Location: Perry County, KY | Metro: Perry County, KY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,330 |
| 5 Bedrooms | $1,543 |
| 6 Bedrooms | $1,728 |
| 7 Bedrooms | $1,866 |
| 8 Bedrooms | $1,959 |
ZIP code 40981, located in Perry County, Kentucky, is unique due to its extremely low population count. With only 12 residents and 3 households, the area is characterized by an unusually high number of people per household, averaging 4.00 persons. The median age of residents is 62.4 years, which is significantly older than both the state and national averages.
The lack of detailed demographic data, such as median income and home values, suggests that this ZIP code primarily consists of post office boxes rather than residential properties. Despite this, the Fair Market Rent (FMR) for the metro area covering fiscal year 2026 is set at $960, providing a benchmark for rental costs.
In terms of voucher economics, the $960 FMR offers a clear reference point for landlords and small-portfolio investors. However, without specific market rent data for ZIP code 40981, it is challenging to assess how the FMR compares to local rental rates. This discrepancy highlights the need for caution when applying FMR standards to such a unique and sparsely populated area.
The overall data signature for ZIP code 40981 reads as "stable," given the limited number of residents and households. However, the absence of typical demographic indicators implies that the area may not be representative of a traditional residential ZIP code, and thus, its stability is more related to its nature as a PO Box ZIP Code rather than a dynamic residential community.
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.