Location: Johnson County, KY | Metro: Lawrence County, KY HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,190 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
U.S. Census Bureau data (2024)
The ZIP code 41232 presents a unique scenario when classified on the axes of yield and stability. With a Fair Market Rent (FMR) of $920 for the fiscal year 2026, the rental market in this area is defined by its reliance on government subsidies, as indicated by the lack of market rent data. This suggests that the primary tenant base will be those eligible for Section 8 housing assistance. The absence of specific market and home value data complicates a direct comparison, but it does not diminish the importance of the FMR figure.
On the stability axis, the ZIP code reveals a mixed profile. The percentage of renters stands at 35.9%, which is relatively low compared to areas where over 50% of residents are renters. However, the average daily days on market (DOM) data is unavailable, making it difficult to assess the speed at which properties are typically leased. Despite this gap, the median household income of $11,049 provides a crucial insight into the economic environment. This figure indicates a lower-income area, where tenants heavily rely on subsidized housing programs like Section 8.
Given these factors, ZIP 41232 leans towards a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The reliance on Section 8 means a consistent stream of income, albeit at a fixed rate tied to the FMR. While the yield might not be exceptionally high due to the dependency on government-set rents, the stability comes from the predictability of the subsidy program and the relatively low risk of vacancy given the demand for affordable housing. Landlords should prepare for a market that values long-term tenancy and predictable cash flow over rapid appreciation or high rental yields.
To summarize, the key figures driving this classification are:
These metrics point to an investment climate that prioritizes stability and a reliable cash flow over high yields, making it suitable for investors looking to secure a steady income in a subsidized housing market.
Data Sources: FMR data from HUD (2027). 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.