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)
6.2% of residents in ZIP 41554 are renters, indicating a modest demand for rental properties in the area. However, the Federal Market Rent (FMR) for the metro area in fiscal year 2026 stands at $980, which is a key figure for landlords and small-portfolio investors considering the Section 8 program. This FMR sets the benchmark for what is considered a fair market rent for subsidized housing, and it's crucial for understanding potential rental income.
$29,353 is the median income for ZIP 41554, suggesting that many residents might rely on assistance programs like Section 8 to afford housing. The lack of specific data on market rent and median home value means that investors must rely heavily on the FMR and other local economic indicators to make informed decisions.
The absence of detailed data on Days on Market (DOM) and the percentage of price-cut shares indicates a stable market where significant fluctuations in property values or rental rates are unlikely. This stability can be beneficial for long-term investments, especially those relying on government subsidies.
Given the modest renter share and the relatively low median income, landlords should expect a steady but not overwhelming demand for Section 8 tenants. The $980 FMR provides a clear guideline for setting rents that align with the subsidy limits, ensuring compliance and financial viability.
To conclude, the data suggests that ZIP 41554 offers a stable environment for Section 8 investments, with a reliable FMR and a manageable number of potential renters. Landlords and small-portfolio investors should focus on properties that meet the program's criteria and can attract tenants willing to pay up to $980 per month.
Verdict: ZIP 41554 is suitable for Section 8 investments, given the stable market and defined FMR.
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.