Location: Ohio County, KY | Metro: Ohio County, KY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 42369 in fiscal year 2026 is set at $930. This figure represents the payment standard for Section 8 vouchers in the area, which means that if you decide to participate in the program, your rental property will be eligible for this amount as reimbursement from the government. However, it's important to note that this is not the actual rent you can charge tenants; it's the maximum amount the housing authority will pay on behalf of a tenant.
While the local median rent for ZIP 42369 is listed as N/A, the 4.6% renter share indicates a moderate level of demand for rental properties in the area. This percentage reflects the portion of households that rent rather than own their homes. A higher percentage typically suggests a greater need for rental units, which could translate into fewer vacancies and potentially faster tenancy.
The acquisition cost for rental properties in ZIP 42369 is also listed as N/A. Without specific data, it's difficult to provide a precise figure for property values. However, knowing the FMR can help guide your expectations regarding what kind of property you might acquire within a budget that makes sense for Section 8 participation.
Before proceeding with a Section 8 rental in ZIP 42369, ensure that your property meets all the necessary requirements set by the local housing authority. These requirements often include standards for safety, habitability, and cleanliness. Your property must pass an inspection to qualify for the program. Once you confirm compliance, you can confidently move forward with the application process, knowing that you'll receive $930 per month as the payment standard, which covers a significant portion of your rental income.
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.