Location: Todd County, KY | Metro: Todd County, KY
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,190 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,190 | $249,366 | 0.48% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 42280, set at $900 for the metro area in fiscal year 2026, is the maximum amount that a landlord can charge for a Section 8 rental unit. This figure is not the rent you will receive; it's the payment standard used by the housing authority to determine how much assistance they will provide to tenants. The actual rent you receive could be less if the tenant pays a portion of the rent out-of-pocket.
In ZIP 42280, there is currently a 3.1% renter share, indicating that 3.1% of the population are renters. This percentage suggests a moderate demand for rental properties in the area. However, given the economic conditions and the availability of affordable housing, the demand for Section 8 rentals can still be significant.
The average acquisition cost for a property in this ZIP code is $246,903. This means that if you are looking to purchase a property specifically for Section 8 rentals, you should expect to pay around this amount. It's important to note that the acquisition cost does not include any potential renovation costs or other expenses that might be necessary to make the property eligible for Section 8 tenancy.
Before proceeding with your first Section 8 rental in ZIP 42280, ensure that the property meets all local housing quality standards. These standards are set by the housing authority and must be met before a property can be approved for the Section 8 program. Failure to meet these criteria can result in delays or disqualification from the program, which can be costly and time-consuming.
In summary, the $900 FMR for ZIP 42280 provides a clear guideline for the maximum rent you can charge for a Section 8 unit. With a 3.1% renter share, there is a steady demand for rental properties, and the acquisition cost of $246,903 gives you an idea of the investment required. To secure your place in the market, verify that your property complies with all local housing quality standards.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.