Section 8 Fair Market Rent (FMR) for ZIP 41714 - 2027

Location: Leslie County, KY | Metro: Leslie County, KY

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$650
1 Bedroom	$780
2 Bedrooms	$910
3 Bedrooms	$1,180
4 Bedrooms	$1,270
5 Bedrooms	$1,473
6 Bedrooms	$1,650
7 Bedrooms	$1,782
8 Bedrooms	$1,871

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

454

Median Household Income

$N/A

Housing Units

232

Renter Percentage

30.9%

Occupancy Rate

89.2%

Renter Occupied

To determine if you should buy in ZIP code 41714 for Section 8 investment, follow this decision tree:

Does the Fair Market Rent (FMR) of $870 clear debt service on a property?
- If yes: Proceed to the next question.
- If no: Do not invest in this area as the rental income will not cover your expenses.
Is the market rent above, at, or below the FMR?
- If above: This area may offer better returns than just relying on Section 8. Consider other factors before investing.
Note: The specific market rent figure for ZIP 41714 is currently unavailable. Please research local real estate listings or consult a local realtor for precise numbers.
Are there enough renters and days on the market (DOM) to support demand?
- If 30.9% of residents are renters and the DOM is reasonable: There is sufficient demand for rental properties in this area. However, the exact number of DOM days is not provided, so evaluate if it aligns with acceptable turnover rates for your investment strategy.
- If either the percentage of renters is too low or the DOM is excessively high: Demand may be insufficient to support a Section 8 property. Look for areas with higher rental percentages and lower DOM.

The analysis hinges on the availability of accurate market rent and DOM data. Without these specifics, the decision to invest in ZIP 41714 remains contingent upon further investigation into local market 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.