Location: Perry County, KY | Metro: Leslie County, KY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
U.S. Census Bureau data (2024)
The ZIP code 41754 represents a small residential area with a total population of 800. Approximately 34.6% of residents are renters, indicating a modest demand for rental properties. The median household income stands at $72,927, which suggests a middle-class community where most residents can afford to own homes or pay market-rate rents. However, the median home value is not available, which might indicate limited data or a smaller number of homeowners in the area.
Moving into the economic analysis of rental properties, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970. This figure serves as a benchmark for rental pricing under the Section 8 program, but it's important to note that the actual market rent for the area is also not available. This lack of data makes it challenging to compare the FMR with prevailing market rates, potentially leading to uncertainty for investors looking to price their rentals competitively.
Given these conditions, ZIP 41754 could be suitable for a hands-off Section 8 voucher operator who aims to provide affordable housing without focusing on high rental yields. The relatively stable income levels among residents suggest that there will likely be a consistent demand for subsidized housing. However, for a hands-on value-add buyer seeking to improve and increase the value of properties, the absence of key metrics such as median home value and market rent poses significant challenges. These investors would need to conduct thorough local market research to understand the true potential for property appreciation and rental income growth.
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.