Location: Knott County, KY | Metro: Knott County, KY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,170 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
U.S. Census Bureau data (2024)
The Section 8 market analysis for ZIP code 41844 in Knott County, Kentucky, reveals a unique investment opportunity. The HUD Fair Market Rent (FMR) for the area, as of fiscal year 2026, is set at $870. However, due to the lack of available market rent data, it's challenging to directly compare this figure to current market conditions.
Based on the HUD FMR alone, landlords and small-portfolio investors can expect voucher tenants to cashflow marginally in this area. This means that while there will be some positive cash flow, it won't be substantial unless the units are premium, offering above-average amenities or location advantages.
The median home value in ZIP 41844 is $54,467, which provides a basis for understanding the local real estate landscape. Using the HUD FMR of $870, we can derive a rough monthly rent-to-price ratio by dividing the median home value by the annualized FMR ($870 x 12 months). This yields approximately 5.09, indicating that the median home value is relatively low compared to the expected rental income, which could be beneficial for investors looking to leverage their capital effectively.
Unfortunately, the data does not provide the number of days on market (DOM) or the percentage of homes that experienced price cuts, making it difficult to assess the current buy-versus-rent dynamics. However, given the low median home value, it suggests that the housing market in this area might be more suited for rental investments rather than buying properties for appreciation.
The strongest investor angle in ZIP 41844 appears to be stability. With a low median home value and a predictable rental income through the Section 8 program, investors can secure a steady stream of cash flow without the volatility often associated with fluctuating home values or rental markets.
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.