Section 8 Fair Market Rent (FMR) for ZIP 42064 - 2027

Location: Crittenden County, KY | Metro: Livingston County, KY HUD Metro FMR Area

Investment Score for ZIP 42064

Monthly Rent (2BR)

$1,050

Median Price (2BR)

$96,391

1% Rule

1.09%

Annual Yield

13.07%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$780
1 Bedroom	$870
2 Bedrooms	$1,050
3 Bedrooms	$1,250
4 Bedrooms	$1,600
5 Bedrooms	$1,856
6 Bedrooms	$2,079
7 Bedrooms	$2,245
8 Bedrooms	$2,357

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,050	$96,391	1.09%	B
3BR	$1,250	$163,090	0.77%	D
4BR	$1,600	$249,038	0.64%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

8,098

Median Household Income

$47,107

Housing Units

3,895

Renter Percentage

23.3%

Occupancy Rate

80.8%

Renter Occupied

733

The ZIP code 42064, located in Marion, Kentucky, offers a unique blend of affordability and stability for real estate investors. Nestled in the heart of the state, Marion provides access to a growing rental market with a solid foundation in federal housing programs.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $870, providing a benchmark for rental pricing that aligns with the local economy's needs.
The actual market rent, as per the latest Census ACS data, stands at $727, indicating a potential opportunity for landlords to adjust their rates closer to the FMR without alienating tenants.
The median home value in Marion is $122,108, which is significantly lower than many other regions, making it an attractive option for those looking to invest in undervalued properties.
Renters make up 23.3% of the population, suggesting a steady demand for rental properties and a reliable tenant base.
The median income in the area is $47,107, reflecting the economic conditions that support the current rental prices and the need for affordable housing options.

Analyzing these points, it's evident that Marion, KY presents a stable investment environment. The gap between the market rent and the FMR suggests room for rate adjustments, while the median home value indicates that property purchases can be made at relatively low costs. With a significant portion of the population renting and a median income that supports current rental prices, Marion offers a balanced market where both homeownership and rental investments can thrive. Landlords and small-portfolio investors should consider the potential for growth in rental income alongside the existing demand for affordable housing in this region.

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.