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 analysis of ZIP code 41567 reveals a market that falls into the category of moderate yield and moderate stability, neither a high-yield/low-stability flip-style market nor a steady-cashflow zone. The Federal Market Rent (FMR) for the area stands at $980 for the fiscal year 2026, which is a key figure for Section 8 landlords and small-portfolio investors.
Despite the FMR being set at $980, there is a lack of specific market rent and home value data for ZIP 41567. This absence of precise local figures makes it challenging to fully assess the potential rental income against property values, but the FMR provides a solid benchmark for federal housing assistance payments.
The stability of the market is influenced by several factors. With 50.0% of residents being renters, there is a balanced mix of homeowners and renters, indicating a stable demand for rental properties. However, without the days-on-market (DOM) data, we cannot determine how quickly rental units are typically filled or vacated, which is crucial for assessing turnover rates and market volatility.
The median household income in ZIP 41567 is $35,192. This figure suggests that the area has a relatively low-income demographic, which aligns with the Section 8 program's target audience. Landlords should be aware that while the income level supports the use of federal subsidies, it also indicates a community where economic fluctuations could impact rental stability.
To summarize, ZIP 41567 offers a moderate investment opportunity for Section 8 landlords and small-portfolio investors. The $980 FMR ensures a predictable source of income, but the lack of market-specific data means that investors must rely on broader regional trends and the local economy, particularly the $35,192 median income, to gauge potential risks and 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.