Location: Pike County, KY | Metro: Pike County, KY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The analysis of ZIP 41513 in Pike County, KY, reveals several key points for potential landlords and small-portfolio investors.
The first question addresses whether the rent math works. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $900. However, due to the lack of specific market rent data, it's challenging to make a direct comparison. This suggests that while the FMR provides a benchmark, local conditions might vary, and further investigation into actual market rates is advisable.
Regarding the affordability of acquisition, the median home value stands at $94,910. This figure indicates that purchasing property in this ZIP code is relatively inexpensive compared to many other areas. Additionally, the absence of specific data on days on market (DOM) and the percentage of homes requiring price cuts implies stability in the housing market, although concrete figures would provide clearer insight.
Tenant demand is evident with a population of 204 and a significant 49.2% of residents being renters. This high proportion of renters suggests a steady pool of potential tenants, making the ZIP code attractive for rental properties.
Verdict: ZIP 41513 presents a mixed picture for real estate investment. While the acquisition cost is low and tenant demand is strong, the lack of detailed market rent data introduces uncertainty. Investors should focus on securing accurate local rental rates to ensure the rent math aligns with the Fair Market Rent. Despite these gaps in information, the area offers a solid foundation for those willing to do additional research, with a favorable median home value and a substantial renter base.
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.