Location: Lewis 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 | $680 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,190 |
| 4 Bedrooms | $1,320 |
| 5 Bedrooms | $1,531 |
| 6 Bedrooms | $1,715 |
| 7 Bedrooms | $1,852 |
| 8 Bedrooms | $1,945 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $950 | $138,521 | 0.69% | D |
| 3BR | $1,190 | $183,535 | 0.65% | D |
U.S. Census Bureau data (2024)
The ZIP code 41093, located in Flemingsburg, KY, within the Lewis County, KY metro area, has a Fair Market Rent (FMR) of $990 for fiscal year 2026. This figure represents the maximum amount that a low-income family participating in the Section 8 housing choice voucher program can pay for their rent. However, the market rent for this ZIP code is currently not available, which means that we cannot directly compare it to the FMR. Despite this, the median home value of $164,881 provides insight into the overall housing costs.
The renter share in ZIP 41093 is 8.5%, indicating that a smaller portion of the population rents rather than owns homes. This percentage is lower than what might be considered typical for many urban areas but could be reflective of the rural nature of Lewis County, where homeownership is generally higher. The absence of market rent data makes it challenging to assess if 41093 is a value pocket, mid-tier neighborhood, or a premium sub-market within its metro area solely based on rental dynamics.
Given the FMR of $990 and the median home value of $164,881, we can infer that ZIP 41093 likely offers relatively affordable housing options compared to more urbanized areas. The lower renter share suggests that fewer residents rely on rental properties, potentially making it less competitive for landlords looking to attract tenants through rental pricing alone.
To determine if 41093 is a Section 8 sweet spot, we would need to know the typical market rent in Lewis County. If the actual market rent is significantly above the FMR, then it would indicate that 41093 is indeed an attractive location for landlords participating in the Section 8 program, as they can offer more affordable rent while still maintaining a reasonable profit margin.
Without additional market rent data, we can conclude that ZIP 41093 appears to be a value pocket within its metro area due to its lower FMR and median home value. It is suitable for investors who are willing to cater to a smaller pool of renters and benefit from potentially lower competition and more stable tenant profiles.
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.