Location: Ohio County, KY | Metro: Hancock County, KY
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,360 |
| 5 Bedrooms | $1,578 |
| 6 Bedrooms | $1,767 |
| 7 Bedrooms | $1,908 |
| 8 Bedrooms | $2,003 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,240 | $224,910 | 0.55% | F |
U.S. Census Bureau data (2024)
The analysis of ZIP code 42368 in the Ohio County, KY metro area reveals several key points for potential Section 8 real-estate investors.
The rent math is favorable. The Fair Market Rent (FMR) for FY 2024 is set at $910, which aligns well with the available market conditions. Given the lack of specific market rent data, the FMR serves as a reliable benchmark for rental income expectations.
Acquisition is affordable. With a median home value of $178,638, properties in this ZIP code are within reach for most investors. The absence of detailed days on market (DOM) and price cut share percentages suggests that the market is stable, without significant overvaluation or frequent price reductions.
Tenant demand is robust. The population of 989 includes a substantial 10.8% renter share, indicating a consistent base of potential tenants. This percentage, while not exceptionally high, provides a solid foundation for occupancy rates.
Verdict: ZIP 42368 presents a viable opportunity for Section 8 real-estate investment. The rent math is sound with an FMR of $910, making it possible to generate stable rental income. Acquisition costs are reasonable, with a median home value of $178,638, and the market appears to be steady. Tenant demand is strong enough to support a good occupancy rate, given the local population and the percentage of renters. Investors should proceed with confidence, leveraging these figures to secure profitable investments.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.