Location: Johnson County, KY | Metro: Johnson County, KY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $660 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,320 |
| 5 Bedrooms | $1,531 |
| 6 Bedrooms | $1,715 |
| 7 Bedrooms | $1,852 |
| 8 Bedrooms | $1,945 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 41263, set at $870 per month for the metro area fiscal year 2026, represents the payment standard for Section 8 housing vouchers. This is the amount that the Housing Authority will pay towards your tenant's rent, but it does not mean you should set your rent at this figure. The FMR is used to determine the maximum rent that can be charged to tenants participating in the Section 8 program.
Local median rents in ZIP 41263 are currently listed as N/A, which means there isn't enough data to provide an accurate comparison. However, the national average for the renter share of income stands at 5.3%. In ZIP 41263, if we apply this percentage to the median household income of $155,797, it suggests that the typical renter could afford a monthly rent of around $8,218.54, which is significantly higher than the FMR of $870. This indicates a strong potential demand for affordable housing options in this area.
To acquire a property in ZIP 41263, you would need to consider the median home value of $155,797. This price point makes it feasible for new landlords to enter the market without requiring a substantial upfront investment. However, the key factor in determining whether a Section 8 rental is right for you is understanding the local rental market dynamics and the availability of Section 8 vouchers.
Before making your decision, verify the number of active Section 8 vouchers in the ZIP code area. This will give you a clearer picture of the supply and demand for subsidized housing in 41263. If the demand for vouchers exceeds supply, it could be a good indicator that your Section 8 rental property will be occupied quickly.
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.