Location: Perry County, KY | Metro: Perry County, KY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,360 |
| 5 Bedrooms | $1,578 |
| 6 Bedrooms | $1,767 |
| 7 Bedrooms | $1,908 |
| 8 Bedrooms | $2,003 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 41729, located in Perry County, Kentucky, reveals several key points that landlords and small-portfolio investors should consider before making investment decisions.
First, regarding the rent math, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $960. However, due to the lack of available market rent data, it's impossible to directly compare these figures. This absence of market rent data suggests a limited supply of rental properties, which could indicate an opportunity for landlords to fill a gap in the local housing market.
Second, on the affordability of acquisition, the median home value data is also not available. Without this information, it's challenging to assess whether buying homes in this ZIP code is financially feasible. Additionally, the number of days on the market (DOM) and the percentage of homes requiring price cuts are both missing, which would typically provide insights into how competitive the real estate market is and how quickly homes are selling. These unknowns make it difficult to gauge the ease of acquiring properties here.
Third, concerning tenant demand, the ZIP code has a total population of 64, with a renter share of 0.0%. This extremely low renter share indicates that almost no residents in the area are looking for rental housing, suggesting very little demand for rental properties.
Verdict: Investing in ZIP code 41729 presents significant challenges. The lack of market rent data and median home values means there is insufficient information to determine if the rent math works or if acquisitions are affordable. Most critically, the virtually non-existent renter share among the local population signals a severe lack of tenant demand. These factors collectively suggest that this ZIP code is not a viable investment option for landlords or small-portfolio investors seeking stable returns through rental income.
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.