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Letcher County/Deane/41812

41812

ZIPSAFMR
Letcher County, KY
Zillow

ZIP Investment Score

129Above average

095130300
BRFMR
Eff. Rent
0 BR$690$690
1 BR$790$790
2 BR$980$980
3 BR$1,170$1,170
4 BR$1,510$1,510
5 BR$1,736Not available
6 BR$1,997Not available
7 BR$2,297Not available
8 BR$2,641Not available

Purchase Price Calculator

Maximum purchase price
$83,711

Cost breakdown

+Likely effective rent$980
HUD FMRUsed$980
Market rentN/A
Est. payment standardN/A
-Principal and interest-$423
Loan amount$66,969
Down payment$16,742
Rate6.50%
Term30 years
-Operating costs-$357
Property taxes-$84
Insurance-$175
Utilities$0
HOA$0
Management-$98
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,036(95.8% ROI)
Projected value
$90,148
Return breakdown
Property appreciation+$6,437
Loan principal paid down+$2,399
Rental cash flow+$7,200
5-year hold
+$27,279(162.9% ROI)
Projected value
$94,711
Return breakdown
Property appreciation+$11,000
Loan principal paid down+$4,279
Rental cash flow+$12,000
10-year hold
+$57,641(344.3% ROI)
Projected value
$107,157
Return breakdown
Property appreciation+$23,446
Loan principal paid down+$10,195
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
--
Tax rate
--
Mortgage rate
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ZIP 41812 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 41812 (Deane, KY) is $980 a month. That is up 10.1% from $890 in FY 2026. Deane is in the Letcher 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 $909. Among 27 ZIP codes in Letcher County, 41812 is tied for the 2nd-highest two-bedroom rent (county range $910–$1,040). The median county two-bedroom FMR in Kentucky is $925, so ZIP 41812 is 6% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 41812
BedroomsFY 2027Change90–110% range
Studio$690+7.8%$621–$759
1BR$790+6.8%$711–$869
2BR$980+10.1%$882–$1,078
3BR$1,170+2.6%$1,053–$1,287
4BR$1,510+11.0%$1,359–$1,661

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 41812
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$690$790$980$1,170$1,510
FY 2026$640$740$890$1,140$1,360
FY 2025$650$750$910$1,180$1,340
FY 2024area FMR$616$733$850$1,198$1,318
FY 2023area FMR$538$609$742$1,034$1,113

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

Two-bedroom rent in nearby Letcher County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 41812
41804$910−7.1%
41810$920−6.1%
41812Current$980—
41815$910−7.1%
41819$910−7.1%
41821$910−7.1%
41824$910−7.1%
41825$1,040+6.1%
41826$910−7.1%
41832$910−7.1%
41833$910−7.1%
41835$9800.0%

Questions about ZIP 41812 rents

How much will Section 8 pay for a two-bedroom in ZIP 41812?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $909, which applies unless the housing authority uses Small Area FMRs, that basic range is $818 to $1,000 a month; under the ZIP-level Small Area FMR of $980 it would be $882 to $1,078. 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 41812 in?

ZIP 41812 is in the Letcher County, KY non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $909.

How much did fair market rent change in ZIP 41812 for FY 2027?

The two-bedroom FMR rose 10.1%, from $890 in FY 2026 to $980 in FY 2027. Since FY 2025 it has risen 7.7%.

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