Location: Floyd County, KY | Metro: Floyd County, KY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $690 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,220 |
| 5 Bedrooms | $1,415 |
| 6 Bedrooms | $1,585 |
| 7 Bedrooms | $1,712 |
| 8 Bedrooms | $1,798 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 41621 in Floyd County, Kentucky, reveals several key points regarding its viability for real estate investment, particularly for those interested in Section 8 housing.
The first question to address is whether the rent math works. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $870. However, without specific data on the current market rent, it's challenging to make a direct comparison. This lack of recent market data means that potential investors should seek out local real estate agents or online platforms to get an accurate sense of how the FMR stacks up against what tenants are currently paying.
Moving on to the affordability of acquisition, the data indicates that the median home value is not available, along with the days on market (DOM) and the percentage of homes that have had their prices cut. Without these critical metrics, it's difficult to assess the ease and cost-effectiveness of acquiring properties in this ZIP code. Landlords and small-portfolio investors should investigate further to understand the local real estate market dynamics, including property values and the length of time homes typically remain unsold.
Regarding tenant demand, ZIP 41621 has a population of 170, with 24.0% of residents being renters. While the overall population is small, the rental share suggests a steady demand for rental properties. However, the low population size might indicate limited growth potential, which could be a concern for long-term investments.
In summary, ZIP 41621 presents a mixed picture for real estate investment, especially for Section 8 properties. The Fair Market Rent of $870 provides a clear benchmark, but the lack of current market rent data makes it hard to evaluate the financial feasibility fully. Acquisition appears to be uncertain due to unavailable data on median home values and market conditions. Despite these challenges, the 24.0% renter share offers a stable tenant base, though the small population may limit future expansion opportunities. Investors should conduct thorough local research to fill in these data gaps before making any decisions.
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.