Section 8 Fair Market Rent (FMR) for ZIP 41519 - 2027

Location: Pike County, KY | Metro: Pike County, KY

Investment Score for ZIP 41519

N/A

Monthly Rent (2BR)

$1,100

Median Price (2BR)

$N/A

1% Rule

Annual Yield

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

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

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$1,310	$122,100	1.07%	B

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

901

Median Household Income

$51,957

Housing Units

423

Renter Percentage

N/A

Occupancy Rate

67.6%

Renter Occupied

The ZIP code 41519, located in Kentucky, offers a unique real estate landscape characterized by low rental activity and modest home values. This area is particularly interesting for investors looking to understand the dynamics of a market where homeownership is predominant over renting.

The Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $980. This figure reflects the government's assessment of what constitutes a fair rent for a two-bedroom apartment, which can be a benchmark for potential rental properties.
The market rent for the area is currently listed as N/A, indicating a lack of active rental listings or insufficient data to provide a reliable average rent price.
The median home value in ZIP 41519 stands at $101,717. This suggests that the housing stock is relatively affordable, potentially attracting first-time buyers or those seeking to relocate to a cost-effective region.
The renter share of the population is 0.0%, highlighting the strong preference for homeownership over renting in this community. This could pose challenges for landlords aiming to generate rental income.
The days on market (DOM) for listings is N/A, suggesting either a robust sales pace or a limited number of transactions that make it difficult to establish an average DOM.
The median household income in the area is $51,957. While this figure provides insight into the purchasing power of local residents, it also underscores the economic conditions that might influence the demand for both rentals and home purchases.

In summary, ZIP 41519 presents a challenging environment for rental investments due to the extremely low renter share and lack of market rent data. However, the low median home value and fair market rent suggest opportunities for property flipping or long-term ownership investments. The absence of days on market data implies a need for further investigation into local real estate trends before making investment decisions. For small-portfolio investors, focusing on owner-occupied homes rather than rental units would likely yield better returns given the current market dynamics.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.