Section 8 Fair Market Rent (FMR) for ZIP 42063 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 42063, located in Kentucky, is characterized by its modest size and rural setting. This area offers a unique opportunity for investors interested in the real estate market, particularly those looking at affordable housing options. The following analysis provides key metrics that are crucial for understanding the rental market dynamics in this region.

• Fair Market Rent (FMR): For fiscal year 2026, the Fair Market Rent in the metro area is set at $870, providing a benchmark for rental pricing.
• Market Rent: Data on the actual market rent for ZIP 42063 is currently unavailable, indicating a potential gap in comprehensive market analysis.
• Median Home Value: Information regarding the median home value is also not available, which suggests a lack of detailed data on the broader housing market.
• Renter Share: The percentage of residents who are renters in ZIP 42063 is unknown, making it difficult to assess the demand for rental properties.
• Days on Market (DOM): The average number of days it takes for a property to sell is not documented, leaving this aspect of the real estate market unclear.
• Median Income: Data on the median income of the residents is missing, which is essential for gauging the economic health and affordability of the area.

In summary, while the Fair Market Rent of $870 offers a starting point for pricing rental units, the lack of other critical data points such as market rent, median home value, and median income poses significant challenges for thorough market analysis. Landlords and small-portfolio investors should proceed with caution, focusing on the FMR as a guideline but being prepared to conduct additional research to fill in these gaps. The unknown percentage of renters and days on market suggest a need for further investigation into the local real estate trends and dynamics.

Data Sources: FMR data from HUD (2027).

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.