Location: Perry County, KY | Metro: Leslie County, KY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,310 |
| 5 Bedrooms | $1,520 |
| 6 Bedrooms | $1,702 |
| 7 Bedrooms | $1,838 |
| 8 Bedrooms | $1,930 |
U.S. Census Bureau data (2024)
Perry County, Kentucky's ZIP 41723 can serve as a solid cash-flow anchor within a Section 8 portfolio strategy. The area's Fair Market Rent (FMR) for a metro area in fiscal year 2026 is set at $930. Given that there is no available market rent data for comparison, the FMR serves as a reliable benchmark for rental income expectations. This ensures steady cash flow from tenants participating in the Section 8 program.
The median home value in ZIP 41723 is $74,273, which is relatively low compared to other regions. However, the lack of specific market rent data means that we cannot calculate an exact spread between the FMR and market rents. Despite this, the FMR provides a guaranteed minimum rent, making it a dependable source of income for landlords and small-portfolio investors.
ZIP 41723 is not an ideal appreciation play due to the absence of key metrics such as the percentage of price-cut shares and days on market (DOM). These figures would typically indicate whether property values are likely to increase over time, but without them, it's difficult to assess the potential for capital appreciation in this area.
However, ZIP 41723 does offer some diversification benefits. With a 20.7% renter share, it suggests a moderate demand for rental properties, making it a balanced addition to a portfolio. Additionally, the median income of $28,000 aligns well with the income limits for Section 8 eligibility, ensuring a consistent pool of qualified tenants. This makes ZIP 41723 a reliable choice for those looking to anchor their investment strategy around stable cash flows while also benefiting from a modest level of diversification.
In summary, ZIP 41723 should be considered primarily as a cash-flow anchor due to the guaranteed rental income from the Section 8 program, supplemented by its role as a diversifier given the moderate renter share and alignment with tenant income levels.
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.