Location: Livingston County, KY | Metro: Livingston County, KY HUD Metro FMR Area
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 | $790 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,140 | $168,346 | 0.68% | D |
| 3BR | $1,360 | $205,875 | 0.66% | D |
U.S. Census Bureau data (2024)
With a Fair Market Rent (FMR) of $1,100 for the metro area in fiscal year 2026, landlords in ZIP 42045, Grand Rivers, KY, can expect a solid baseline for rental income. The actual market rent, according to Census ACS data, is $844, indicating a favorable environment where Section 8 rates exceed the average market rates by $256 per month. This creates an opportunity for landlords to secure tenants without the risk of vacancy. The median home value stands at $168,889, providing a stable asset base for property owners. With 30.0% of the population being renters, there's a significant demand for rental properties in the area. The median income of $50,549 suggests that residents have sufficient earnings to support their living expenses, including rent. While the Days on Market (DOM) and the percentage of price-cut shares are not available, the existing data points to a robust rental market. Landlords can leverage the higher FMR to attract and retain tenants, especially those participating in the Section 8 program. The discrepancy between the FMR and market rent highlights the potential for landlords to benefit from a government-backed rental assistance program. Given these factors, the verdict for Section 8 participation in Grand Rivers, KY, is positive, offering financial stability and a steady stream of income.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.