Location: Owen County, KY | Metro: Grant County, KY HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,570 |
| 4 Bedrooms | $1,750 |
| 5 Bedrooms | $2,030 |
| 6 Bedrooms | $2,274 |
| 7 Bedrooms | $2,456 |
| 8 Bedrooms | $2,579 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,150 | $178,559 | 0.64% | D |
| 3BR | $1,570 | $270,339 | 0.58% | F |
U.S. Census Bureau data (2024)
The ZIP code 41010, located in Corinth, KY, presents a dynamic real estate market characterized by a specific balance between rental and ownership trends. The Fair Market Rent (FMR) for the area stands at $930 for fiscal year 2024, indicating the government's assessment of rental affordability. In contrast, the actual market rent, as per the latest Census American Community Survey (ACS), is recorded at $883. This suggests that the market rent is slightly below the FMR, which could imply either a competitive rental market or a landlord strategy to attract tenants.
The median home value in ZIP 41010 is $157,052, reflecting the typical cost of homeownership in the area. While the data on the percentage of price-cut share and days on market (DOM) are currently unavailable, the existing figures provide insight into the current market conditions. The fact that the market rent is lower than the FMR might indicate a slight surplus of rental properties, but it also points to a potential opportunity for landlords to adjust their pricing strategies to remain competitive without compromising profitability.
A key factor in understanding the market dynamics is the 15.1% renter share, which is relatively low compared to many other areas. This figure implies that a significant majority of residents in Corinth, KY prefer homeownership over renting. Such a preference can contribute to long-term housing stability and potentially less pressure on rental prices. However, it also means that any shift in economic conditions or preferences could lead to increased rental demand, putting upward pressure on rents and vacancy rates.
In summary, ZIP 41010 offers a market where homeownership is prevalent, and rental prices are slightly below the government's benchmark. Landlords and small-portfolio investors should be attentive to local economic changes and the potential for shifts in housing preferences. The current data suggest a stable market with a balanced trajectory, but the underlying dynamics indicate a region where rental demand could increase if homeownership becomes less accessible or desirable.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.