Location: Perry County, KY | Metro: Perry County, KY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,330 |
| 5 Bedrooms | $1,543 |
| 6 Bedrooms | $1,728 |
| 7 Bedrooms | $1,866 |
| 8 Bedrooms | $1,959 |
U.S. Census Bureau data (2024)
The market in ZIP code 41746 presents a dynamic environment, particularly when considering the Federal Market Rent (FMR) which stands at $900 for the fiscal year 2026. This figure represents the rent level at which a household paying more than 30 percent of its income for rent would qualify for housing assistance under the Fair Market Rent program. Given that the market rent is currently not available, it suggests a lack of recent data, potentially indicating a less active rental market or an area that hasn't been closely monitored for rental trends.
The absence of percentage price-cut share and days on market (DOM) indicates that there isn't a significant amount of distressed properties or a large inventory of homes that are taking longer to rent, which might suggest that the supply and demand are relatively balanced or that demand slightly exceeds supply. A balanced market often means that properties are rented or sold close to their asking price without substantial discounts.
The median home value being N/A implies that there is no recent data on the typical selling price of homes in this area, which could be due to a low volume of sales or a lack of comprehensive reporting. However, this should not overshadow the importance of the 1.3% renter share statistic. While this percentage seems low, it tells us that the majority of households in ZIP 41746 own rather than rent their homes. This characteristic can indicate a stable, owner-occupied community with lower immediate pressure on rental prices. Yet, it also suggests that any economic shifts affecting homeownership could lead to increased rental demand, putting upward pressure on rents in the future.
In conclusion, ZIP 41746 appears to be a market where the rental sector is not heavily discounted, and the overall demand for rentals is relatively low compared to the total number of households. The dynamics here point towards a predominantly owner-occupied community, but the potential for change remains, especially if economic conditions alter homeownership patterns.
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.