Location: Metcalfe County, KY | Metro: Metcalfe County, KY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,190 |
| 4 Bedrooms | $1,270 |
| 5 Bedrooms | $1,473 |
| 6 Bedrooms | $1,650 |
| 7 Bedrooms | $1,782 |
| 8 Bedrooms | $1,871 |
U.S. Census Bureau data (2024)
The analysis of ZIP 42124 in Metcalfe County, KY reveals several key points that are crucial for landlords and small-portfolio investors.
The first question to address is whether the rent math works. The Fair Market Rent (FMR) for the area in fiscal year 2026 is set at $870. However, the market rent data is currently unavailable. This lack of current market rent figures makes it difficult to compare and determine if the rental income will be sufficient to cover expenses and generate profit.
Moving on to the affordability of property acquisition, the data shows that the median home value is also not available. Additionally, the average days on market (DOM) and the percentage of homes requiring a price cut are missing. Without these details, it's challenging to assess the ease or cost of acquiring properties in this ZIP code.
Regarding tenant demand, the numbers are concerning. The ZIP code has a population of only 28 people, and an even more troubling statistic is that the renter share is 0.0%. This suggests that there is no existing demand for rental properties, which could indicate challenges in finding tenants willing to pay the required rents.
In conclusion, while the FMR for ZIP 42124 is established at $870, the absence of current market rent data complicates the assessment of rental viability. The lack of detailed acquisition costs and tenant demand indicators—particularly the zero percent renter share—suggests that this area is not promising for rental investments. The scarcity of population and renters implies a low likelihood of attracting tenants, making it a risky investment for those seeking steady rental income.
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.