Housing market/Kentucky/ZIP 40601
ZIP 40601 Frankfort, Owen County, Kentucky
Owen 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
Email this profile
HUD schedule, ACS stock, and the 90–110% band for ZIP 40601 · KY — sent to you.
ZIP 40601 · KY
ACS rent vs 2BR SAFMR
ZIP 40601 — Frankfort, 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 40601
- 1-unit detached16,01166.6%
- 1-unit attached6822.8%
- 2–4 units2,69311.2%
- 5–49 units3,20913.3%
- 50+ units3221.3%
- Mobile1,1384.7%
2–4 unit share 11.1% · 5–49 unit share 13.2% · combined 2–49 24.4%.
Units by bedrooms
Rent burden
- ACS median gross rent $944 (all bedrooms, occupied rentals).
- Median contract rent $727.
- Renters paying ≥30% of income 40.9%; ≥50% 20.6%.
- FY2027 2BR SAFMR $1,180 (1.250× ACS median gross rent).
Population
51,627 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +1.1%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 12 projects, 498 units.
- HUD project-based assisted MF: 6 properties, 343 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 0 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 40601 35.4% of occupied households are renters; vacancy is 6.3%; ACS median gross rent is $944; population increased +1.1% between the 2018 and 2023 ACS vintages; the housing stock includes 2,693 units in 2–4-unit structures and 3,209 units in 5–49-unit structures; 12 LIHTC projects totaling 498 units; FY2027 2BR SAFMR is $1,180 versus ACS median gross rent of $944. 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 40601 is a Census / HUD profile for Owen County, KY. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 40601 — Frankfort, 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 40601?
ZIP 40601 (Owen County, KY) has 51,627 residents, 22,685 households, a renter share of 35.4%, median household income of $67,125, and ACS 2023 median gross rent of $944. Vacancy is 6.3%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 40601?
ACS counts 1,038 units in 2-unit buildings, 1,655 in 3–4 unit buildings, 1,449 in 5–9, 1,187 in 10–19, and 573 in 20–49. Combined 2–49 unit stock is 5,902 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 40601?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,180. See the full schedule and 90–110% payment-standard band on the ZIP 40601 — Frankfort, KY HUD Section 8 Payment Standards / SAFMR.
Does this Kentucky ZIP profile include Georgia listings?
No. ZIP 40601 is Census / HUD research for Owen 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.