Location: Muhlenberg County, KY | Metro: Muhlenberg County, KY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
U.S. Census Bureau data (2024)
13.8% of residents in ZIP 42326 are renters, indicating a significant but not overwhelming demand for rental properties. This statistic is crucial for landlords and small-portfolio investors looking to gauge the local rental market's potential. The Fair Market Rent (FMR) for the metro area as of fiscal year 2026 is set at $1,150, which represents the maximum amount a landlord can charge for a Section 8 voucher holder. Given that the median income in this ZIP code is $42,167, it's important to note that many residents might rely on assistance programs like Section 8 to afford housing. While specific data on market rent and median home value is not available, the absence of such figures does not detract from the significance of the FMR and renter share percentages.
The lack of detailed data on days on market (DOM) and the percentage of price-cut share suggests that there isn't a high turnover rate or frequent need for price adjustments in the rental market of ZIP 42326. However, the 13.8% renter share implies that there is a steady group of tenants who could benefit from the $1,150 FMR. For landlords, this means that if they can offer competitive amenities and maintenance, they could attract a consistent stream of Section 8 voucher holders. The median income figure also supports the idea that there is a segment of the population that would require financial assistance to cover their housing costs, making Section 8 vouchers a viable option for both landlords and tenants.
In conclusion, the $1,150 FMR and 13.8% renter share indicate a stable rental market in ZIP 42326, where Section 8 vouchers can play a pivotal role in facilitating tenancy. With the median income at $42,167, it's evident that a portion of the population will likely seek out subsidized housing options. Therefore, landlords and small-portfolio investors should consider accepting Section 8 vouchers as a reliable way to secure long-term tenants and maintain a steady cash flow.
Section 8 Verdict: Accepting Section 8 vouchers is a sound investment strategy in ZIP 42326.
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.