Location: Pulaski County, KY | Metro: Pulaski County, KY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $660 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,100 |
| 4 Bedrooms | $1,300 |
| 5 Bedrooms | $1,508 |
| 6 Bedrooms | $1,689 |
| 7 Bedrooms | $1,824 |
| 8 Bedrooms | $1,915 |
The analysis for ZIP 42558 in Unknown, KY focuses on the disparity between the Fair Market Rent (FMR) and the actual market rent. For fiscal year 2026, the FMR is set at $930. However, the market rent data is currently unavailable, which makes it challenging to provide a direct comparison. This lack of specific market rent figures is critical because it directly impacts the potential yield for landlords and small-portfolio investors.
In the context of Unknown, KY, where detailed demographic data such as the percentage of renters, median home value, and median income is also not available, we can infer that the housing market may present unique challenges and opportunities. Without concrete data on the percentage of renters, it's difficult to gauge the demand for rental properties. Similarly, the absence of median home value and median income data complicates the assessment of overall economic conditions in the area.
If the FMR of $930 were to exceed the actual market rent, this would indicate a significant opportunity for landlords to participate in a yield play. Voucher tenants would ensure a steady stream of income, even if it's slightly below the market rate. Conversely, if the market rent were higher than the FMR, landlords would face a trade-off: accepting lower rents through housing vouchers or renting at market rates to non-voucher tenants. The cost of housing voucher tenants below open-market rates would be the difference between the FMR and what the market could bear, potentially leading to reduced profitability.
To make informed decisions, landlords and investors should seek out local real estate agents or consult recent market reports for ZIP 42558 to obtain the most accurate and up-to-date information on median home values and median incomes. These figures will provide a clearer picture of the economic landscape and help determine whether participating in the Section 8 program is financially viable.
Data Sources: FMR data from HUD (2027).
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.