Location: Perry County, KY | Metro: Perry County, KY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
U.S. Census Bureau data (2024)
The ZIP code 41712 stands as a market in motion, driven by the interplay between rental dynamics and ownership trends. With a Fair Market Rent (FMR) of $950 set for the fiscal year 2026, it signals a stable yet growing rental environment, typical of areas where demand is gradually increasing. Although the specific market rent and price-cut share percentages are currently unavailable, the absence of significant discounts suggests that landlords are maintaining their asking rents, indicative of a market where demand keeps pace with supply.
A 24.2% renter share in the area highlights a notable segment of the population preferring or needing to rent rather than own. This statistic points towards long-term housing pressure, as a higher proportion of renters can lead to sustained demand for rental properties. Over time, this dynamic can push rents upwards if the number of available rental units fails to match the growth in the number of renters.
The median home value being listed as N/A indicates either a lack of recent sales data or an emerging market where home values might be fluctuating due to new developments or changing demographics. However, with a 24.2% renter share, it's clear that the area has a significant portion of its residents who are likely influenced by rental costs when deciding on their living arrangements. This can create a scenario where rental prices have a direct impact on the overall housing market, as potential homeowners may also be sensitive to the cost of renting versus buying.
In summary, ZIP 41712 presents a market where the rental sector is a critical component of the housing landscape. The stable FMR and high renter share suggest a steady demand for rentals, which could translate into a robust investment opportunity for landlords and small-portfolio investors looking to capitalize on these dynamics. The exact balance between supply and demand remains unclear without additional data, but the trends point towards a market where rental properties are in consistent use, reflecting ongoing housing pressures.
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.