Housing market/Kentucky/ZIP 40361
ZIP 40361 Paris, Nicholas County, Kentucky
Nicholas County, KY · Kentucky. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 40361 · KY — sent to you.
ZIP 40361 · KY
ACS rent vs 2BR SAFMR
ZIP 40361 — Paris, KY HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 40361
- 1-unit detached5,95973.3%
- 1-unit attached2863.5%
- 2–4 units1,04512.9%
- 5–49 units3224.0%
- 50+ units650.8%
- Mobile4555.6%
2–4 unit share 12.8% · 5–49 unit share 3.9% · combined 2–49 16.7%.
Units by bedrooms
Rent burden
- ACS median gross rent $793 (all bedrooms, occupied rentals).
- Median contract rent $582.
- Renters paying ≥30% of income 36.7%; ≥50% 23.4%.
- FY2027 2BR SAFMR $1,150 (1.450× ACS median gross rent).
Population
18,422 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: -0.6%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 4 projects, 128 units.
- HUD project-based assisted MF: 4 properties, 125 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 82 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 40361 34.8% of occupied households are renters; vacancy is 10.9%; ACS median gross rent is $793; population changed -0.6% between the 2018 and 2023 ACS vintages; the housing stock includes 1,045 units in 2–4-unit structures and 322 units in 5–49-unit structures; 4 LIHTC projects totaling 128 units; FY2027 2BR SAFMR is $1,150 versus ACS median gross rent of $793. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Kentucky research
ZIP 40361 is a Census / HUD profile for Nicholas County, KY. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 40361 — Paris, KY HUD Section 8 Payment Standards / SAFMR·Kentucky ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Kentucky research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 40361?
ZIP 40361 (Nicholas County, KY) has 18,422 residents, 7,281 households, a renter share of 34.8%, median household income of $57,074, and ACS 2023 median gross rent of $793. Vacancy is 10.9%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 40361?
ACS counts 541 units in 2-unit buildings, 504 in 3–4 unit buildings, 282 in 5–9, 40 in 10–19, and 0 in 20–49. Combined 2–49 unit stock is 1,367 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 40361?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,150. See the full schedule and 90–110% payment-standard band on the ZIP 40361 — Paris, KY HUD Section 8 Payment Standards / SAFMR.
Does this Kentucky ZIP profile include Georgia listings?
No. ZIP 40361 is Census / HUD research for Nicholas County, KY. Jeff Crowe CRE does not list Kentucky property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.