Location: Perry County, KY | Metro: Breathitt County, KY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,330 |
| 5 Bedrooms | $1,543 |
| 6 Bedrooms | $1,728 |
| 7 Bedrooms | $1,866 |
| 8 Bedrooms | $1,959 |
U.S. Census Bureau data (2024)
The ZIP code 41367 presents a unique market dynamic that can be inferred from the available snapshot data. With a Fair Market Rent (FMR) of $930 for fiscal year 2026, this figure reflects the rental value benchmark set by HUD for the area. However, the absence of current market rent data suggests that there might be limited recent activity or reporting in this specific market segment.
The 0.0% renter share indicates that virtually all residents in ZIP 41367 own their homes rather than renting. This characteristic is indicative of a stable, perhaps even conservative, community where homeownership is the predominant form of housing. The lack of renters can signal a lower level of population turnover, which typically means less short-term volatility but could also imply a reduced pool of potential tenants for landlords.
While the median home value and days on market (DOM) are not provided, the FMR figure alone offers insights into the affordability and accessibility of housing in the area. At $930, the FMR suggests that the rental market, if it exists, is relatively affordable compared to many metropolitan areas. For small-portfolio investors and landlords, this could mean that rental properties would need to be priced competitively to attract the few potential renters in the area.
The absence of a price-cut share percentage implies that there may not be significant downward pressure on property values due to unsold inventory. In markets where supply outpaces demand, sellers often have to reduce their asking prices to facilitate sales. The lack of such data in ZIP 41367 could indicate that the local real estate market is currently balanced or that demand matches supply, though this inference is speculative without additional context.
In summary, ZIP 41367 operates under a predominantly owner-occupied housing model, which has implications for both long-term stability and short-term rental market opportunities. Landlords and small-portfolio investors should focus on understanding the local economy and job market to gauge the potential for increased rental demand. Additionally, they should consider the competitive pricing of rental units to ensure occupancy rates remain high in an area where homeownership is the norm.
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.