Location: Muhlenberg County, KY | Metro: Butler County, KY HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $660 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,170 |
| 4 Bedrooms | $1,260 |
| 5 Bedrooms | $1,462 |
| 6 Bedrooms | $1,637 |
| 7 Bedrooms | $1,768 |
| 8 Bedrooms | $1,856 |
U.S. Census Bureau data (2024)
The ZIP code 42339 stands out within its county due to a unique blend of economic indicators that set it apart from surrounding areas. With only 840 residents, it has a notably low rental rate at 10.4%, suggesting a primarily owner-occupied community. The median income of $46,667 is relatively modest compared to the median home value of $129,826, indicating a significant disparity between income levels and housing costs.
Moving into the specifics of Section 8 economics, the Fair Market Rent (FMR) for ZIP 42339 is set at $910 for fiscal year 2024. However, the lack of available market rent data means we cannot directly compare these figures. This absence of market rent data could imply either a limited supply of rental properties or an underreported rental market in the area.
The voucher program's impact on ZIP 42339 appears minimal given the low percentage of renters and the high median home value. Landlords in this area should consider the modest number of potential voucher holders when evaluating their investment strategies. Given the current data, the ZIP code shows signs of being stable. There is little indication of rapid changes in population dynamics or economic conditions that would suggest a transitional phase.
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.