Location: Letcher County, KY | Metro: Letcher County, KY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,090 |
| 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 Section 8 housing market in ZIP code 41815, located in Letcher County, KY, presents a unique opportunity for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for the area is set at $870 per month for the fiscal year 2026, which is the benchmark for voucher payments. However, due to the lack of available market rent data for comparison, it's challenging to determine how voucher tenants will cashflow relative to the local rental market.
To derive insights into the rent-to-price ratio, we can reference the median home value of $83,463. This figure suggests that the rental market is likely to be less competitive compared to areas with higher median home values, indicating that voucher tenants could potentially cashflow at FMR levels without significant risk. In other words, landlords who accept Section 8 vouchers should expect their properties to remain occupied, as the cost of renting is relatively low compared to owning a home in the region.
While the median days on market (DOM) and the percentage of homes that have experienced price cuts are not available, these metrics would typically influence the decision-making process for investors considering whether to rent or buy properties. In the absence of these data points, the focus remains on the stability and predictability of cash flow provided by Section 8 vouchers.
The strongest investor angle in ZIP code 41815 is stability. With a consistent income stream guaranteed by the government through Section 8 vouchers, landlords can expect steady cash flow without the volatility often associated with market-rate rentals. This makes the area particularly attractive for those seeking a reliable investment with predictable returns.
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.