Location: Ballard County, KY | Metro: Ballard County, KY HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,650 |
| 5 Bedrooms | $1,914 |
| 6 Bedrooms | $2,144 |
| 7 Bedrooms | $2,316 |
| 8 Bedrooms | $2,432 |
U.S. Census Bureau data (2024)
ZIP code 42060 is situated within the Ballard County, KY HUD Metro Fair Market Rent (FMR) Area. The FMR for the area in fiscal year 2026 is set at $1,090. However, specific data on market rents and home values for ZIP 42060 are currently unavailable.
To contextualize ZIP 42060 within the broader Ballard County, KY HUD Metro FMR Area, it's essential to understand the typical characteristics of ZIP codes in this region. Generally, ZIP codes within this area have similar FMRs, but without specific comparative data, we cannot definitively categorize 42060 as a value pocket, mid-tier neighborhood, or premium sub-market.
The renter share in ZIP 42060 stands at 31.6%, which is a notable figure. A higher-than-average renter share can indicate a greater demand for rental properties, potentially making it attractive for landlords and small-portfolio investors. This high percentage suggests that a significant portion of the population prefers renting over owning, which aligns well with the objectives of Section 8 housing programs aimed at providing affordable rental options.
While the lack of specific market rent and home value data for ZIP 42060 makes direct comparisons challenging, the high renter share combined with an FMR of $1,090 could signal a potential sweet spot for Section 8 properties. Landlords and investors should consider this ZIP code as it likely offers opportunities to serve a substantial rental market within a defined budget.
In conclusion, ZIP 42060 appears to be a viable option for those interested in Section 8 real estate investments, given its high renter share and established FMR. However, further research into local market conditions would be necessary to determine if it represents a value pocket or a premium sub-market within the Ballard County, KY HUD Metro FMR Area.
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.