Location: Crittenden County, KY | Metro: Crittenden County, KY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,080 |
| 4 Bedrooms | $1,270 |
| 5 Bedrooms | $1,473 |
| 6 Bedrooms | $1,650 |
| 7 Bedrooms | $1,782 |
| 8 Bedrooms | $1,871 |
U.S. Census Bureau data (2024)
The median home value for ZIP 42037 in Dycusburg, Crittenden County, KY, is not available according to recent sources such as ZIP Codes. However, it's important to note that the lack of data on median home values does not provide a direct basis for calculating the rent-to-price ratio, which is crucial for understanding the broader economic context of the area.
The HUD Fair Market Rent (FMR) for the 42037 ZIP code is set at $870 for a metro scope in fiscal year 2026. This figure represents the benchmark for determining the rent subsidy amount for voucher tenants. Unfortunately, the specific market rent for ZIP 42037 is also not available, making a direct comparison challenging. However, based on the demographic information provided by United States ZIP Codes, ZIP 42037 has a slightly higher than average percentage of vacancies, indicating a potentially competitive rental market.
Given the absence of precise market rent data, we can infer that voucher tenants would likely cashflow at the FMR of $870, especially considering the higher vacancy rate. This suggests that landlords might need to offer competitive pricing to attract tenants, making it essential to monitor local rental trends closely.
The lack of information on median days on market (DOM) and the percentage of homes that have had their prices cut makes it difficult to assess the current rent-versus-buy dynamics. However, the high vacancy rate implies that renting could be more attractive to potential homeowners, further emphasizing the importance of rental pricing strategies.
The strongest investor angle in ZIP 42037 is likely cashflow, due to the FMR being a reliable indicator of rental subsidies and the higher vacancy rate suggesting a tenant-friendly market.
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.