Location: Letcher County, KY | Metro: Letcher County, KY
| 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 |
U.S. Census Bureau data (2024)
7.0% of residents in ZIP 41826 are renters, indicating a modest demand for rental properties. However, the $870 Fair Market Rent (FMR) for the metro area in fiscal year 2026 suggests that there is a clear opportunity for landlords to set competitive rental rates. Despite the N/A mark for market rent and days on market (DOM), the data reveals that the median home value in the area is $69,055, which is relatively low compared to other regions, making it accessible for first-time buyers and investors alike. The median income of $60,500 in ZIP 41826 provides insight into the financial capabilities of potential tenants, ensuring that they can afford the FMR without significant strain. Given the absence of specific data on price-cut shares, landlords should focus on maintaining their properties to avoid the need for such adjustments. In conclusion, the combination of a low median home value and a reasonable FMR makes ZIP 41826 a viable option for landlords and small-portfolio investors looking to enter the rental market. With a modest renter share and a solid understanding of the local economy, the potential for steady returns is evident.
Section 8 verdict: ZIP 41826 presents a stable environment for Section 8 participation, given the alignment between FMR and median income levels.
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.