Location: Johnson County, KY | Metro: Johnson County, KY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,190 |
| 4 Bedrooms | $1,310 |
| 5 Bedrooms | $1,520 |
| 6 Bedrooms | $1,702 |
| 7 Bedrooms | $1,838 |
| 8 Bedrooms | $1,930 |
U.S. Census Bureau data (2024)
The ZIP code 41234 presents a dynamic rental market that is currently underserved by available data. With a Fair Market Rent (FMR) of $870 for fiscal year 2026, it indicates a baseline for what is considered affordable for low-income families in the area. However, the lack of specific market rent figures and days on market (DOM) suggests that there is limited transparency regarding the current rental trends and how quickly properties are being leased.
The median home value of $123,402 reflects a relatively affordable housing market, which can attract both renters and buyers. This affordability could be driving factors in the 14.1% renter share, indicating that a significant portion of residents prefer renting over owning. While this percentage alone does not reveal whether supply outpaces demand or vice versa, it does suggest a sustained interest in rental properties. The long-term housing pressure is likely to remain, given the steady renter population, which could lead to increased competition among landlords for tenants.
The absence of data on price-cut shares and DOM implies that either the market is stable, with few properties needing price adjustments or experiencing prolonged vacancy periods, or that such data is not widely reported. In either case, the snapshot provided points to a market where affordability plays a key role, potentially making it attractive for small-portfolio investors looking to capitalize on rental demand. Landlords should focus on maintaining competitive rents and ensuring property quality to attract and retain tenants in this evolving 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.