Location: Livingston County, KY | Metro: Livingston County, KY HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 42028 in metro FY 2026 is set at $990. This figure represents the payment standard for Section 8 vouchers, which is the amount that the government will pay toward your tenant's rent. It does not mean that you can charge $990 as rent; rather, it indicates the maximum amount the voucher will cover. The local median rent for ZIP 42028 is listed as N/A, which suggests there isn't enough data to provide an accurate comparison. However, the lack of a local median rent can also imply low competition in the rental market.
The 0.0% renter share statistic is crucial for understanding the demand for rental properties in this area. It means that no renters in ZIP 42028 rely solely on their income to cover the rent, indicating a strong need for affordable housing options. This makes Section 8 a viable choice for landlords looking to fill vacancies without worrying about late payments or defaults.
If you're considering purchasing a property to use as a Section 8 rental, the median home value in ZIP 42028 is $102,907. This price point can make acquiring a rental property relatively accessible compared to areas with higher median home values. However, it's important to remember that the actual cost of a property can vary widely depending on its condition, location within the ZIP code, and other factors.
Before you decide to enter the Section 8 market in ZIP 42028, one key verification step is to check the specific requirements and guidelines for landlords in this program. These can include minimum property standards, rent limits, and documentation needed to qualify for Section 8 tenancy. Understanding these details will ensure a smoother transition into managing a Section 8 property.
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.