Section 8 Fair Market Rent (FMR) for ZIP 42021 - 2027
Location: Hickman County, KY | Metro: Carlisle County, KY HUD Metro FMR Area
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $770 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$56,477
A decision tree for whether to buy in ZIP 42021 (Clinton, KY) for Section 8 investment follows:
- Does FMR $990 (metro FY 2026) clear debt service on a $110,388 property?
- Yes: If the landlord can secure a mortgage rate that allows the $990 Fair Market Rent (FMR) to cover the monthly debt service, then this ZIP code is financially viable for a Section 8 property. The calculation would depend on the mortgage terms and interest rates.
- No: If the $990 FMR cannot cover the monthly debt service, then purchasing in this area would not be advisable unless alternative income sources or subsidies are available to make up the difference.
- Is market rent N/A (N/A) above, at, or below FMR?
- Data indicates that the market rent is not available. This makes it difficult to assess the competitiveness of the FMR against market rates. Landlords should investigate local rental listings to understand if market rents are generally higher or lower than the FMR.
- Are 18.5% renters + N/A-day DOM enough demand?
- It depends: With 18.5% of the population being renters, there is some demand for rental properties. However, the number of days on market (DOM) is not provided, which is critical for understanding how quickly units might be filled. A low DOM suggests strong demand, while a high DOM indicates weaker demand. Landlords must consider the vacancy rate and local competition to determine if the demand is sufficient.
In summary, the decision to purchase a property in ZIP 42021 for Section 8 investment hinges on the ability to cover debt service with the FMR, understanding local market rents, and assessing the rental demand relative to the vacancy rate and competition. The data provided shows that the FMR can support a $110,388 property under favorable financing conditions, but without specific market rent figures and DOM data, the viability of the investment is contingent upon further research into these factors.
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.