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)
To classify ZIP code 41566, we must consider both yield and stability. The yield is measured by comparing the Fair Market Rent (FMR) to the median home value. For ZIP 41566, the FMR stands at $980 for the fiscal year 2026, while the median home value is $82,616. This suggests a rental market that can generate decent cash flow relative to property values.
The stability of the market can be gauged by looking at the percentage of renters, days on market (DOM), and median income. In ZIP 41566, 12.8% of residents are renters, indicating a smaller pool of potential tenants compared to areas where renting is more prevalent. Unfortunately, the data for days on market and median income is not available, which limits our ability to fully assess the stability of the market.
Given the available data, ZIP 41566 leans towards being a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The FMR of $980 provides a consistent rental income, which when compared to the median home value of $82,616, offers a reasonable return on investment. However, the relatively low percentage of renters at 12.8% suggests some level of instability due to a potentially less competitive rental market.
To further clarify the classification, we would need additional metrics such as median income and days on market. These figures would help us understand the financial health of potential tenants and the speed at which properties are typically rented out, thus providing a clearer picture of the market's stability.
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.