Location: Floyd County, KY | Metro: Floyd County, KY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,300 |
| 5 Bedrooms | $1,508 |
| 6 Bedrooms | $1,689 |
| 7 Bedrooms | $1,824 |
| 8 Bedrooms | $1,915 |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 41666 suggests a balanced market with implications for both pricing power and rental income potential. With a median home value of $52,335, the area presents an affordable entry point for investors looking to capitalize on undervalued properties.
The absence of percentage data regarding listings that have been reduced and the median days on market (DOM) indicate a stable market where neither buyers nor sellers hold significant advantage. This stability can be leveraged by landlords and small-portfolio investors who aim to maintain consistent cash flows without the volatility associated with rapidly changing market conditions.
On the rental side, the Forward Monthly Rent (FMR) for the metro area in fiscal year 2026 is projected at $1,070. In contrast, the current market rent stands at $626, based on Census ACS data. This gap signals a potential increase in rental income as market rates approach the forward estimate. Investors should consider the timing of their investments to align with the expected rise in rental values.
Long-term investors in ZIP 41666 can expect moderate appreciation due to the low median home value and the projected increase in rental demand. The realistic appreciation thesis hinges on the assumption that economic factors will support a gradual rise in property values and rental rates. However, the lack of specific appreciation percentages means that while growth is likely, it will not be explosive. A steady increase in property values, driven by improving rental dynamics and economic fundamentals, is the most plausible scenario.
In summary, the current median home value, coupled with the stable listing and DOM trends, positions ZIP 41666 as a viable investment area. The disparity between the current market rent and the future monthly rent projection offers a compelling reason for landlords and small-portfolio investors to enter or expand their holdings, anticipating a natural progression towards higher rental yields and property valuations.
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.