Location: Knott County, KY | Metro: Knott County, KY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,170 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
U.S. Census Bureau data (2024)
The ZIP code 41725 presents several challenges for potential Section 8 landlords. First, the tenant turnover rate could be problematic due to the disparity between the market rent and the Fair Market Rent (FMR) of $910 for the fiscal year 2026, which is based on metro area standards. Landlords might struggle to attract tenants willing to pay market rates, leading to frequent changes in occupancy.
Vacancy exposure is another concern. With no data available on the average days on market (DOM), it's difficult to predict how long properties might remain vacant. This uncertainty can lead to significant financial losses for landlords who rely on consistent rental income.
Deferred maintenance is also a risk factor. Given the lack of data on typical home values, combined with a median income of $65,439, landlords should expect limited funds for property upkeep from their tenants. This could result in higher out-of-pocket expenses for repairs and maintenance, especially if the property requires significant improvements.
However, these risks are tempered by the high concentration of renters in the area, with a 3.2% renter share. High renter density typically correlates with greater demand for housing vouchers, which can stabilize the rental market and provide a steady stream of tenants. The presence of many renters also suggests that there is a strong need for affordable housing, which can benefit landlords willing to participate in the Section 8 program.
Verdict: Moderate risk for a first-time Section 8 landlord in ZIP 41725.
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.