Section 8 Fair Market Rent (FMR) for ZIP 42762 - 2027

Location: Grayson County, KY | Metro: Grayson County, KY

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$660
1 Bedroom	$770
2 Bedrooms	$910
3 Bedrooms	$1,250
4 Bedrooms	$1,270
5 Bedrooms	$1,473
6 Bedrooms	$1,650
7 Bedrooms	$1,782
8 Bedrooms	$1,871

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

229

Median Household Income

$N/A

Housing Units

Renter Percentage

29.2%

Occupancy Rate

100.0%

Renter Occupied

The ZIP code 42762 is situated in a rural area of Kentucky, characterized by its relatively low population density and limited commercial activity. This environment influences the local real estate market, which is primarily driven by the needs of residents rather than large-scale investment opportunities.

Fair Market Rent: The Fair Market Rent for the metro area as of fiscal year 2026 is set at $870. This figure represents the average rent that landlords can expect to receive for a modest apartment or house, adjusted for the local housing market conditions.
Renter Share: In ZIP 42762, 29.2% of the households are renters. This percentage indicates a significant portion of the population relies on rental properties, making it a viable market for landlords and small-portfolio investors.
Median Home Value: The median home value is currently not available. However, the lack of data does not necessarily imply a weak market but could be due to the limited number of transactions in the area.
Days on Market: The days on market for rental properties is not available, suggesting that either there is little turnover or that the data is not well-documented. This metric would typically help investors understand how quickly properties are leased.
Median Income: The median income for the area is also not available. Knowing the median income helps in assessing the affordability of housing and the potential demand for rental properties at different price points.

Given the data points, investors should focus on the Fair Market Rent of $870 as a benchmark for setting competitive rental rates. With nearly 30% of households being renters, there is a consistent demand for rental properties, though the exact dynamics of the market are obscured by the lack of specific data on home values, days on market, and median income. Landlords and small-portfolio investors should leverage the known renter share and FMR to position their properties effectively, while keeping an eye out for trends that might emerge as more detailed data becomes available. The rural setting offers stability but also requires a nuanced approach to understanding the local economy and housing preferences.

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.