Location: Huntington-Ashland, WV | 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: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,000 | $87,850 | 1.14% | B |
| 3BR | $1,280 | $150,265 | 0.85% | C |
U.S. Census Bureau data (2024)
ZIP code 41183, located in Worthington, KY within Greenup County, stands out with a population of 1,759 residents, where 31.3% are renters. The median household income in this area is $65,609, while the median home value is notably higher at $126,040. This disparity between income and home values suggests that homeownership is relatively expensive compared to the average income, which could be a significant factor influencing the rental market.
The economic dynamics of the rental market in ZIP 41183 are heavily influenced by Section 8 housing vouchers. For fiscal year 2024, the Fair Market Rent (FMR) for a one-bedroom apartment under the Section 8 program is set at $930. In contrast, the market rent for a similar unit, based on Census ACS data, is approximately $871. This means that landlords accepting Section 8 vouchers can potentially charge a premium over the market rate, making it an attractive option for those looking to maximize their rental income.
The data signature for ZIP 41183 reads as stable. With a moderate rental rate relative to income and a higher median home value, the area likely attracts a mix of long-term residents and some transient population. However, the established median income and home values indicate a level of financial stability among the residents, supporting a consistent demand for both rental and homeownership options.
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.