Section 8 Fair Market Rent (FMR) for ZIP 42533 - 2027

Location: Pulaski County, KY | Metro: Pulaski County, KY

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$650
1 Bedroom	$690
2 Bedrooms	$910
3 Bedrooms	$1,080
4 Bedrooms	$1,290
5 Bedrooms	$1,496
6 Bedrooms	$1,676
7 Bedrooms	$1,810
8 Bedrooms	$1,901

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

897

Median Household Income

$41,000

Housing Units

413

Renter Percentage

31.9%

Occupancy Rate

80.4%

Renter Occupied

106

ZIP code 42533, located in a county with 897 residents, stands out due to its unique mix of homeownership and rental rates. With 31.9% of the population renting their homes, it indicates a notable demand for rental properties. The median household income in this area is $41,000, which is relatively modest compared to national averages. However, the median home value is significantly higher at $153,273, suggesting that housing in this ZIP is priced above average for the region.

The economic landscape for landlords and small-portfolio investors is further defined by the disparity between the Fair Market Rent (FMR) and the actual market rent. For fiscal year 2026, the FMR for ZIP 42533 is set at $870, whereas the Census ACS data suggests a market rent of $765. This difference means that landlords participating in the Section 8 program can expect to receive slightly higher rents through vouchers, which can help offset the costs associated with maintaining and managing rental properties.

To put this into perspective, consider the following:

Housing Demand: The 31.9% rental rate signals a steady demand for rental units, beneficial for landlords and investors looking to capitalize on this need.
Income Considerations: The median income of $41,000 might limit the number of potential tenants who can afford the higher FMR without assistance, making Section 8 vouchers particularly attractive.
Economic Benefits: The FMR of $870 exceeds the market rent of $765, offering landlords an incentive to accept vouchers and potentially stabilize cash flows.

The data signature for ZIP 42533 reads as stable, with a consistent demand for rentals and a clear gap between the FMR and market rent. This stability supports long-term investment strategies for those interested in real estate in this area, especially considering the benefits of the Section 8 program for landlords.

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.