Location: Grant County, KY | Metro: Cincinnati, OH-KY-IN 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 | $880 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,780 |
| 5 Bedrooms | $2,065 |
| 6 Bedrooms | $2,313 |
| 7 Bedrooms | $2,498 |
| 8 Bedrooms | $2,623 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,200 | $220,500 | 0.54% | F |
| 3BR | $1,460 | $315,057 | 0.46% | F |
| 4BR | $1,780 | $402,195 | 0.44% | F |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 41030, Crittenden, KY, presents a unique set of conditions that will likely shape the market over the next 12-24 months. With a median home value of $308,842, the area stands at a price point that reflects both affordability and potential growth. The fact that the percentage of listings reduced and the median days on market (DOM) are currently unavailable suggests a stable market, neither overheated nor in a downturn, which can be interpreted as a sign of steady demand.
This stability is further reinforced by the rental market dynamics. According to the Federal Housing Finance Agency (FHFA), the Fair Market Rent (FMR) for ZIP 41030 is projected to be $1070 in fiscal year 2024, an increase from the current market rate of $930 based on Census ACS data. This upward trend in rental prices signals a growing demand for housing, which can support higher property values. Landlords and small-portfolio investors should expect rental income to rise, aligning with the FMR projection and potentially leading to increased property valuations due to the positive correlation between rental rates and home values.
For long-term investors, the setup in Crittenden implies a realistic appreciation thesis. As rental prices rise to meet the FMR, the underlying property values are likely to appreciate, driven by both local economic factors and broader trends in the housing market. The combination of a median home value that is relatively low compared to national averages and a rental market poised for growth suggests that Crittenden could see modest but consistent appreciation over the coming years. However, the exact rate of appreciation cannot be determined solely from the available data; it will depend on various local and regional factors including employment rates, population growth, and infrastructure development.
In summary, the median home value, coupled with the projected rise in rental prices, indicates a market in Crittenden, KY, that supports maintaining strong pricing power. Investors should consider the potential for modest appreciation and the likelihood of increasing rental incomes when evaluating their investment strategies in this area.
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.