Location: Owsley County, KY | Metro: Breathitt 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)
ZIP 41364, located in Owsley County, Kentucky, serves as a cash-flow anchor within a Section 8 portfolio strategy. The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $870. Given the lack of specific market data, we can infer that the low median income of $13,284 suggests a high dependency on government assistance programs such as Section 8. This makes the area attractive for landlords who can rely on consistent rental income through the program.
The housing market in ZIP 41364 shows a sale price of $215K, indicating relatively low property values compared to many other regions. With a typical down payment being difficult to ascertain due to limited data, the low median home value supports the idea of using this ZIP as part of a stable cash flow strategy. Properties here will likely have fewer price fluctuations and provide steady returns.
A key point is the days on market (DOM) statistic, which stands at 236 days. This suggests a slow-moving market where properties take longer to sell, making them less suitable for flipping but ideal for long-term rental investments. The low renter share of 0.0% further emphasizes the need for government-assisted tenants, reinforcing the role of Section 8 vouchers in maintaining steady occupancy and cash flow.
In conclusion, ZIP 41364 is best suited as a cash-flow anchor in a Section 8 portfolio. Its reliance on government rental assistance ensures a stable tenant base, while the low median home value and slow market indicate a region where property appreciation may not be the primary goal. Instead, the focus should be on generating reliable rental income through the FMR support at $870 per month.
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.