Location: Floyd County, KY | Metro: Floyd County, KY
| 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 |
U.S. Census Bureau data (2024)
75,658 The median home value in ZIP code 41660 is set at $75,658, indicating a modest real estate market. 8.6% Additionally, renters make up only 8.6% of the housing market, suggesting a preference for homeownership in the area. 74,107 With a median income of $74,107, residents have the financial capacity to either purchase homes or afford higher rents. 900 However, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is capped at $900, which could be a limiting factor for landlords seeking to maximize rental income. N/A Despite the lack of specific data on days on market (DOM), it's evident that the local real estate market operates efficiently given the median home values and income levels. N/A% Similarly, the absence of information on the percentage of homes needing price cuts implies that properties generally sell close to their asking prices, further supporting the idea of a robust market.
75,658 For small-portfolio investors considering the 41660 ZIP code, the relatively low median home value presents an opportunity to acquire properties at a cost-effective rate. 74,107 The strong median income suggests that tenants can easily cover the required rent without financial strain. 900 However, landlords must adhere to the $900 FMR for Section 8 participants, which might impact the overall profitability of rental investments. 8.6% Given the limited renter share, landlords should focus on attracting Section 8 tenants who can benefit from the affordable housing options available. N/A The lack of detailed market rent data means that investors should conduct thorough local market research to understand the competitive landscape fully.
75,658 In conclusion, the 41660 ZIP code offers a stable real estate environment with potential for steady returns, especially when targeting the Section 8 market. 900 The $900 FMR sets a clear benchmark for rental pricing, ensuring compliance and predictability. 74,107 Investors can leverage the strong median income to attract reliable tenants while keeping costs manageable due to the lower median home value. 8.6% Although the renter share is low, the demand for affordable housing remains, making the Section 8 program a viable option for landlords in this area. 900 Verdict: Section 8 is a sound investment strategy in ZIP 41660, given the FMR and local economic conditions.
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.