Section 8 Fair Market Rent (FMR) for ZIP 41636 - 2027

Location: Floyd County, KY | Metro: Floyd County, KY

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$660
1 Bedroom	$710
2 Bedrooms	$930
3 Bedrooms	$1,240
4 Bedrooms	$1,250
5 Bedrooms	$1,450
6 Bedrooms	$1,624
7 Bedrooms	$1,754
8 Bedrooms	$1,842

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

646

Median Household Income

$67,663

Housing Units

328

Renter Percentage

30.1%

Occupancy Rate

88.1%

Renter Occupied

The ZIP code 41636, located in Kentucky, represents a modest residential area with a mix of rental and owned properties. The local economy supports a diverse population, including both renters and homeowners, making it an interesting market for real estate investment.

The Fair Market Rent (FMR) for the area is set at $900 for the fiscal year 2026, indicating the government's benchmark for affordable housing.
The market rent, according to the latest Census ACS data, stands at $836, which is slightly below the FMR but still reflects the current demand for rental properties.
The median home value in ZIP 41636 is $62,427, showing that the area is primarily composed of lower-value homes, which can be attractive for first-time buyers or investors looking for affordable entry points.
Renters make up 30.1% of the population, suggesting a steady demand for rental units and a balanced market between rentals and homeownership.
The median income of residents is $67,663, providing insight into the financial stability of the community and its ability to sustain rental rates and home values.

For landlords and small-portfolio investors, the data points to a stable yet modest market. With rental rates close to the government's FMR and a significant portion of the population renting, there is a consistent demand for affordable housing. However, the relatively low median home value and income levels indicate that the potential for high rental premiums or rapid appreciation is limited. Investors should focus on properties that offer good returns relative to their investment costs and consider the long-term stability of the area over quick capital gains.

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.