Location: Harlan County, KY | Metro: Harlan County, KY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,190 |
| 4 Bedrooms | $1,190 |
| 5 Bedrooms | $1,380 |
| 6 Bedrooms | $1,546 |
| 7 Bedrooms | $1,670 |
| 8 Bedrooms | $1,754 |
U.S. Census Bureau data (2024)
ZIP code 40830, located within Harlan County, KY, presents a unique scenario when compared to typical ZIP codes in the same county. The Fair Market Rent (FMR) for the area stands at $870 for fiscal year 2026, which is a key figure for landlords and investors interested in Section 8 properties. However, the lack of specific data on market rent and home values makes direct comparisons challenging.
The 0.0% renter share in ZIP 40830 indicates that virtually all residents own their homes, a stark contrast to areas where rental properties dominate. This characteristic alone suggests that 40830 is not a typical rental market within Harlan County, nor does it appear to be a value pocket or a premium sub-market based solely on the provided information. A value pocket would typically have lower FMRs and higher renter shares, while a premium sub-market would likely show higher FMRs and possibly higher home values.
The absence of market rent and home value data prevents a comprehensive analysis of how 40830 fits into the broader context of Harlan County's real estate market. Typically, a high renter share combined with below-average home values can signal a sweet spot for Section 8 investments. However, given the zero percent renter share, such an inference cannot be made here.
In summary, ZIP 40830 appears to be primarily a homeownership-focused community within Harlan County, with a set FMR of $870 for Section 8 units. Its characteristics diverge from what might be expected in a typical rental market, making it less attractive for investors seeking areas with higher renter populations or those looking for premium sub-markets.
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.