Section 8 Fair Market Rent (FMR) for ZIP 41352 - 2027

Location: Morgan County, KY | Metro: Morgan County, KY

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$650
1 Bedroom	$740
2 Bedrooms	$910
3 Bedrooms	$1,260
4 Bedrooms	$1,500
5 Bedrooms	$1,740
6 Bedrooms	$1,949
7 Bedrooms	$2,105
8 Bedrooms	$2,210

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

606

Median Household Income

$56,250

Housing Units

257

Renter Percentage

5.7%

Occupancy Rate

82.1%

Renter Occupied

The ZIP code 41352, located in the heart of Kentucky, offers a stable environment for real estate investment, particularly for those interested in the Section 8 housing market. The area is characterized by modest living costs and a growing need for affordable housing solutions.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $920, indicating the average rental price that landlords can expect to receive for a unit qualifying under the Section 8 program.
While specific market rent data for ZIP 41352 is currently unavailable, the median home value stands at $151,748, suggesting a relatively affordable market for both homeowners and renters.
Renters make up only 5.7% of the local population, which could imply a smaller demand for rental properties compared to owner-occupied homes.
The median income for residents in this area is $56,250, providing insight into the financial capacity of potential tenants.
Although the days on market (DOM) for rental listings is not available, it's important to note that the lower median income might affect the speed at which units are rented out.

In summary, ZIP 41352 presents a niche opportunity for landlords and small-portfolio investors focusing on the Section 8 market. With a Fair Market Rent of $920 and a median home value of $151,748, the area offers a balanced market where investment can be profitable. However, the low renter share and median income levels suggest a cautious approach is necessary when setting rents and expectations for occupancy rates. Investors should leverage the FMR to ensure they are competitive in attracting Section 8 tenants while also being mindful of the local economic conditions to maintain a steady cash flow.

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.