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 market analysis for Section 8 investors in ZIP code 41547, located in Pike County, KY, reveals a complex rental landscape influenced by federal funding parameters. The HUD Fair Market Rent (FMR) for the Pike County metro area for fiscal year 2026 is set at $980. However, due to the lack of available market rent data, it's challenging to directly compare this figure against local market rates. This absence suggests that market conditions might be less volatile or well-documented compared to larger metropolitan areas.
Based on the HUD FMR alone, voucher tenants will likely cashflow at this rate, meaning the subsidy covers the majority of the tenant's monthly rent. This scenario typically benefits landlords by ensuring steady income without the risk of non-payment. However, the exact degree of cashflow—whether it is substantial, marginal, or requires premium units—cannot be determined without specific market rent data. In the absence of such data, we can infer that landlords might experience stable cashflows if they align their rents closely with the FMR, but there could be a need for slight adjustments depending on unit quality and location.
The median home value in ZIP 41547 is also not available, which complicates deriving a precise rent-to-price ratio. Such a ratio would help investors understand the relative affordability of renting versus buying homes in the area. Without this information, it's difficult to provide a comprehensive comparison between the two housing options. Nonetheless, the lack of median days on market (DOM) and percentage of price cuts indicates that the real estate market in this area may be relatively stable, with fewer fluctuations in property values and sales times.
The strongest angle for investors in ZIP 41547 is likely cashflow stability. Given the HUD FMR coverage and the apparent lack of significant market volatility, landlords can expect reliable income streams from voucher tenants. This predictability is particularly valuable in a smaller, rural market where other economic factors might be less robust or diverse.
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.