Section 8 Fair Market Rent (FMR) for ZIP 41139 - 2027

Location: Huntington-Ashland, WV | Metro: Huntington-Ashland, WV-KY-OH HUD Metro FMR Area

Investment Score for ZIP 41139

Monthly Rent (2BR)

$1,040

Median Price (2BR)

$117,109

1% Rule

0.89%

Annual Yield

10.66%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$890
1 Bedroom	$890
2 Bedrooms	$1,040
3 Bedrooms	$1,330
4 Bedrooms	$1,440
5 Bedrooms	$1,670
6 Bedrooms	$1,870
7 Bedrooms	$2,020
8 Bedrooms	$2,121

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,040	$117,109	0.89%	C
3BR	$1,330	$158,849	0.84%	C
4BR	$1,440	$228,875	0.63%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

8,085

Median Household Income

$59,034

Housing Units

3,484

Renter Percentage

23.3%

Occupancy Rate

93.6%

Renter Occupied

760

The ZIP code 41139, located in Flatwoods, Kentucky, is a modest-sized community with a strong rental market. The area offers opportunities for landlords and small-portfolio investors looking to enter a stable housing environment.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 41139 for fiscal year 2024 is set at $1030. This figure provides a benchmark for rental pricing that ensures affordability for low-income households while offering a reasonable return on investment for landlords.
The average market rent for properties in Flatwoods, according to the latest Census American Community Survey (ACS), stands at $942. This indicates that rents are slightly below the FMR, which could mean room for modest increases without deterring tenants.
The median home value in the area is $142,523. This relatively low cost can be attractive for first-time buyers and investors alike, potentially leading to higher demand for rental properties.
Renters make up 23.3% of the housing market in Flatwoods. This suggests a significant portion of the population prefers renting over owning, making rental properties a viable investment option.
The median household income in the ZIP code is $59,034. While this figure is lower than the national average, it still supports the ability of residents to pay market rents, especially when compared to the local cost of living.

Synthesizing these points, Flatwoods presents a balanced market for rental investments. With rents slightly below the FMR, there's potential for price adjustments that won't compromise affordability. The median home value is low, indicating a favorable entry point for property acquisition. A substantial renter share and median income levels that support rental payments suggest steady demand and financial viability. However, investors should consider the economic context of the area and ensure that their pricing strategies align with the local market dynamics to maximize occupancy rates and returns.

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.