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 ZIP code 41763 presents a dynamic rental market that is currently balanced but leans towards demand slightly outpacing supply. This inference is drawn from the snapshot of data available, which shows the Fair Market Rent (FMR) set at $960 for the fiscal year 2026, while the actual market rent reported by the Census ACS stands at $943. The fact that the market rent is below the FMR suggests that landlords are generally setting their rents at or below the government guidelines, indicating a competitive environment where tenants have some leverage.
The lack of data on price-cut share and days on market (DOM) prevents a detailed analysis of the supply-demand balance, but the low discrepancy between FMR and market rent hints at a market where demand is strong enough to keep rents stable without significant downward pressure.
A noteworthy aspect of ZIP 41763 is the 19.8% renter share. This figure is indicative of a market where a considerable portion of the population prefers or needs to rent rather than own homes. In the long term, this can translate into sustained housing pressure as renters continue to seek accommodation, potentially leading to steady demand for rental properties. Landlords and small-portfolio investors should be aware that this high renter share could mean consistent occupancy rates if they manage their properties well and offer competitive terms.
In conclusion, ZIP 41763 offers a stable rental market with a slight edge towards demand. The high renter share points to a persistent need for rental units, making it a viable investment opportunity for those looking to enter or expand in the rental sector. However, the absence of key metrics such as price-cut share and DOM means that caution is advised when interpreting the full picture of market dynamics.
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.