Location: Leslie County, KY | Metro: Leslie County, KY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,180 |
| 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 market analysis for Section 8 investors in ZIP code 41762, located in Leslie County, Kentucky, reveals a unique opportunity based on the HUD Fair Market Rent (FMR) figures. The HUD FMR for the area is set at $870 per month for the fiscal year 2026. Given that the market rent is currently unavailable, we must rely on the HUD FMR to assess the viability of voucher tenants.
Voucher tenants in ZIP 41762 will cashflow at the FMR rate of $870, assuming they cover the entirety of the rent without requiring additional subsidies. This makes it possible for landlords and small-portfolio investors to maintain steady income streams without significant financial strain. However, the lack of specific market rent data means there's an element of uncertainty; it's crucial to verify local rental rates before making investment decisions.
The median home value in the area is also currently unavailable, which complicates deriving a precise rent-to-price ratio. Nonetheless, the general trend in rural areas like Leslie County often indicates lower property values compared to urban centers, potentially leading to a favorable rent-to-price ratio. This ratio would be beneficial for investors looking to maximize returns on their investments.
The days on market (DOM) and price-cut share percentages are not available, but these metrics can significantly impact the rent-versus-buy decision dynamics. In regions where DOM is high and price-cut shares are substantial, it generally suggests that renting is more attractive to potential tenants than buying, which could benefit Section 8 investors.
The strongest angle for investors in ZIP 41762 is likely cashflow. With voucher tenants covering the rent at the HUD FMR, investors can expect consistent payments without the need for frequent tenant turnover or extensive property management efforts. This makes the area particularly appealing for those seeking stable, predictable income from their real estate investments.
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.