Section 8 Fair Market Rent (FMR) for ZIP 41843 - 2027

Investment Score for ZIP 41843

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

The ZIP code 41843, located in the heart of Kentucky, is characterized by its rural setting and modest housing market. This area offers a unique opportunity for investors looking to enter a less competitive market while still benefiting from federal programs such as Section 8.

• The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $930, providing a benchmark for rental pricing in the region.
• Market rent data is currently unavailable for ZIP 41843, indicating a lack of active rental listings and suggesting a low demand for rentals.
• The median home value in this ZIP code stands at $66,979, which is significantly below the national average, making it an affordable option for investment.
• The renter share is reported at 0.0%, meaning that virtually all homes in this area are owner-occupied, further emphasizing the limited rental market.
• Days on Market (DOM) data is also not available, which could imply that properties are either sold quickly or there is little turnover in the housing market.
• The median household income in ZIP 41843 is $94,375, offering insight into the economic status of the residents and their potential ability to afford higher rents or mortgage payments.

Investors considering the ZIP code 41843 should recognize the area's reliance on owner-occupied homes and the potential for leveraging the Section 8 program with a rental property priced at or around the FMR of $930. The relatively high median income suggests that homeowners can manage their finances well, but the low median home value indicates that the overall cost of entry into the market is minimal. Given the scarcity of rental listings and the absence of Days on Market data, it appears that the primary focus should be on long-term ownership investments rather than short-term rentals. However, the combination of affordable property values and the Section 8 subsidy can make rental investments attractive for those willing to navigate the local market dynamics.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.