Location: Pike County, KY | Metro: Pike County, KY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,110 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for a 1-bedroom apartment in the Pike County metro area for fiscal year 2026 is set at $890. In contrast, the market rent for similar properties in ZIP 41563 is currently estimated at $859. This creates a positive spread of $31 per unit, which ensures that landlords will receive slightly more than the market rate when renting to tenants through the Section 8 program. Given the median home value in ZIP 41563 is $103,385, this spread provides a reliable cushion against potential decreases in rental income.
The area's reliance on the Section 8 program is also evident in its 16.3% renter share, indicating a significant portion of the population depends on subsidized housing. With a median income of $46,250, many residents likely qualify for assistance, making it a stable source of tenants for landlords participating in the program.
While the data does not provide specific percentages for price-cut shares or days on market (DOM), the lack of volatility in pricing suggests that ZIP 41563 is not an ideal candidate for appreciation plays. Instead, the focus should be on maintaining steady cash flows, which is supported by the slight premium offered by the FMR over market rates.
In summary, ZIP 41563 serves best as a cash-flow anchor within a Section 8 portfolio strategy due to its stable tenant base and the slight premium offered by the FMR compared to market rates. This makes it a reliable investment option for landlords and small-portfolio investors seeking consistent returns.
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.