Section 8 Fair Market Rent (FMR) for ZIP 41257 - 2027

Location: Johnson County, KY | Metro: Johnson County, KY

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$700
1 Bedroom	$850
2 Bedrooms	$980
3 Bedrooms	$1,280
4 Bedrooms	$1,410
5 Bedrooms	$1,636
6 Bedrooms	$1,832
7 Bedrooms	$1,979
8 Bedrooms	$2,078

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

715

Median Household Income

$35,469

Housing Units

259

Renter Percentage

52.9%

Occupancy Rate

91.9%

Renter Occupied

126

The ZIP code 41257, located in the heart of Kentucky's Bluegrass region, is characterized by its blend of rural charm and urban convenience, making it an attractive location for both residents and investors. The area benefits from a strong local economy, supported by agriculture and tourism, yet remains affordable compared to larger metropolitan areas.

The Fair Market Rent (FMR) for ZIP 41257 is set at $920 for the fiscal year 2026, indicating a stable rental market that aligns well with the economic conditions of the region.
The market rent, based on recent Census American Community Survey (ACS) data, stands at $847, suggesting that rental properties are currently priced slightly below the FMR, which could present opportunities for price adjustments without losing tenants.
The median home value in the area is $142,758, making it a relatively inexpensive market for property acquisition and development.
Renters make up 52.9% of the housing market in ZIP 41257, highlighting a significant demand for rental properties and underscoring the potential for rental investments.
The median income in the area is $35,469, providing insight into the affordability of housing and the potential tenant pool's financial stability.
Despite the lack of specific data on days on market (DOM), the combination of a moderate rental price point and a high renter share suggests that properties in this ZIP code should sell or lease quickly once they meet market standards.

For landlords and small-portfolio investors, ZIP 41257 offers a balanced investment opportunity. With rental prices slightly below the FMR, there is room for strategic pricing increases. The high renter share and moderate median home values indicate a robust demand for rental properties and a manageable entry cost. The median income level supports the sustainability of the rental market, ensuring steady cash flows. Overall, the area presents a solid foundation for rental investments, with potential for growth and stability.

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.