Location: Magoffin County, KY | Metro: Magoffin County, KY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,100 |
| 4 Bedrooms | $1,260 |
| 5 Bedrooms | $1,462 |
| 6 Bedrooms | $1,637 |
| 7 Bedrooms | $1,768 |
| 8 Bedrooms | $1,856 |
U.S. Census Bureau data (2024)
The ZIP code 41464 stands out due to its unique data profile. With only 560 residents, it represents a small community where 16.6% of the population rents their homes. The lack of reported median income and median home value suggests limited economic data, which could indicate either a transient population or an underreported area.
When examining the voucher economics, the Federal Market Rent (FMR) for ZIP 41464 is set at $870 for fiscal year 2026, while the current market rent, based on Census ACS data, is $725. This means that landlords participating in the Section 8 program can expect to receive a higher rental rate through vouchers compared to the average market rate. The difference of $145 per month between the FMR and the market rent highlights the potential financial advantage for landlords who accept vouchers in this ZIP code.
The data signature for ZIP 41464 reads as "stable." Despite the small number of residents and limited economic indicators, the consistent gap between the FMR and market rent suggests a reliable source of income for landlords who choose to participate in the Section 8 program. This stability is crucial for small-portfolio investors looking to ensure steady cash flow from their properties.
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.