Location: Floyd County, KY | Metro: Floyd 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 | $650 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,270 |
| 5 Bedrooms | $1,473 |
| 6 Bedrooms | $1,650 |
| 7 Bedrooms | $1,782 |
| 8 Bedrooms | $1,871 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,210 | $105,321 | 1.15% | B |
U.S. Census Bureau data (2024)
ZIP 41602, located in Floyd County, Kentucky, can serve as a cash-flow anchor within a Section 8 portfolio strategy. This designation is based on the affordability and stability of the area.
The median home value in ZIP 41602 is $80,898, which aligns closely with the Fair Market Rent (FMR) for the metro area of $880 for fiscal year 2026. Given the absence of recent market data, the lack of significant price fluctuations suggests a stable environment for investment. With a home-value-to-income ratio of 0.7, this ZIP code is very affordable compared to the national average, indicating that the local economy supports property values well.
Auxier's median income of $116,806 provides further evidence of the area's financial stability. However, the low renter share of 0.0% might suggest limited demand for rental properties. Yet, this does not necessarily diminish the potential for a Section 8 property to perform well as a cash-flow anchor. The program's rent subsidies ensure steady income, making it less dependent on market fluctuations.
While there is no specific data on appreciation plays or diversifiers, the existing metrics support a conservative approach focused on reliable cash flow rather than speculative growth. Landlords and small-portfolio investors should consider the long-term benefits of owning a Section 8 property in ZIP 41602, where stable income can outweigh the risks associated with market volatility.
41602 Real Estate Market Report — Auxier, KY | ReSmart.ai
41602 Zip Code (Auxier, KY) Detailed Profile - City-Data.com
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.