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 41571, located within the Pike County, KY metro, exhibits several distinct characteristics when compared to typical ZIP codes in the same county. The Fair Market Rent (FMR) for ZIP 41571 is set at $980 for fiscal year 2026, which serves as a benchmark for rental pricing in the area. However, the market rent for this ZIP is not available, suggesting that either the data has not been collected or there is a lack of significant rental activity.
The median home value in ZIP 41571 stands at $87,035, which is notably lower than what might be expected in other areas of the county. This lower valuation can be indicative of a value pocket, where housing is more affordable. The 0.0% renter share indicates that virtually no residents of this ZIP code are renters, which contrasts sharply with the broader trends seen in many urban areas where renter share is significantly higher.
Given the specific figures provided, ZIP 41571 appears to be a value pocket within the Pike County, KY metro. The low median home value suggests that homeownership is relatively inexpensive, while the absence of market rent data and the zero percent renter share indicate a strong preference for owning homes over renting. This combination of factors points towards a community where the majority of residents own their homes, possibly due to the availability of more affordable housing options.
The FMR of $980 provides a clear guideline for landlords and small-portfolio investors considering the rental market in this ZIP code. While the lack of a direct market rent comparison makes it challenging to assess how closely actual rents align with the FMR, the overall picture suggests a stable, owner-occupied neighborhood rather than a dynamic rental market.
In summary, ZIP 41571 presents itself as a value pocket within the Pike County, KY metro, characterized by its low median home value and minimal rental presence. Landlords and small-portfolio investors should use the $980 FMR as a reference point for setting rental prices, though they may find limited opportunities given the low renter share.
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.