Location: Letcher County, KY | Metro: Letcher County, KY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $660 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,120 |
| 4 Bedrooms | $1,290 |
| 5 Bedrooms | $1,496 |
| 6 Bedrooms | $1,676 |
| 7 Bedrooms | $1,810 |
| 8 Bedrooms | $1,901 |
U.S. Census Bureau data (2024)
The ZIP code 41833, located in a county with a unique demographic profile, stands out due to its small resident population of only 144 individuals. This ZIP code has a rental rate of 18.3%, which is below the national average, indicating that most residents own their homes. However, the lack of available data on median income and median home value suggests that this area might be underrepresented in broader economic studies, making it essential to rely on other indicators for a comprehensive analysis.
Regarding Section 8 voucher economics, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $870. The absence of specific market rent data for ZIP 41833 means that landlords should consider this FMR as a benchmark for setting rental rates. It's crucial to note that the FMR serves as a guideline for the maximum amount that can be charged to tenants participating in the Section 8 program, ensuring affordability for low-income families while providing a stable source of income for landlords.
The data signature for ZIP 41833 reads as "stable." Despite the limited information on median income and home values, the small population size and low rental rate suggest a community where long-term homeownership is prevalent. This stability can be attractive to small-portfolio investors looking for consistent returns without the volatility often associated with areas experiencing rapid growth or decline. Landlords in this ZIP code can expect steady demand from tenants eligible for Section 8 vouchers, particularly as the FMR provides a reliable figure for rental pricing. However, the reliance on FMR rather than local market data underscores the transitional nature of some economic metrics in this area, highlighting the need for ongoing monitoring of local trends.
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.