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 |
850 is the Fair Market Rent (FMR) for ZIP 42219 in fiscal year 2024, indicating the maximum amount Section 8 vouchers can cover for a two-bedroom apartment. While specific market rent data is not available, this figure provides a benchmark for rental pricing.
N/A is the median home value in ZIP 42219, suggesting limited data on residential sales. This makes it challenging to assess the typical investment cost but highlights the need for careful evaluation of individual properties.
N/A is the percentage of renters in ZIP 42219, leaving uncertainty regarding the local rental market dynamics. However, given the absence of robust market rent data, the FMR remains a crucial reference point for potential rental income.
N/A is the median income in ZIP 42219, which is essential for understanding the financial capacity of potential tenants. A low median income could imply a higher reliance on government assistance programs such as Section 8.
N/A is the average days on market (DOM) for properties in ZIP 42219, indicating a lack of recent sales data. This suggests that the market may be slow-moving, potentially affecting the speed at which properties can be rented or sold.
N/A is the percentage of properties experiencing price cuts, reflecting a limited dataset. This metric is typically indicative of market conditions; however, its absence means we must rely on other indicators to gauge the local real estate climate.
Based on the available data, ZIP 42219 presents a niche opportunity for Section 8 landlords and small-portfolio investors. The FMR of $850 sets a clear guideline for rental pricing, while the lack of detailed market data underscores the importance of thorough due diligence on individual properties. Given the likely dependence on government-assisted tenants, securing properties that meet HUD standards is paramount. The verdict for Section 8 in ZIP 42219 is cautiously positive, contingent upon rigorous property selection and management practices.
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.