Section 8 Fair Market Rent (FMR) for ZIP 40944 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 40944, located in Kentucky, is a small community that offers unique opportunities for real estate investors, particularly those interested in Section 8 housing. This area has a mix of residential properties and is known for its stable environment, which can be beneficial for both landlords and small-portfolio investors.

• The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $870, providing a benchmark for rental pricing in the region.
• Market rent data is currently unavailable, making it difficult to compare actual market rates with the FMR.
• The median home value is also not available, indicating a lack of comprehensive data on property values within the ZIP code.
• The percentage of residents who are renters is not specified, which means we cannot accurately gauge the demand for rental properties based on local demographics.
• The days on market (DOM) data is not available, suggesting that there might be limited information on how quickly properties are being sold or rented in the area.
• The median household income figure is not provided, leaving us without a key metric to assess the financial stability of potential tenants.

In summary, while the Fair Market Rent for ZIP 40944 offers a clear guideline for setting rental prices, the lack of specific data points such as market rent, median home value, and median income creates uncertainty. Investors should focus on leveraging the FMR and conducting thorough due diligence on individual properties to ensure they align with their investment goals. The absence of detailed demographic and market performance data suggests that further research is necessary to fully understand the investment landscape in this area.

Data Sources: FMR data from HUD (2027).

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.