Location: Lewis County, KY | Metro: Huntington-Ashland, WV-KY-OH 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 | $860 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,280 | $157,288 | 0.81% | C |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 41174 in fiscal year 2024 is set at $860. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 Housing Choice Voucher program. It's important to note that this is not the actual rent you will receive; rather, it's the ceiling on what tenants with vouchers can pay.
The FMR does not directly correlate to the median rent in the area, as local data is marked as N/A. However, the 10.7% share of renters in the market indicates a strong demand for affordable housing options. This means that there is a significant portion of the population relying on rental properties, making Section 8 a viable option for filling vacancies.
When acquiring a property in ZIP 41174, the median home value is $121,074. This can serve as a benchmark for potential investment costs. Given the strong demand for rental units, a property at or below this price point could be a good starting point for your first Section 8 rental.
To ensure the property meets the necessary requirements, verify that the unit passes the Housing Quality Standards (HQS) inspection. This is crucial because failing to meet these standards can result in the termination of the lease agreement with the Section 8 program.
In summary, the FMR of $860 sets the upper limit for rent under the Section 8 program, while the 10.7% renter share suggests a robust market for rental properties. With a median home value of $121,074, investing in a property in this range could be a sound decision. Before proceeding, make sure the property complies with HQS to avoid any issues with the program.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.