Section 8 Fair Market Rent (FMR) for ZIP 42370 - 2027

Location: Ohio County, KY | Metro: Ohio County, KY

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$650
1 Bedroom	$700
2 Bedrooms	$910
3 Bedrooms	$1,180
4 Bedrooms	$1,420
5 Bedrooms	$1,647
6 Bedrooms	$1,845
7 Bedrooms	$1,993
8 Bedrooms	$2,093

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

Median Household Income

$N/A

Housing Units

Renter Percentage

N/A

Occupancy Rate

100.0%

Renter Occupied

The ZIP code 42370, located in a rural area of Kentucky, offers a unique real estate landscape characterized by low population density and limited rental market activity. This analysis will provide insights into the key metrics that define the local housing market, focusing on the implications for landlords and small-portfolio investors.

Fair Market Rent (FMR): The Fair Market Rent for the metro area in fiscal year 2026 is set at $870, indicating a stable but modest rental price point for the region.
Market Rent: Data for market rent is currently unavailable, suggesting that the rental market is either underdeveloped or not extensively tracked in this area.
Median Home Value: There is no available data for the median home value, which could imply a lack of recent sales data or a very sparse housing market.
Renter Share: With a reported 0.0% renter share, it's evident that homeownership is predominant in this ZIP code, which might make it challenging to find tenants.
Days on Market (DOM): Information regarding the average days on market is also unavailable, making it difficult to assess the speed at which properties are typically sold or rented in this area.
Median Income: The absence of median income data can be attributed to the same reasons as the other missing data points, reflecting a scarcity of detailed economic reporting for this ZIP code.

The analysis of the ZIP 42370 real estate market reveals a predominantly owner-occupied community with little to no rental market activity. The stable yet low Fair Market Rent suggests that rental opportunities are limited, and the lack of data on median home values, market rent, and median income indicates a less developed real estate sector. For investors, the challenge lies in the potential difficulty of finding tenants due to the high homeownership rate and the need to rely on limited data for decision-making. Despite these challenges, the area's modest FMR could present an opportunity for long-term investment in single-family homes, assuming the investor is willing to navigate the uncertainties associated with limited market data.

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.