Location: Pike County, KY | Metro: Pike County, KY
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,310 | $120,994 | 1.08% | B |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 41564 is poised for careful consideration by both landlords and small-portfolio investors. With a median home value set at $102,116, the area reflects an affordable housing market that could benefit from strategic investment.
The absence of percentage reductions in listings and the unspecified median days on market (DOM) suggest stability in the sales market. This indicates that there is little pressure on sellers to reduce their asking prices, implying strong seller pricing power. In the context of a median home value of $102,116, this stability can be leveraged to maintain or slightly increase property values without risking significant inventory stagnation.
On the rental side, the Fair Market Rent (FMR) for ZIP 41564 is projected to reach $980 per month for the fiscal year 2026. While the current market rent is not specified, the trend towards higher FMRs suggests potential for increasing rental yields. Landlords and investors should monitor local market rents closely to ensure they remain competitive yet profitable.
For long-term hold investors, the appreciation thesis in ZIP 41564 is realistic but requires a nuanced approach. The stable sales market and the potential for rental rate increases provide a solid foundation for gradual property value growth. However, the exact trajectory will depend on broader economic factors and local development initiatives. Investors should focus on properties that offer both rental income opportunities and the potential for appreciation based on the current median home value and expected FMR increases.
The setup in ZIP 41564 implies a balanced market where neither extreme buyer nor seller pressure dominates. This environment favors those who can identify undervalued assets and manage them effectively for both capital appreciation and rental income. It is a market ripe for those willing to invest in understanding local trends and positioning themselves to capitalize on the steady growth anticipated in the coming years.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.