Location: Marshall County, KY | Metro: Marshall County, KY
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,270 |
| 5 Bedrooms | $1,473 |
| 6 Bedrooms | $1,650 |
| 7 Bedrooms | $1,782 |
| 8 Bedrooms | $1,871 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,250 | $312,611 | 0.4% | F |
| 4BR | $1,270 | $435,861 | 0.29% | F |
U.S. Census Bureau data (2024)
The ZIP code 42044 presents a dynamic real estate market with specific characteristics that can be inferred from the given snapshot. The Fair Market Rent (FMR) stands at $870 for fiscal year 2026, indicating an expected increase over the current market rent of $597, as reported by the Census American Community Survey (ACS). This suggests that the rental market is growing, potentially due to rising demand or improving economic conditions.
The low price-cut share of 0.1% implies that sellers are generally able to achieve their asking prices without significant reductions, which points to a relatively strong seller's market. However, the median home value of $247,096 is a key figure that can help understand the overall market health. If this value has remained stable or increased slightly over recent years, it could indicate a balanced market where neither buyers nor sellers have a significant advantage. Conversely, if the median home value has declined, it might suggest a market where supply is outpacing demand.
The 8.0% renter share is another important metric. In a market with such a low percentage of renters, there is likely less immediate pressure on rental properties. However, this also means that the majority of residents own their homes, which can create long-term housing pressure as fewer units are available for rent. This dynamic could lead to increased competition among renters, driving up rents over time as the area becomes more desirable.
The N/A-day Days on Market (DOM) figure for listings indicates a potential issue with the availability of accurate sales data. This could mean that either the market is moving too quickly for detailed tracking, or that there is insufficient data to provide an average DOM. In either case, it suggests that when homes do come on the market, they are sold relatively quickly, further supporting the idea of a strong seller's market.
In summary, ZIP 42044 appears to be a market where demand is currently steady or growing, particularly in the rental sector. The low renter share suggests that while rental properties may not be under immediate pressure, the long-term trend could see increasing competition for these units as the area develops and attracts more residents. The real estate dynamics here favor sellers, with rents expected to rise towards the FMR in the coming years, making it an attractive market for both landlords and small-portfolio investors looking to capitalize on growing demand.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.