Location: Johnson County, KY | Metro: Johnson 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 | $760 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,380 | $140,093 | 0.99% | C |
U.S. Census Bureau data (2024)
The real estate market in ZIP code 41219 presents a nuanced picture for both landlords and small-portfolio investors. With a median home value of $132,804, the area offers affordability that could be leveraged for investment opportunities. However, the absence of data on the percentage of listings reduced and the median days on market (DOM) suggests stability rather than significant movement in the market. This indicates that pricing power is likely to remain consistent over the next 12-24 months, without substantial increases or decreases.
On the rental side, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is projected at $870, while the current market rent stands at $853 according to Census ACS data. This slight upward trend in FMR implies a potential for modest rent growth in the coming years. Landlords can expect to see a gradual increase in rental income, aligning with the broader economic indicators and housing demand trends.
For long-term investors, the appreciation thesis in ZIP 41219 is tied to broader economic factors and the local job market. The consistent median home value and stable rental market suggest that capital appreciation will be moderate at best. Realistic expectations should focus on maintaining property values through regular upkeep and strategic management practices, rather than anticipating rapid growth. The setup implies a market where steady, reliable returns are more probable than speculative gains.
In summary, the combination of a median home value of $132,804, stable listing reductions and DOM, and a modest upward trend in FMR signals a market that is likely to remain stable. Investors should position themselves for moderate appreciation and steady rental income growth, emphasizing the importance of operational efficiency and strategic asset management.
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.