Location: Butler County, KY | Metro: Butler County, KY HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,190 |
| 4 Bedrooms | $1,200 |
| 5 Bedrooms | $1,392 |
| 6 Bedrooms | $1,559 |
| 7 Bedrooms | $1,684 |
| 8 Bedrooms | $1,768 |
The yield in ZIP 42201 can be assessed through the Fair Market Rent (FMR) provided by the U.S. Department of Housing and Urban Development (HUD). For FY 2024, the FMR for a 2-bedroom apartment in ZIP 42201 is $850. This figure serves as a benchmark for rental income expectations. However, the lack of specific market data and home values makes it challenging to fully evaluate the yield potential.
Moving to stability, the analysis is hampered by the absence of key metrics such as the percentage of renters, median days on market (DOM), and median household income. These figures are crucial for understanding the economic health and demand dynamics of the area. Without these specific data points, we cannot conclusively determine the stability of the market.
Given the limited data, ZIP 42201 appears to be a zone with moderate potential for steady cash flow, contingent upon the actual market conditions. The FMR of $850 suggests a baseline for rental income, but without comparative market data and home values, it's difficult to ascertain whether this represents a high-yield opportunity. Similarly, the stability of the market remains unclear due to missing demographic and economic indicators.
To make a more informed decision, additional research into local market trends, property values, and economic conditions would be advisable. Specifically, obtaining the percentage of renters, median DOM, and median household income could provide clearer insights into the balance between yield and stability in ZIP 42201.
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.