Location: Adair County, KY | Metro: Adair County, KY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $650 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,300 |
| 5 Bedrooms | $1,508 |
| 6 Bedrooms | $1,689 |
| 7 Bedrooms | $1,824 |
| 8 Bedrooms | $1,915 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 42742 in fiscal year 2026 is set at $870. This figure represents the maximum amount that the U.S. Department of Housing and Urban Development (HUD) will pay to cover the rent of a Section 8 tenant in this area. It's important to note that this is not necessarily the rent you'll charge your tenants; it's the reimbursement limit for the housing assistance program.
In ZIP 42742, there is currently a 0.0% share of renters utilizing the Section 8 program, indicating low demand for subsidized housing. This can be both an advantage and a disadvantage. On one hand, it suggests that there may be limited competition from other landlords who are participating in the program. On the other hand, it could mean fewer eligible tenants looking for your properties.
The local median rent is listed as N/A, which makes direct comparison challenging. However, the lack of available data on median rents and acquisition costs (N/A) suggests that the market in ZIP 42742 might be less developed or have less comprehensive reporting. This could mean that you'll need to rely more heavily on local real estate agents or market surveys to get accurate figures.
Before deciding to participate in the Section 8 program with your rental property in ZIP 42742, ensure you verify the condition of your property against HUD’s minimum housing quality standards. These standards are designed to ensure that the housing units are safe, decent, and sanitary, and they must be met for the property to qualify for Section 8 tenancy.
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.