Section 8 Fair Market Rent (FMR) for ZIP 41821 - 2027

Location: Letcher County, KY | Metro: Letcher County, KY

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$650
1 Bedroom	$750
2 Bedrooms	$910
3 Bedrooms	$1,100
4 Bedrooms	$1,330
5 Bedrooms	$1,543
6 Bedrooms	$1,728
7 Bedrooms	$1,866
8 Bedrooms	$1,959

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

363

Median Household Income

$N/A

Housing Units

222

Renter Percentage

20.4%

Occupancy Rate

66.2%

Renter Occupied

The ZIP code 41821, located in Kentucky, is a region that offers a unique blend of rural charm and suburban convenience, making it attractive for both residents and investors. This area is characterized by its stable housing market and a significant portion of renters, which presents opportunities for those interested in rental properties.

The Fair Market Rent (FMR) for the area is set at $870 per month for the fiscal year 2026, indicating a reasonable price point for rental units.
The renter share of the population stands at 20.4%, suggesting a moderate demand for rental properties.
While the exact market rent is not available, the FMR provides a benchmark for potential rental income.
The median home value is not available, but the high percentage of renters suggests that homeownership might be less prevalent, favoring investment in rental properties.
The median income figure is not available, which makes it difficult to assess the financial capacity of the local population to pay rent.
The days on market (DOM) data is also not available, which could indicate either a robust sales process or a lack of recent activity in property transactions.

For investors, the ZIP 41821 presents a straightforward opportunity in the rental sector, given the established FMR and the presence of a substantial renter base. However, the absence of key data points such as market rent, median home value, and median income limits the ability to fully gauge the economic health and potential returns of the area. Landlords and small-portfolio investors should focus on acquiring properties that align with the FMR and consider the moderate demand for rentals when setting their investment strategies.

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.