Section 8 Fair Market Rent (FMR) for ZIP 41311 - 2027

Location: Owsley County, KY | Metro: Breathitt County, KY

Investment Score for ZIP 41311

Monthly Rent (2BR)

$990

Median Price (2BR)

$123,684

1% Rule

0.8%

Annual Yield

9.61%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$710
1 Bedroom	$790
2 Bedrooms	$990
3 Bedrooms	$1,180
4 Bedrooms	$1,380
5 Bedrooms	$1,601
6 Bedrooms	$1,793
7 Bedrooms	$1,936
8 Bedrooms	$2,033

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$990	$123,684	0.8%	C
3BR	$1,180	$154,631	0.76%	D
4BR	$1,380	$189,262	0.73%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

6,331

Median Household Income

$39,158

Housing Units

2,785

Renter Percentage

24.6%

Occupancy Rate

78.6%

Renter Occupied

538

Beattyville, Kentucky, located in the heart of the Bluegrass State, is a small community with unique opportunities for real estate investors, particularly those interested in Section 8 housing. The town offers a mix of rural charm and accessibility to larger urban centers, making it an attractive location for both tenants and landlords.

The Fair Market Rent (FMR) for Beattyville, KY, for the metro fiscal year 2026 is set at $930, providing a benchmark for rental properties that participate in the Section 8 program.
The average market rent in the area, according to Census ACS data, is currently $590. This suggests that there's potential for higher rents if landlords can secure Section 8 contracts.
The median home value in Beattyville is $119,372, which is significantly lower than the national average, indicating affordability and possibly lower investment costs.
Renters make up 24.6% of the population, a figure that points to a moderate demand for rental properties. However, the presence of the Section 8 program could increase this demand.
The median household income in Beattyville is $39,158, which is below the national average. This economic factor should be considered when assessing the financial stability of potential tenants.

In summary, Beattyville presents a niche market with a favorable gap between the Fair Market Rent and the current market rent, making it advantageous for landlords who can secure Section 8 contracts. The relatively low median home value and median income suggest that the area is accessible for affordable housing investments, but also require careful tenant screening to ensure stable occupancy. Given these factors, small-portfolio investors looking to enter the Section 8 housing market might find Beattyville a worthwhile consideration, especially if they can leverage the higher FMR rates.

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.