Location: Mason 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 | $750 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,250 | $185,457 | 0.67% | D |
U.S. Census Bureau data (2024)
The analysis of ZIP code 41034 in Mason County, KY, reveals several key points for potential Section 8 landlords and small-portfolio investors.
The first question addresses whether the rent math works. The Fair Market Rent (FMR) for ZIP 41034 in fiscal year 2024 is set at $990. This figure is slightly higher than the market rent reported by the Census American Community Survey (ACS), which stands at $929. Landlords can expect a modest premium when participating in the Section 8 program, ensuring that the rent math does indeed work in their favor.
Moving on to the affordability of acquisitions, the median home value in ZIP 41034 is $183,601. However, due to limited data availability, the average days on market (DOM) and the percentage of homes that require a price cut before selling are not provided. Despite these gaps, the median home value suggests a moderate investment cost, making it potentially attractive for those looking to enter the market without requiring an excessive upfront capital outlay.
The third point concerns tenant demand. The total population of ZIP 41034 is 1,254, with 9.5% of residents being renters. While the renter share is relatively low, the small population size means that even a small percentage can represent a significant number of potential tenants. Given the Section 8 program's focus on providing housing assistance to low-income families, the demand for subsidized rental units is likely to be stable.
Verdict: ZIP 41034 offers a viable opportunity for Section 8 landlords and small-portfolio investors. The rent math is favorable, with FMR exceeding market rent by $61. Acquisition costs are moderate, and although the renter share is not high, the stable demand for subsidized housing ensures a steady stream of tenants. Investors should proceed with confidence, knowing that the financials align well with the goals of the Section 8 program.
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.