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 ZIP code 41568 stands out due to its unique characteristics that set it apart from typical rental markets. With only 583 residents, this area has a very low population density. Notably, there is a stark absence of rental properties, as indicated by the 0.0% renting rate. The median income here is relatively modest at $27,933, while the median home value is significantly higher at $66,483. This suggests a community primarily composed of homeowners who have likely lived in their properties for an extended period.
In terms of Section 8 voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $980. However, the lack of rental properties means that the market rent data is not applicable. Landlords and small-portfolio investors should be aware that the demand for subsidized housing may be limited due to the low number of renters and the high median home value.
The data signature for ZIP 41568 reads as stable. The absence of rental units and the high median home value indicate a settled community where property ownership is the norm. For those considering entering the rental market with subsidized vouchers, the environment is unlikely to change rapidly, offering a predictable but potentially challenging landscape for generating rental income.
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.