Location: Pike County, KY | Metro: Floyd County, KY
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,890 |
| 5 Bedrooms | $2,192 |
| 6 Bedrooms | $2,455 |
| 7 Bedrooms | $2,651 |
| 8 Bedrooms | $2,784 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $870 | $83,616 | 1.04% | B |
| 2BR | $1,140 | $97,567 | 1.17% | B |
| 3BR | $1,360 | $158,186 | 0.86% | C |
| 4BR | $1,890 | $226,172 | 0.84% | C |
| 5BR | $2,192 | $315,510 | 0.69% | D |
U.S. Census Bureau data (2024)
The ZIP code 41501, located in Pikeville, KY, presents an interesting mix of yield and stability that can guide investment decisions for landlords and small-portfolio investors. The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,020, while the local market rent stands at $907. This indicates a slightly higher potential rental income when compared to the FMR, suggesting a modest yield advantage. However, the median home value of $122,159 adds another layer to the analysis, showing a relatively affordable entry point into the housing market.
On the stability axis, Pikeville exhibits a significant portion of renters at 36.7%. Despite the lack of data on days on market (DOM), which could indicate how quickly properties sell, the median household income of $47,349 provides insight into the financial health of the residents. This income level suggests that while there is a strong rental market, the overall economic conditions might be less robust compared to other areas, potentially affecting long-term stability.
The combination of a modest yield advantage with a substantial rental population makes ZIP 41501 neither a high-yield/low-stability flip-style market nor a steady-cashflow zone. Instead, it falls into a category where investors can expect reasonable returns without the extreme volatility associated with flipping properties. The rental market is active enough to ensure consistent cash flow, but the income levels suggest caution in terms of long-term tenant reliability and property value appreciation.
To summarize, with a market rent of $907 and a median home value of $122,159, coupled with a 36.7% rental rate and a median income of $47,349, ZIP 41501 offers a balanced opportunity for those seeking a middle ground between high-risk, high-reward investments and stable, low-growth markets. It is suitable for investors looking to diversify their portfolios with a mix of moderate risk and reward.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.