Location: Leslie County, KY | Metro: Leslie County, KY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,180 |
| 4 Bedrooms | $1,270 |
| 5 Bedrooms | $1,473 |
| 6 Bedrooms | $1,650 |
| 7 Bedrooms | $1,782 |
| 8 Bedrooms | $1,871 |
U.S. Census Bureau data (2024)
ZIP code 40858, located within Leslie County, KY, presents unique characteristics when compared to typical ZIP codes within the same county. The Fair Market Rent (FMR) for 40858 is set at $870 for fiscal year 2026, which serves as a benchmark for rental costs in the area.
Leslie County, KY, generally lacks comprehensive data on market rents and home values, as indicated by the 'N/A' status for both metrics in ZIP 40858. This absence suggests that reliable market data might be scarce or inconsistent across the county's ZIP codes, making it challenging to draw direct comparisons between 40858 and other areas.
The 0.0% renter share in ZIP 40858 is a significant point of divergence from what would typically be expected in most metropolitan areas. A low or zero renter share usually indicates a predominantly owner-occupied housing market, which contrasts sharply with the higher renter shares often seen in urban environments. However, in the context of Leslie County, KY, where overall data is limited, this figure could simply reflect a lack of rental properties or a strong preference for homeownership.
Given the specific data available, ZIP 40858 cannot be definitively classified as a value pocket, a mid-tier neighborhood, or a premium sub-market within its metro area. The FMR of $870 suggests a relatively affordable rental market, but without comparative data on market rents and home values, it's impossible to determine if this affordability translates into a value pocket or if it's indicative of a broader trend in the county.
The lack of a significant renter population in 40858 means it is unlikely to be a Section 8 sweet spot, as a high renter share with below-average home values is typically associated with such opportunities. Instead, landlords and small-portfolio investors should focus on understanding the local housing dynamics and the potential for rental demand growth, given the current data limitations.
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.