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 | $820 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,530 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,150 | $78,624 | 1.46% | A |
| 3BR | $1,530 | $123,812 | 1.24% | A |
U.S. Census Bureau data (2024)
The ZIP code 41635, located in Harold, Kentucky, stands out within Floyd County due to its unique demographic and economic characteristics. With a population of 3,166 residents, 24.4% of whom rent their homes, the area has a median income of $41,292. The median home value in Harold is significantly higher at $104,588, indicating a mix of affordable and more expensive housing options.
Moving into the specifics of Section 8 voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,050. This figure contrasts with the actual market rent, which is recorded at $958 according to the Census Bureau's American Community Survey. This difference suggests that landlords participating in the Section 8 program can expect a slightly higher rental income compared to the local market rate, making it a potentially attractive option for those looking to stabilize their rental income.
The data signature for ZIP 41635 reads as stable. The relatively high median home value combined with the modest median income indicates a diverse housing market that caters to both renters and homeowners. Additionally, the FMR being above the market rent suggests a balanced approach to supporting low-income families without drastically altering the local rental landscape. For landlords and small-portfolio investors, this stability means consistent demand for rental properties and predictable income streams through the Section 8 program. It also implies that the area is well-suited for long-term investment, as the economic indicators suggest a steady environment rather than one undergoing significant transition.
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.