Section 8 Fair Market Rent (FMR) for ZIP 41643 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$700
1 Bedroom	$780
2 Bedrooms	$980
3 Bedrooms	$1,170
4 Bedrooms	$1,370
5 Bedrooms	$1,589
6 Bedrooms	$1,780
7 Bedrooms	$1,922
8 Bedrooms	$2,018

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

134

Median Household Income

$24,732

Housing Units

Renter Percentage

2.9%

Occupancy Rate

100.0%

Renter Occupied

ZIP code 41643, located in Kentucky, is characterized by a predominantly owner-occupied housing market with a relatively small share of renters. This area presents unique challenges and opportunities for landlords and small-portfolio investors due to its specific economic and demographic conditions.

The Fair Market Rent (FMR) for ZIP 41643 in fiscal year 2026 is set at $1,050. This figure represents the maximum amount that a landlord can charge for a unit under the Section 8 program.
The market rent for the area is currently not available. This lack of data suggests that the rental market may be less active or less tracked compared to other areas.
The median home value in ZIP 41643 is not available, indicating that there might be limited data on home sales or the area could have a low volume of transactions.
Renters make up only 2.9% of the population in this ZIP code, which is significantly lower than the national average, pointing towards a strong preference for homeownership among residents.
The Days on Market (DOM) for rentals is not available, suggesting that rental properties may either move quickly once listed or that there is insufficient data to track this metric accurately.
The median income in ZIP 41643 stands at $24,732, which is notably below the national median income. This lower income level can affect the ability of potential tenants to afford higher rents.

Given the data, investors should note that while the Fair Market Rent provides a clear guideline for pricing units under Section 8, the low renter share and median income levels suggest a cautious approach to investment. The lack of detailed market rent and median home value data points to a need for thorough local market research before committing to any rental property purchases or leases in ZIP 41643. Despite these considerations, the area's low renter share could also indicate a potential niche opportunity for investors who cater to the specific needs of the limited rental market present.

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.