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 Section 8 housing market in ZIP code 41548, located in Pike County, KY metro, offers a unique opportunity for real estate investors. The HUD Fair Market Rent (FMR) for the area is set at $980 per month for FY 2026, which is a critical figure for understanding the financial landscape for voucher tenants.
Given that the market rent data is currently unavailable, it's imperative to assess the HUD FMR against the median home value of $81,943. This comparison yields a rent-to-price ratio that can be calculated as follows: a $980 monthly rent equates to an annual rent of $11,760, which is approximately 14.35% of the median home value. This suggests that rental income is relatively low compared to property values, indicating that cashflow will likely be marginal for most units unless they are premium properties commanding higher rents.
The lack of specific data regarding the number of days on market (DOM) and the percentage of price cut shares means we must rely on the FMR and median home value to gauge the health of the local real estate market. However, these figures still provide valuable insights into the rent versus buy dynamics. The low rent-to-price ratio implies that buying a home in this area might be more financially prudent for residents than renting, especially when considering long-term stability and potential appreciation.
The strongest investor angle in ZIP 41548 is stability. With a predictable HUD FMR and a relatively low median home value, investors can expect consistent demand for affordable housing units from voucher holders. While cashflow may be modest, the steady stream of tenants backed by government vouchers ensures a reliable revenue source, making this location ideal for those seeking stable, long-term investments.
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.