Location: Muhlenberg County, KY | Metro: Muhlenberg County, KY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,080 |
| 4 Bedrooms | $1,220 |
| 5 Bedrooms | $1,415 |
| 6 Bedrooms | $1,585 |
| 7 Bedrooms | $1,712 |
| 8 Bedrooms | $1,798 |
U.S. Census Bureau data (2024)
The ZIP code 42367 stands out due to its relatively low number of residents at 949, indicating a smaller community setting. In this area, 17.5% of the population rents their homes, which is a modest percentage compared to larger metropolitan areas. The median income here is $51,397, suggesting a middle-class demographic. However, the lack of data on the median home value points to a potential scarcity of housing statistics, possibly due to limited property sales activity.
Turning to the economics of Section 8 vouchers, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $890. This figure contrasts with the current market rent of $754, as reported by the Census Bureau's American Community Survey. The difference between these two rates—$136 per month—implies that landlords accepting Section 8 vouchers can expect a slightly higher rental income compared to the local market rate. This margin provides a financial incentive for landlords to participate in the program, especially in an area where the rental market might be less robust.
Based on the available data, the ZIP code 42367 appears to be relatively stable. The modest rental rate suggests a balanced market, and the slight increase in FMR over the market rate indicates that the government is keeping pace with local housing costs. However, the absence of data on median home values introduces some uncertainty about long-term trends in property ownership and could suggest a transitional aspect regarding the mix of homeownership versus rental properties. For small-portfolio investors, this stability presents an opportunity to invest in rental properties knowing that there is a federal program supporting rent levels that are above the current market average.
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.