Location: Jackson County, KY | Metro: Jackson County, KY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,190 |
| 4 Bedrooms | $1,200 |
| 5 Bedrooms | $1,392 |
| 6 Bedrooms | $1,559 |
| 7 Bedrooms | $1,684 |
| 8 Bedrooms | $1,768 |
U.S. Census Bureau data (2024)
The ZIP code 40481 presents a market in motion, characterized by distinct dynamics that influence both landlords and small-portfolio investors. With a Fair Market Rent (FMR) of $870 for the fiscal year 2026, this figure serves as a benchmark for rental pricing in the area, reflecting the current economic conditions and the cost of living.
The lack of available data on market rent, price-cut share, days on market (DOM), and median home value suggests a less transparent real estate landscape. This absence can indicate either a stable market with little fluctuation or a niche market that isn't widely tracked. Regardless, the 24.7% renter share provides insight into the long-term housing pressures faced by this community. A higher percentage of renters often points to affordability challenges, suggesting that many residents find it more practical to rent rather than buy a home. This dynamic can create a steady demand for rental properties, which is beneficial for landlords and investors looking for consistent income streams.
In ZIP 40481, the trajectory of the market is inferred through the lens of the FMR and the renter share. The FMR, set at $870, indicates a regulated environment where the government plays a role in setting rental standards, likely to ensure affordability for low-income families. Given the high renter share, it's reasonable to deduce that demand for rental properties is robust, potentially outpacing supply. Landlords and investors should focus on maintaining competitive rents close to the FMR to attract tenants while ensuring profitability.
The real estate market in ZIP 40481 is thus driven by a significant proportion of renters, creating an environment where rental properties are essential. This market condition supports the idea of a steady demand for rental units, influenced by the economic realities of the area and the need for affordable housing options.
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.