Location: Pike County, KY | Metro: Floyd County, KY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,780 |
| 5 Bedrooms | $2,065 |
| 6 Bedrooms | $2,313 |
| 7 Bedrooms | $2,498 |
| 8 Bedrooms | $2,623 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,020. However, the median home value in ZIP 41659 stands at $156,843. Given that the market data for this area is currently unavailable, we rely on the FMR to gauge potential rental income. With a median home value significantly lower than the metro average, properties in ZIP 41659 can be rented out at or near the FMR, providing a stable and predictable cash flow.
The median income in ZIP 41659 is $36,143, indicating a demographic that heavily relies on government assistance such as Section 8 vouchers. This ensures a steady stream of qualified tenants who can consistently meet their rental obligations, even if the local economy experiences downturns.
Furthermore, the 16.7% renter share suggests that there is a substantial portion of the population that prefers or needs to rent, rather than own, their homes. This high renter rate supports the viability of rental properties and reduces the risk of vacancy.
To illustrate, consider the recent sale of a property at 100 Old Mare Creek Rd, which sold for $110,000 in May 2026. This property could potentially be rented at or near the FMR of $1,020, providing a reliable source of income. Similarly, another property at 1153 Mare Crk sold for $199,000 in April 2026, also aligning with the FMR for rental purposes.
In conclusion, ZIP 41659 serves as a solid cash-flow anchor within a Section 8 portfolio due to its alignment with FMR, high renter share, and stable tenant base. These factors ensure consistent and dependable rental income, making it an ideal choice for landlords and small-portfolio investors seeking steady returns.
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.