Section 8 Fair Market Rent (FMR) for ZIP 42022 - 2027

Location: Ballard County, KY | Metro: Ballard County, KY HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$890
1 Bedroom	$980
2 Bedrooms	$1,270
3 Bedrooms	$1,510
4 Bedrooms	$1,690
5 Bedrooms	$1,960
6 Bedrooms	$2,195
7 Bedrooms	$2,371
8 Bedrooms	$2,490

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

198

Median Household Income

$92,176

Housing Units

Renter Percentage

N/A

Occupancy Rate

100.0%

Renter Occupied

ZIP code 42022, located in a suburban area of Tennessee, is characterized by its low density of rental properties and high median income levels, making it an interesting market for real estate investors looking to understand local dynamics.

The Fair Market Rent (FMR) for ZIP 42022 is set at $1,200 for fiscal year 2026, indicating the government's benchmark for affordable housing in the region.
Market rent data is currently unavailable, which suggests that the rental market is either nascent or not widely tracked, possibly due to the area's focus on homeownership.
The median home value is also not available, likely because the area has a very low number of homes listed for sale, further emphasizing the community's preference for long-term ownership over frequent turnover.
Rental share in ZIP 42022 stands at 0.0%, reflecting the minimal presence of renters in the area and highlighting the dominance of owner-occupied homes.
The Days on Market (DOM) for listings is not available, suggesting that there might be limited real estate transactions, or that the data is not consistently reported for this area.
The median household income in ZIP 42022 is $92,176, which is significantly higher than the national average, pointing to a relatively affluent population capable of owning homes rather than renting.

Given the data, investors should note that ZIP 42022 presents a challenging environment for rental investments due to the nearly non-existent rental market and strong inclination towards homeownership. The lack of specific market rent and median home value figures underscores the need for further research into individual property values and potential rental rates. However, the high median income level provides a positive outlook for the stability and growth of home values, making it potentially attractive for those interested in long-term homeownership investments.

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.