Location: Ohio County, KY | Metro: Butler County, KY HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $670 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,190 |
| 4 Bedrooms | $1,330 |
| 5 Bedrooms | $1,543 |
| 6 Bedrooms | $1,728 |
| 7 Bedrooms | $1,866 |
| 8 Bedrooms | $1,959 |
U.S. Census Bureau data (2024)
16.8% of residents in ZIP 42333 are renters, indicating a modest demand for rental properties. The Fair Market Rent (FMR) for the area, set at $860 for zip FY 2024, represents the benchmark for what landlords can expect to charge under Section 8 guidelines. Comparatively, the market rent, as reported by Census ACS, stands slightly lower at $845, suggesting that landlords participating in Section 8 can potentially charge a premium over the current market rates. However, it's important to note that the median income of $33,969 may limit the financial capacity of potential tenants to afford rents above the market average, even with subsidies.
The median home value of $127,994 offers insight into the overall housing market in ZIP 42333. While this figure might seem low, it reflects the affordability of the area, which could be advantageous for first-time buyers or those seeking to minimize their investment risk. The absence of specific data on days on market (DOM) and the percentage of homes with price cuts indicates either a stable market or a lack of recent sales activity, both of which could affect the liquidity and pricing strategy for landlords and small-portfolio investors.
In summary, ZIP 42333 presents a balanced opportunity for investors interested in Section 8 properties. With an FMR of $860, landlords can secure a reliable income stream while potentially charging above the current market rate of $845. The relatively low median income of $33,969 suggests that tenant eligibility for Section 8 will be based on need, ensuring a steady flow of qualified applicants. Given these factors, investing in Section 8 properties in ZIP 42333 appears to be a sound decision, offering stability and predictability in a modestly priced housing market.
Verdict: Invest in Section 8 properties in ZIP 42333 for reliable returns.
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.