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)
ZIP code 41764, located within Leslie County, KY, has a Fair Market Rent (FMR) of $870 for fiscal year 2026. This figure represents the maximum amount that a low-income family receiving rental assistance through the Section 8 program would pay for housing. The FMR is an indicator of the local rental market's affordability.
The lack of specific market rent and home value data for ZIP 41764 makes direct comparisons challenging. However, we can infer its position within the local market based on the available data points. With an FMR of $870, it suggests that 41764 is likely a value pocket within the Leslie County, KY metro area. Value pockets are areas where rental costs are relatively lower compared to other parts of the same market, making them attractive to renters who receive housing assistance.
The renter share of 20.5% in ZIP 41764 is notable. Typically, higher renter shares can indicate a greater concentration of renters who might benefit from the Section 8 program. In the absence of specific market rent and home value data, this higher-than-average renter share could signal a potential sweet spot for landlords interested in Section 8 tenants. A sweet spot in this context means that there is a good balance between the number of eligible renters and the cost of housing, which can lead to stable occupancy rates and predictable income streams.
To further assess whether 41764 is a value pocket, a mid-tier neighborhood, or a premium sub-market, additional data on market rents and home values would be beneficial. However, given the current information, it is reasonable to conclude that ZIP 41764 is positioned as a value pocket within its metro area, offering affordable housing options to those seeking rental assistance. Landlords and small-portfolio investors should consider the potential for steady demand from Section 8 participants in this ZIP code, given its relatively low FMR and significant renter share.
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.