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 |
U.S. Census Bureau data (2024)
The ZIP code 41543 stands out in its county due to a unique mix of demographic and economic factors. With only 370 residents, it represents a small community where 37.9% of the population rents their homes. The median household income here is relatively low at $18,286, while the median home value is significantly higher at $65,974. This indicates that homeownership is valued but comes with a financial burden relative to the local income levels.
Moving into the specifics of Section 8 housing, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $970. However, the market rent for ZIP 41543 is not available, suggesting a lack of sufficient rental data to determine an accurate figure. This gap in information can be problematic for landlords and investors looking to understand the true rental dynamics of the area.
Despite the limited data on market rents, the discrepancy between the median income and median home value suggests a challenging environment for renters. Landlords in ZIP 41543 should consider the potential benefits of accepting Section 8 vouchers, especially given the high percentage of renters and the affordability challenges faced by many residents. However, the absence of recent market rent data means that there's uncertainty about how closely the FMR aligns with actual rental costs, which could affect the attractiveness of the program to landlords.
Based on the available data, ZIP 41543 appears to have a transitional character. The small resident base and the reliance on Section 8 vouchers indicate a community in flux, potentially seeking stability through government assistance programs. For small-portfolio investors, this ZIP code offers opportunities but also requires careful consideration of the local economic conditions and the role of Section 8 in supporting rental demand.
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.