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 | $720 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,300 | $126,104 | 1.03% | B |
U.S. Census Bureau data (2024)
ZIP code 41255 is primarily a renter-heavy area with significant potential for Section 8 tenants. With a population of 736, 22.2% of residents are renters, indicating a notable demand for rental housing. The median household income stands at $57,697, which is crucial when considering the affordability of market rents and Section 8 vouchers.
The Fair Market Rent (FMR) for the area, set at $910 for fiscal year 2026, aligns closely with the metro average. This figure represents the maximum amount that a landlord can charge for a Section 8 voucher. Given the median income, the FMR constitutes approximately 18.5% of the average monthly income. This suggests that Section 8 vouchers are well-suited to the income levels of residents in ZIP 41255.
To put this into perspective, if we assume a typical market rent is on par with the FMR, then the rent consumes about 18.5% of the median monthly income. This percentage is reasonable and indicates that Section 8 vouchers can effectively support tenants in finding affordable housing.
A landlord in ZIP 41255 should expect a tenant pool that relies heavily on government assistance for housing. Tenants will likely have limited disposable income beyond rent and utilities, necessitating strict adherence to voucher guidelines and timely rent payments. The presence of a substantial number of renters, coupled with the alignment of FMR to median income, makes this ZIP code an attractive option for landlords willing to participate in the Section 8 program.
While the exact market rent figures are not provided, the close match between the median income and the FMR implies that there is a strong demand for affordable housing options, particularly those supported by Section 8 vouchers. Landlords can anticipate a steady stream of qualified applicants who are keen to secure stable, affordable living spaces.
In summary, ZIP 41255 presents a favorable environment for landlords interested in Section 8 tenants. The combination of a significant renter population and an income level that supports the use of vouchers ensures a reliable tenant pool with a demonstrated need for affordable housing solutions.
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.