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Floyd County/Martin/41649

41649

ZIPSAFMR
Floyd County, KY
Zillow

ZIP Investment Score

129Above average

095130300
BRFMR
Eff. Rent
0 BR$720$720
1 BR$760$760
2 BR$1,000$1,000
3 BR$1,330$1,330
4 BR$1,350$1,350
5 BR$1,552Not available
6 BR$1,785Not available
7 BR$2,053Not available
8 BR$2,361Not available

Purchase Price Calculator

Maximum purchase price
$86,683

Cost breakdown

+Likely effective rent$1,000
HUD FMRUsed$1,000
Market rentN/A
Est. payment standardN/A
-Principal and interest-$438
Loan amount$69,346
Down payment$17,337
Rate6.50%
Term30 years
-Operating costs-$362
Property taxes-$87
Insurance-$175
Utilities$0
HOA$0
Management-$100
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,350(94.3% ROI)
Projected value
$93,348
Return breakdown
Property appreciation+$6,665
Loan principal paid down+$2,485
Rental cash flow+$7,200
5-year hold
+$27,821(160.5% ROI)
Projected value
$98,074
Return breakdown
Property appreciation+$11,391
Loan principal paid down+$4,431
Rental cash flow+$12,000
10-year hold
+$58,836(339.4% ROI)
Projected value
$110,962
Return breakdown
Property appreciation+$24,279
Loan principal paid down+$10,557
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
--
Mortgage rate
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ZIP 41649 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 41649 (Martin, KY) is $1,000 a month. That is up 3.1% from $970 in FY 2026. Martin is in the Floyd County, KY non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $925. Among 38 ZIP codes in Floyd County, 41649 has the 11th-highest two-bedroom rent (county range $910–$1,260). The median county two-bedroom FMR in Kentucky is $925, so ZIP 41649 is 8% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 41649
BedroomsFY 2027Change90–110% range
Studio$720+4.3%$648–$792
1BR$760+2.7%$684–$836
2BR$1,000+3.1%$900–$1,100
3BR$1,330+11.8%$1,197–$1,463
4BR$1,350+3.8%$1,215–$1,485

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 41649
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$720$760$1,000$1,330$1,350
FY 2026$690$740$970$1,190$1,300
FY 2025$690$740$970$1,160$1,280
FY 2024area FMR$636$668$878$1,062$1,169
FY 2023area FMR$551$577$760$925$1,026

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Floyd County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 41649
41640$930−7.0%
41642$1,260+26.0%
41643$980−2.0%
41645$1,020+2.0%
41647$930−7.0%
41649Current$1,000—
41650$930−7.0%
41651$930−7.0%
41653$910−9.0%
41655$930−7.0%
41659$1,150+15.0%
41660$930−7.0%

Questions about ZIP 41649 rents

How much will Section 8 pay for a two-bedroom in ZIP 41649?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $925, which applies unless the housing authority uses Small Area FMRs, that basic range is $833 to $1,018 a month; under the ZIP-level Small Area FMR of $1,000 it would be $900 to $1,100. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 41649 in?

ZIP 41649 is in the Floyd County, KY non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $925.

How much did fair market rent change in ZIP 41649 for FY 2027?

The two-bedroom FMR rose 3.1%, from $970 in FY 2026 to $1,000 in FY 2027. Since FY 2025 it has risen 3.1%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentMartin, KY fair market rentKY statewide rentsWhat is SAFMR?Data sources