Location: Perry County, KY | Metro: Breathitt County, KY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,320 |
| 5 Bedrooms | $1,531 |
| 6 Bedrooms | $1,715 |
| 7 Bedrooms | $1,852 |
| 8 Bedrooms | $1,945 |
U.S. Census Bureau data (2024)
The ZIP code 41721 stands out due to its unique demographic and economic characteristics. With only 390 residents, it has a very low population density. Among these residents, only 8.2% are renting, indicating that homeownership is predominant. The median home value in this area is set at $81,904, which is relatively low compared to many metropolitan areas across the country. However, the lack of reported median income data suggests either a very homogenous economic profile or challenges in collecting accurate income data.
When it comes to voucher economics, the Fair Market Rent (FMR) for ZIP 41721 is established at $960 for fiscal year 2026. This figure is critical for understanding the rental market dynamics in the area, especially since the market rent data is not available. The FMR serves as a benchmark for determining the maximum payment standard for housing assistance. In this ZIP code, the discrepancy between the low median home value and the higher FMR highlights the potential for a limited rental market, where voucher holders might find it challenging to secure affordable housing.
The data signature for ZIP 41721 reads as stable. Despite the low number of renters and the absence of median income data, the consistent median home value indicates a settled residential environment. The reliance on FMR data, however, points towards an area where the rental market might be less active or less documented, leading to a stable but potentially stagnant scenario for landlords and small-portfolio investors looking to capitalize on rental opportunities.
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.