Location: Leslie County, KY | Metro: Harlan County, KY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $750 |
| 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 analysis of ZIP code 40808, located in Leslie County, KY, reveals several critical points for potential Section 8 landlords and small-portfolio investors.
The rent math does not work favorably in this area. The Fair Market Rent (FMR) for the metro region in fiscal year 2026 is set at $870. However, there is no available data on market rent, which suggests that the actual rental rates might be significantly lower than the FMR. This discrepancy could mean that landlords may struggle to cover their costs if they rely solely on Section 8 rents without additional subsidies.
Acquisition in this ZIP code is not affordable based on the available data. There is no information provided regarding the median home value, days on market (DOM), or the percentage of homes that have been discounted due to prolonged listing periods. Without these key metrics, it's challenging to assess the affordability of property acquisitions in the area. Landlords and investors would need to seek out local real estate agents or other sources to gather this missing information before making any investment decisions.
Tenant demand in ZIP 40808 is minimal. The total population is only 8 individuals, and the renter share stands at an extremely low 0.0%. This indicates that there is little to no demand for rental properties in this area, which could make it difficult to find tenants willing and able to participate in the Section 8 program.
In summary, ZIP 40808 presents significant challenges for Section 8 landlords and small-portfolio investors. The lack of market rent data makes it impossible to confirm whether the rent math will work in your favor. The absence of crucial acquisition metrics means that purchasing property here may not be financially viable. Furthermore, the extremely low population and renter share suggest that tenant demand is virtually nonexistent. These factors collectively point towards this being an unsuitable location for investment in Section 8 housing.
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.