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 market snapshot for ZIP code 41526 reveals a dynamic rental environment centered around the Fair Market Rent (FMR) of $980, as set for the fiscal year 2026. This figure, established by HUD for the metro area, provides a benchmark for understanding the rental landscape.
Despite the absence of current market rent data, the reliance on the FMR suggests that there might be a lack of sufficient private market rent data available, which could indicate either a less active rental market or a strong correlation between FMR and actual rents in this area. The latter would imply stability, while the former might point towards lower activity levels.
The missing percentage for price-cut share and days on market (DOM) indicates a lack of recent transactions data, making it challenging to assess the immediate supply-demand balance. However, the absence of these metrics doesn't necessarily mean that the market is static; rather, it could reflect the difficulty in obtaining timely and comprehensive data for this particular ZIP code.
Absent data on the median home value and the percentage of renters also limits our ability to fully characterize the long-term housing pressures. Typically, a higher renter share can signal persistent housing pressure due to limited homeownership opportunities or affordability constraints. Conversely, a lower renter share might suggest a preference for homeownership or a market where homes are more affordable relative to rents.
In the context of Section 8 real estate analysis, the key takeaway is the need for landlords and small-portfolio investors to closely monitor local rental trends and government-set FMRs. While we cannot definitively state whether supply outpaces demand or vice versa based on the current snapshot, the focus should remain on leveraging the known FMR of $980 to guide pricing strategies and ensure compliance with federal guidelines.
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.