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 analysis of ZIP 41775, located in Leslie County, KY, reveals several critical points for potential landlords and small-portfolio investors.
The first question to address is whether the rent math works. The Fair Market Rent (FMR) for the area, set at $870 per month for fiscal year 2026, serves as a benchmark. However, the lack of available market rent data means we cannot directly compare it to local rates. This absence of market data could indicate low competition or a lack of detailed reporting, which might affect rental pricing strategies.
Regarding the affordability of property acquisition, the missing data on median home values, days on market (DOM), and the percentage of homes that have had their prices cut, makes it challenging to assess the cost and ease of purchasing properties in this area. Investors would need to conduct thorough due diligence to understand the local real estate market dynamics.
Lastly, the tenant demand must be considered. With a population of only 276, and a 0.0% renter share, it's evident that there is virtually no demand for rental properties in this ZIP code. Most residents likely own their homes, and the small size of the community suggests limited opportunities for attracting renters from outside the immediate area.
In conclusion, ZIP 41775 presents significant challenges for real estate investment focused on rental income. The lack of market rent data complicates setting competitive rental rates, while the absence of key metrics on property acquisition indicates an opaque market. Perhaps most crucially, the near-zero renter share combined with a very small population implies a minimal pool of potential tenants. These factors collectively suggest that this ZIP code is not a viable option for rental property 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.