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 analysis of the Section 8 program in ZIP code 41778 reveals a significant gap between the Fair Market Rent (FMR) and the actual market rent. The FMR for the metro area in fiscal year 2026 is set at $960, while the current market rent is not available. This lack of market rent data means we cannot calculate the exact percentage gap, but the dollar figure disparity is clear.
Given that the FMR is higher than the market rent, landlords can leverage this situation to increase their yield. Voucher tenants, who are guaranteed rental payments up to the FMR, provide a stable and predictable income source. In this case, the voucher amount of $960 ensures that landlords receive a fixed payment that exceeds the typical market rate, thereby increasing profitability. This makes the ZIP code an attractive investment opportunity for those looking to maximize returns on their rental properties.
The ZIP code's context further supports this analysis. With 0.0% of residents identified as renters, it suggests a predominantly owner-occupied area where rental properties are scarce. The median home value and median income figures are not available, which limits our ability to draw conclusions about the economic landscape of the area. However, the scarcity of rental properties implies that there is a high demand for affordable housing, making it likely that voucher holders will be willing to pay the higher FMR to secure a place to live.
In summary, the explicit gap between the FMR and the unknown market rent presents a clear opportunity for landlords and small- portfolio investors in ZIP 41778. Voucher tenants offer a reliable income stream that can outpace the local market rates, leading to enhanced yields and financial performance.
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.