Location: Morgan County, KY | Metro: Morgan County, KY
| 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 |
The ZIP code 41413, located in Morgan County, Kentucky, presents a unique challenge for real-estate analysts due to the lack of detailed demographic data. The specific figures for the number of residents, percentage of renters, median income, and median home value are currently unavailable, which makes it difficult to provide a comprehensive analysis based on typical metrics.
Despite these gaps, the Section 8 program offers insights into the rental market dynamics. For fiscal year 2026, the Fair Market Rent (FMR) for the metro area surrounding ZIP 41413 is set at $870. This figure represents the maximum amount that a landlord can charge for a rental unit under the Section 8 Housing Choice Voucher Program. However, without specific market rent data for ZIP 41413, it's challenging to compare how this FMR stacks up against local rental rates.
Given the limited data available, it's prudent to consider the broader implications for landlords and small-portfolio investors. The stability of the rental market in ZIP 41413 cannot be conclusively determined from the provided data. However, the presence of Section 8 vouchers indicates a need for affordable housing, suggesting that the area might be attracting low-income families who rely on government assistance to secure housing. This could imply a transitional environment where the demand for affordable rentals is high, and landlords should be prepared to navigate the administrative processes associated with the Section 8 program.
To make informed decisions, landlords and investors should seek additional local market data to understand the full economic context of ZIP 41413. Engaging with local real estate agents or community organizations could provide valuable insights into the current trends and future outlook of this area. While the data signature is incomplete, the reliance on Section 8 vouchers suggests a transitional period where affordability is a key factor in the housing market.
Data Sources: FMR data from HUD (2027).
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.