Location: Letcher County, KY | Metro: Letcher County, KY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,100 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
U.S. Census Bureau data (2024)
The ZIP code 41810 stands as a market in motion, with several key indicators providing insights into its current dynamics. The Fair Market Rent (FMR) for the area is set at $870 for fiscal year 2026, according to the metropolitan guidelines. This figure is crucial for landlords and small-portfolio investors, as it reflects the rental value that is considered fair and reasonable for the region.
The lack of available data on market rent, price-cut share, days on market (DOM), and median home value suggests either a stable market with little fluctuation or a less active market where such metrics have not been widely tracked or reported. However, the absence of these figures should not be interpreted as an indication of market health; rather, they highlight the importance of staying informed through local real estate networks and platforms.
A standout figure is the 8.0% renter share, which indicates a relatively low proportion of renters compared to homeowners in ZIP 41810. This suggests that the area is predominantly occupied by owner-occupied homes, which can imply a lower immediate demand for rental properties. Yet, it also points to potential long-term housing pressures. In areas with a lower renter share, there might be a growing need for rental units as population dynamics shift over time, leading to increased demand from new residents, young professionals, or families seeking flexible living arrangements.
The snapshot of the ZIP code's rental market shows a balance between stability and latent growth potential. While the current data points to a market that is not currently experiencing rapid changes, the underlying dynamics suggest that it could be moving towards a scenario where demand for rental properties increases. Landlords and investors should monitor local trends closely, particularly any shifts in the demographic makeup of the area, which could signal a change in housing preferences and needs.
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.