Location: Robertson County, KY | Metro: Fleming County, KY
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 | $700 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,290 |
| 5 Bedrooms | $1,496 |
| 6 Bedrooms | $1,676 |
| 7 Bedrooms | $1,810 |
| 8 Bedrooms | $1,901 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $980 | $134,737 | 0.73% | D |
| 3BR | $1,220 | $193,061 | 0.63% | D |
| 4BR | $1,290 | $282,651 | 0.46% | F |
U.S. Census Bureau data (2024)
The ZIP code 41039 in Kentucky presents a dynamic rental market characterized by distinct differences between the Fair Market Rent (FMR) and the actual market rent. The FMR for the area is set at $940 for fiscal year 2026, indicating the government's benchmark for affordable rental units. However, the current market rent, according to Census ACS data, stands at $596. This suggests that there is a gap between the subsidized housing support levels and the actual rents charged, potentially reflecting a market where demand is strong enough to sustain lower rents but not high enough to drive them up to the FMR level.
The median home value in ZIP 41039 is $182,803, which is a significant figure for landlords and small-portfolio investors considering property acquisition costs and potential resale values. While the data does not provide specifics on the percentage of price-cut share or days on market (DOM), the relatively low market rent compared to the FMR could imply that the market is somewhat balanced, with neither an overwhelming surplus nor a severe shortage of rental properties.
A key insight comes from the 21.4% renter share. This percentage tells us that a considerable portion of the population in this area relies on renting rather than owning homes. Such a statistic indicates ongoing long-term housing pressure, as a higher renter share can be a sign of economic conditions that make homeownership challenging for many residents. It also suggests that rental properties will continue to be in demand, offering stability for landlords and investors who operate in this sector.
In summary, ZIP 41039 appears to be a market where rental demand is steady, supported by a significant renter population, but not so intense as to push rents significantly above the FMR. The median home value provides a solid base for investment considerations, while the dynamics between renters and homeowners point to an area where rental housing remains a critical component of the local economy.
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.