Location: Owensboro, KY | Metro: Owensboro, KY MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,190 |
| 3 Bedrooms | $1,580 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
U.S. Census Bureau data (2024)
ZIP code 42356, located in Daviess County, Kentucky, is primarily characterized by its small resident population of 253 individuals, with a notable demographic skew towards older adults. The median age in this ZIP code is 79 years, indicating a significant elderly presence.
In terms of Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP code 42356 is set at $1120 for fiscal year 2024. Given the lack of specific rental market data, this FMR serves as an important benchmark for landlords and small-portfolio investors considering participation in the Section 8 program.
The data signature for ZIP code 42356 reads as stable, with no significant fluctuations in population or housing patterns observed. This stability can be beneficial for long-term investment strategies, particularly those that cater to the needs of senior residents. However, the limited data available suggests that further research into local economic conditions and housing trends would be prudent for informed decision-making.
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.