8 Bedrooms | $1,798 |
The Fair Market Rent (FMR) for ZIP code 40452 in Unknown, KY, for metro fiscal year 2026 is set at $910. This figure represents the maximum amount that the U.S. Department of Housing and Urban Development (HUD) will pay toward a tenant's rent through the Section 8 program. It is important to note that this does not represent the actual rent you can charge your tenants; it merely indicates the ceiling for HUD payments.
To put this into perspective, the local median rent for ZIP 40452 is listed as N/A. However, the N/A% of residents who rely on rental assistance indicates a strong demand for affordable housing options in the area. This means that there is a significant portion of the population that would be eligible for Section 8 benefits, making it a viable option for landlords looking to fill vacancies.
When acquiring a property in ZIP 40452 for Section 8 rentals, the typical cost is N/A. This acquisition cost should be considered alongside the FMR when calculating potential returns. Remember, while the FMR sets the limit for HUD contributions, landlords have some flexibility in setting the overall rent, which must be reasonable and comparable to similar non-subsidized units in the area.
Before finalizing your decision to enter the Section 8 market in ZIP 40452, verify that your property meets the minimum housing quality standards known as the Housing Quality Standards (HQS). These standards ensure that the unit is safe, decent, and sanitary, and failing to meet them can result in disqualification from the program. Once HQS compliance is confirmed, you can proceed with confidence, knowing your investment aligns with HUD requirements and local market conditions.
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.