ZIP 40008 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 40008 in the Louisville, KY-IN FMR area.

Louisville, KY-IN

$780Efficiency

$8001 bedroom

$1,0302 bedrooms

$1,3103 bedrooms

$1,6204 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$780	$702	$858	$976
1 bedroom	$800	$720	$880	$1,058
2 bedrooms	$1,030	$927	$1,133	$1,276
3 bedrooms	$1,310	$1,179	$1,441	$1,629
4 bedrooms	$1,620	$1,458	$1,782	$1,874

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

Nelson County, KY

$780Efficiency

$8001 bedroom

$1,0302 bedrooms

$1,3103 bedrooms

$1,6204 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$780	$702	$858	$777
1 bedroom	$800	$720	$880	$781
2 bedrooms	$1,030	$927	$1,133	$1,022
3 bedrooms	$1,310	$1,179	$1,441	$1,302
4 bedrooms	$1,620	$1,458	$1,782	$1,587

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

Washington County, KY

$780Efficiency

$8001 bedroom

$1,0302 bedrooms

$1,3103 bedrooms

$1,6204 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$780	$702	$858	$671
1 bedroom	$800	$720	$880	$718
2 bedrooms	$1,030	$927	$1,133	$939
3 bedrooms	$1,310	$1,179	$1,441	$1,300
4 bedrooms	$1,620	$1,458	$1,782	$1,343

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

Income in ZIP 40008

$65,929average adjusted gross income per tax return (2022)

$48,248average salaries and wages per return

1,970tax returns filed

19%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	27.9%
$25,000 to $50,000	25.9%
$50,000 to $75,000	16.2%
$75,000 to $100,000	11.7%
$100,000 to $200,000	14.7%
$200,000 or more	3.6%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 16.2% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 40008?

HUD's FY2027 Small Area FMRs for ZIP 40008 (Louisville, KY-IN) are $780 efficiency, $800 one bedroom, $1,030 two bedrooms, $1,310 three and $1,620 four bedrooms.

What payment standard can a housing authority set in ZIP 40008?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $927 to $1,133.

How affordable is rent in ZIP 40008?

Tax returns filed from ZIP 40008 reported an average adjusted gross income of $65,929 (2022). A two-bedroom unit at the Small Area FMR costs $12,360 a year, or 19% of that income.