Location: Ohio County, KY | Metro: Ohio County, KY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $690 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,180 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
U.S. Census Bureau data (2024)
0.0% of the housing units in ZIP 42338 are rented, indicating a predominantly owner-occupied market. This low rental share suggests limited demand for rental properties in the area.
$870 is the Fair Market Rent (FMR) for ZIP 42338 as of fiscal year 2026, according to HUD guidelines. This figure represents the maximum rent that a property can charge to be eligible under the Section 8 program.
N/A median home value indicates that there is insufficient data to determine an accurate median home value for ZIP 42338. However, the lack of significant rental activity implies a stable, owner-occupied community.
N/A median income reflects the absence of reliable income data for ZIP 42338, making it difficult to assess the economic profile of residents. Without this information, it's challenging to predict the financial capabilities of potential tenants.
N/A-day DOM suggests that there is no recent real estate transaction data available for ZIP 42338, which could indicate a slow-moving market or limited activity.
N/A% price-cut share further emphasizes the lack of detailed real estate transaction data for ZIP 42338. This absence points towards a market where pricing adjustments are either rare or not well-documented.
In summary, ZIP 42338 presents a unique challenge for landlords and small-portfolio investors due to the scarcity of recent real estate transaction data and the extremely low rental share. The fair market rent of $870 provides a clear guideline for those interested in participating in the Section 8 program. However, the limited information on median home values, income levels, and days on market makes it difficult to gauge broader market conditions and tenant stability.
Section 8 Verdict: Caution advised due to limited data availability and low rental demand.
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.