Housing market/Kentucky/ZIP 42602
ZIP 42602 Albany, Pickett County, Kentucky
Pickett County, TN · 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 42602 · KY — sent to you.
ZIP 42602 · KY
ACS rent vs 2BR SAFMR
ZIP 42602 — Albany, 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 42602
- 1-unit detached3,42368.6%
- 1-unit attached160.3%
- 2–4 units761.5%
- 5–49 units1322.6%
- 50+ units340.7%
- Mobile1,30726.2%
2–4 unit share 1.5% · 5–49 unit share 2.6% · combined 2–49 4.2%.
Units by bedrooms
Rent burden
- ACS median gross rent $630 (all bedrooms, occupied rentals).
- Median contract rent $388.
- Renters paying ≥30% of income 32.1%; ≥50% 15.9%.
- FY2027 2BR SAFMR $1,000 (1.587× ACS median gross rent).
Population
9,138 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: -9.6%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 6 projects, 122 units.
- HUD project-based assisted MF: 2 properties, 97 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 42602 27.9% of occupied households are renters; vacancy is 25.4%; ACS median gross rent is $630; population changed -9.6% between the 2018 and 2023 ACS vintages; the housing stock includes 76 units in 2–4-unit structures and 132 units in 5–49-unit structures; 6 LIHTC projects totaling 122 units; FY2027 2BR SAFMR is $1,000 versus ACS median gross rent of $630. 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 42602 is a Census / HUD profile for Pickett County, KY. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 42602 — Albany, 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 42602?
ZIP 42602 (Pickett County, TN) has 9,138 residents, 3,728 households, a renter share of 27.9%, median household income of $41,797, and ACS 2023 median gross rent of $630. Vacancy is 25.4%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 42602?
ACS counts 46 units in 2-unit buildings, 30 in 3–4 unit buildings, 53 in 5–9, 23 in 10–19, and 56 in 20–49. Combined 2–49 unit stock is 208 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 42602?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,000. See the full schedule and 90–110% payment-standard band on the ZIP 42602 — Albany, KY HUD Section 8 Payment Standards / SAFMR.
Does this Kentucky ZIP profile include Georgia listings?
No. ZIP 42602 is Census / HUD research for Pickett County, TN. 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.