Location: Livingston County, KY | Metro: Livingston County, KY HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
U.S. Census Bureau data (2024)
ZIP code 42083, located within the Livingston County, KY HUD Metro FMR Area, exhibits several distinct characteristics that set it apart from other ZIP codes in the county. The Fair Market Rent (FMR) for the area is $1,070 for fiscal year 2026, which is a key figure for understanding rental affordability and subsidy eligibility under the Section 8 program.
The lack of reported market rent data for ZIP 42083 suggests that the rental market may be less active or less documented compared to other areas. However, the home value of $154,024 is a significant point of reference. This figure is notably lower than what might be expected in more bustling markets, indicating that the area could be considered a value pocket within the broader metro context.
The renter share of 9.2% is relatively low compared to typical ZIP codes in the area, where higher renter shares might be observed. This suggests that homeownership is more prevalent in 42083, which can influence the dynamics of the rental market and the overall demand for subsidized housing units.
Inferencing from the provided figures, ZIP 42083 appears to be a value pocket within the Livingston County, KY HUD Metro FMR Area. The combination of a defined FMR and a lower-than-average home value suggests that this area offers affordable options for both renters and owners. While the renter share is not exceptionally high, the lower home values coupled with the presence of an FMR could indicate a suitable location for landlords and small-portfolio investors looking to tap into the Section 8 market without facing the steep competition often seen in higher-rent areas.
To provide a more comprehensive analysis, it would be beneficial to have additional data points such as the average market rent and the percentage of homes that participate in the Section 8 program. These metrics would help clarify the exact nature of the rental market and the potential for subsidized housing opportunities in ZIP 42083.
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.