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)
The ZIP code 40927 stands out in its county with a distinct data signature. With a population of just 584 residents, it has a rental rate of 31.2%, indicating a modest but present demand for housing units. The median income here is $52,381, which is relatively low compared to the median home value of $63,114. This suggests that homeownership is slightly less affordable, making rental properties an attractive option for many.
Turning to the voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $870. However, the current market rent, based on Census American Community Survey (ACS) data, is lower at $650. This discrepancy means that landlords accepting Section 8 vouchers could see a higher rental income than the typical market rate, though they must consider the potential administrative complexities associated with the program.
The data signature for ZIP 40927 reads as stable rather than transitional. The low population density combined with a consistent rental market and median income levels indicates a community that is unlikely to experience rapid changes. Landlords and small-portfolio investors should weigh the benefits of potentially higher rental incomes against the stability of the local economy when deciding whether to participate in the Section 8 program.
To summarize:
The economic indicators suggest that while there is a slight advantage in terms of rental income for those who accept Section 8 vouchers, the overall environment is stable and conducive to long-term investment strategies.
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.