ZIP 40006 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 40006 in the Louisville, KY-IN FMR area.

Louisville, KY-IN

$790Efficiency

$8401 bedroom

$1,1002 bedrooms

$1,3203 bedrooms

$1,5304 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$790	$711	$869	$976
1 bedroom	$840	$756	$924	$1,058
2 bedrooms	$1,100	$990	$1,210	$1,276
3 bedrooms	$1,320	$1,188	$1,452	$1,629
4 bedrooms	$1,530	$1,377	$1,683	$1,874

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Carroll County, KY

$790Efficiency

$8401 bedroom

$1,1002 bedrooms

$1,3203 bedrooms

$1,5304 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$790	$711	$869	$766
1 bedroom	$840	$756	$924	$819
2 bedrooms	$1,100	$990	$1,210	$1,072
3 bedrooms	$1,320	$1,188	$1,452	$1,277
4 bedrooms	$1,530	$1,377	$1,683	$1,409

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Trimble County, KY

$790Efficiency

$8401 bedroom

$1,1002 bedrooms

$1,3203 bedrooms

$1,5304 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$790	$711	$869	$840
1 bedroom	$840	$756	$924	$898
2 bedrooms	$1,100	$990	$1,210	$1,175
3 bedrooms	$1,320	$1,188	$1,452	$1,407
4 bedrooms	$1,530	$1,377	$1,683	$1,642

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 40006

$63,160average adjusted gross income per tax return (2022)

$48,628average salaries and wages per return

2,130tax returns filed

21%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	26.3%
$25,000 to $50,000	25.4%
$50,000 to $75,000	17.4%
$75,000 to $100,000	12.7%
$100,000 to $200,000	16.0%
$200,000 or more	2.3%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 16.4% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 40006?

HUD's FY2027 Small Area FMRs for ZIP 40006 (Louisville, KY-IN) are $790 efficiency, $840 one bedroom, $1,100 two bedrooms, $1,320 three and $1,530 four bedrooms.

What payment standard can a housing authority set in ZIP 40006?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $990 to $1,210.

How affordable is rent in ZIP 40006?

Tax returns filed from ZIP 40006 reported an average adjusted gross income of $63,160 (2022). A two-bedroom unit at the Small Area FMR costs $13,200 a year, or 21% of that income.