Location: Barren County, KY | Metro: Barren County, KY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,410 |
| 5 Bedrooms | $1,636 |
| 6 Bedrooms | $1,832 |
| 7 Bedrooms | $1,979 |
| 8 Bedrooms | $2,078 |
U.S. Census Bureau data (2024)
The ZIP code 42131 stands out due to its extremely low population count, with only 72 residents recorded. This ZIP code is unique in that it has a 0.0% rental rate, indicating that all residents own their homes. The lack of data on median income and median home value suggests that the area might be too small or isolated to provide reliable statistics.
Moving onto voucher economics, the Fair Market Rent (FMR) for the metro area including ZIP 42131 for fiscal year 2026 is set at $920. However, the absence of market rent data for the ZIP code itself means that landlords cannot directly compare the FMR to local market conditions. This gap in information could lead to uncertainty about the financial viability of accepting Section 8 vouchers in this particular ZIP code.
The overall data signature for ZIP 42131 reads as "stable." Despite the limited data available, the fact that there is no rental activity and the population is so small implies that the housing market here is unlikely to experience significant fluctuations. Landlords should proceed with caution, however, due to the scarcity of comparative data points. They must consider the broader regional context when making decisions about participating in the Section 8 program.
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.