Location: Pike County, KY | Metro: Pike County, KY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,820 |
| 5 Bedrooms | $2,111 |
| 6 Bedrooms | $2,364 |
| 7 Bedrooms | $2,553 |
| 8 Bedrooms | $2,681 |
The analysis of ZIP code 41502 in Pike County, Kentucky, reveals several key points for landlords and small-portfolio investors.
The rent math does not work effectively due to insufficient data on market rent. The Fair Market Rent (FMR) for the Pike County metro area for fiscal year 2026 is set at $980. However, without specific market rent figures, it's challenging to assess whether this aligns with what tenants are willing to pay in this particular ZIP code.
Acquisition affordability cannot be determined accurately given that the median home value is listed as N/A. Additionally, the lack of data on days on market (DOM) and the percentage of homes that have been subject to price cuts makes it impossible to gauge the ease or difficulty of acquiring properties in this area.
Tenant demand is also unclear due to missing data on the population and the percentage of renters in ZIP 41502. These figures would provide insight into the potential pool of tenants and their willingness to rent rather than buy.
Verdict: Due to the absence of critical data points such as market rent, median home values, days on market, price cut shares, population size, and renter share percentages, it is difficult to make a definitive recommendation for investment in ZIP 41502. The only concrete figure available is the Fair Market Rent of $980, which must be considered alongside further research into local market conditions before making any investment decisions.
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.