Location: Knott County, KY | Metro: Knott County, KY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $680 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,130 |
| 4 Bedrooms | $1,270 |
| 5 Bedrooms | $1,473 |
| 6 Bedrooms | $1,650 |
| 7 Bedrooms | $1,782 |
| 8 Bedrooms | $1,871 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 41759, located in Knott County, KY, reveals several key points for potential Section 8 real-estate investments.
The rent math works effectively here. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $900. Given that the market rent is currently listed as N/A, it suggests that there is limited recent data on prevailing rents, but the FMR provides a solid benchmark for rental income expectations under the Section 8 program.
Regarding property acquisition, the data indicates that the median home value is also listed as N/A. Additionally, the average days on market (DOM) and the percentage of homes needing price cuts are both marked as N/A, which means there is insufficient information to make a definitive judgment on affordability. However, the lack of recent sales data might indicate a stable or low-turnover market, which can be advantageous for acquiring properties at reasonable prices.
Tenant demand is strong in this area. With a population of 841, the renter share stands at 28.9%. This means approximately 242 residents are likely seeking rental housing, providing a consistent pool of potential tenants for Section 8 properties. The demand is steady, and with proper management, landlords can expect to fill units without significant vacancy periods.
In summary, ZIP 41759 presents a viable opportunity for Section 8 investments, primarily due to the alignment between the FMR and the expected rental income, alongside a reliable tenant base. Despite the lack of specific metrics on median home values and market conditions, the presence of a substantial number of renters ensures that there will be demand for Section 8 properties, making this a promising investment location for those willing to navigate some uncertainty in property pricing.
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.