Location: Lawrence County, KY | Metro: Lawrence County, KY HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,160 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
ZIP code 41160, located in Lawrence County, KY, falls within the HUD Metro FMR Area for Lawrence County. The Fair Market Rent (FMR) for a 2-bedroom unit in ZIP 41160 is set at $930 per month for fiscal year 2026. This figure represents the maximum amount that a household participating in the Section 8 program would pay for rent.
Unfortunately, the market rent and home value data for ZIP 41160 are not available. However, we can infer the relative position of 41160 within the Lawrence County, KY HUD Metro FMR Area based on the FMR alone. According to recent data, the FMR for Lawrence County, KY HUD Metro FMR Area typically ranges around $700 for a 2-bedroom unit, which is significantly lower than the $930 set for ZIP 41160. This suggests that ZIP 41160 is likely a premium sub-market within the larger metro area, commanding higher rents due to potentially better amenities, location, or demand.
The absence of specific market rent and home value data makes it challenging to provide a comprehensive comparison. However, given the higher FMR in ZIP 41160 compared to the typical rates in Lawrence County, it stands out as a premium area. To accurately assess if 41160 is a value pocket or a mid-tier neighborhood, additional data on market rents and home values would be necessary. Until then, landlords and small-portfolio investors should consider the higher FMR as indicative of a premium market, where the potential for higher rental income exists, albeit within the constraints of the Section 8 program.
Note: The lack of data on renter share, market rent, and home value means there is insufficient information to identify any significant divergences that might indicate a Section 8 sweet spot. Further investigation into local real estate trends and the availability of Section 8 vouchers would be required to make such an assessment.
Data Sources: FMR data from HUD (2027).
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.