Location: Owsley County, KY | Metro: Owsley County, KY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $730 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,100 |
| 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 41351 presents a unique scenario for real-estate analysis, particularly within the context of Section 8 investments. With a Fair Market Rent (FMR) of $870 for the fiscal year 2026, it aligns closely with the metro average but lacks specific market and home value data. This absence of comparative figures makes direct yield assessment challenging, but we can infer some aspects.
On the yield axis, the FMR of $870 suggests a competitive rental environment where properties can be rented at rates that match government subsidies. However, without specific market rent and home value data, it's impossible to determine if there's an above-average profit margin. The lack of these figures means that while the potential for yield is present, it cannot be quantified against local market conditions.
Moving to the stability axis, the ZIP code reveals a very low percentage of renters at 0.0%. This figure is critical because it implies that the majority of residents are homeowners, which could indicate a less volatile rental market. However, the absence of data on days-on-market (DOM) and median income further complicates the stability assessment. Typically, lower DOM values and higher median incomes correlate with greater stability, but we must operate under limited information here.
Given the available data, 41351 does not fit neatly into either a high-yield/low-stability flip-style market or a steady-cashflow zone. Instead, it appears to occupy a middle ground. The low renter percentage might suggest a stable environment due to fewer turnovers and potentially less vacancy risk. However, the lack of detailed market and income data prevents a conclusive classification. For landlords and small-portfolio investors, this ZIP code offers a moderate level of stability with a competitive rental rate, but the overall yield remains uncertain without additional local market insights.
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.