Location: Martin County, KY | Metro: Martin County, KY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,130 |
| 4 Bedrooms | $1,270 |
| 5 Bedrooms | $1,473 |
| 6 Bedrooms | $1,650 |
| 7 Bedrooms | $1,782 |
| 8 Bedrooms | $1,871 |
U.S. Census Bureau data (2024)
The ZIP code 41267 presents a unique opportunity for real-estate investors, particularly those interested in Section 8 properties. To classify this market, we must consider both the yield potential and stability factors.
Starting with yield, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $870, while the market rent for ZIP 41267 is significantly lower at $393. This disparity suggests that there is a strong demand for affordable housing, which can be met through Section 8 properties. The median home value in this ZIP code is $93,199, indicating a relatively low barrier to entry for property acquisition. However, the gap between FMR and market rent points towards a high-yield potential, as landlords could potentially receive higher payments through the Section 8 program compared to what they would get from market-rate tenants.
Moving on to stability, 45.2% of residents are renters, which is a substantial portion of the population and supports a robust rental market. Unfortunately, the data does not provide the average days on market (DOM) or median income figures, which are crucial for understanding the overall stability and economic health of the area. Without these metrics, it's challenging to fully assess the stability of the market. However, the high percentage of renters implies a consistent demand for rental properties, which can contribute to stable cash flow over time.
Given the figures, ZIP 41267 leans towards being a high-yield market due to the significant difference between the FMR and the actual market rent. The stability factor is harder to quantify without additional data, but the high percentage of renters suggests a reliable tenant pool. Therefore, this market could be considered a blend of high-yield and steady-cashflow characteristics, ideal for investors looking to capitalize on the demand for affordable housing while maintaining a stable investment portfolio.
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.