Location: Pulaski County, KY | Metro: Lincoln 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 | $650 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,080 |
| 4 Bedrooms | $1,300 |
| 5 Bedrooms | $1,508 |
| 6 Bedrooms | $1,689 |
| 7 Bedrooms | $1,824 |
| 8 Bedrooms | $1,915 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,080 | $218,176 | 0.5% | F |
U.S. Census Bureau data (2024)
ZIP code 42567, located within the Pulaski County, KY metro, presents a unique profile when compared against typical ZIP codes in the same county. The Fair Market Rent (FMR) for ZIP 42567 is set at $940 for fiscal year 2026, which is higher than the current market rent of $793. This indicates that the government's estimate of rental affordability is above what the local market currently offers, suggesting a potential opportunity for landlords to increase rents without significantly impacting occupancy rates.
The median home value in ZIP 42567 is $161,154, which is relatively low compared to the average home values in the broader Pulaski County metro area. This lower home value could be indicative of an area where property investment might offer better returns relative to other parts of the county, particularly if the area is undergoing development or gentrification trends that could drive up property values in the future.
The renter share in ZIP 42567 is 20.8%, which is notably higher than the typical percentage of renters in many areas of Pulaski County. This suggests a significant portion of the population relies on rental housing, potentially making it an attractive location for small-portfolio investors looking to capitalize on the demand for affordable rentals.
When considering the characteristics of ZIP 42567, it appears to be a value pocket within the Pulaski County metro. The combination of a below-average home value and a high renter share indicates that this ZIP code could be a prime location for Section 8 housing, given the higher FMR relative to market rent. Landlords and investors should take note of the discrepancy between the FMR and the actual market rent, as it can provide a margin for profitability while still offering affordable housing options.
To summarize, ZIP 42567 stands out as a value pocket due to its lower home values and higher-than-average renter share, aligning well with the criteria for Section 8 properties. The higher FMR compared to the current market rent also suggests potential for increased rental income without alienating tenants.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.