Section 8 Fair Market Rent (FMR) for ZIP 40997 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

The ZIP code 40997, located in Kentucky, offers a unique opportunity for real-estate investors interested in the Section 8 housing market. This area is characterized by its modest size and specific rental dynamics that can influence investment decisions.

• The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $870, providing a benchmark for rental pricing.
• The market rent for ZIP 40997 is currently N/A, indicating a lack of recent data on typical rental prices in the area.
• The median home value in this ZIP code is also listed as N/A, suggesting limited available data on property values.
• Renters make up 8.1% of the local population, which is a key figure for understanding the demand for rental properties.
• The Days on Market (DOM) for properties in this area is N/A, meaning there's no readily available information on how quickly homes are sold.
• The median household income is N/A, highlighting the need for further investigation into the economic conditions of the area.

Investors looking to enter the Section 8 housing market in ZIP 40997 should focus on the established Fair Market Rent as a guiding price point. The low percentage of renters suggests a niche market, and the lack of specific data points such as market rent and median home value indicate a potentially less competitive field. However, the absence of key economic indicators necessitates thorough local research to understand the broader financial landscape and potential for long-term investment stability.

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.