ZIP 40019 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 40019 in the Louisville, KY-IN FMR area.

Louisville, KY-IN

$780Efficiency

$8501 bedroom

$1,0102 bedrooms

$1,3003 bedrooms

$1,5004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$780	$702	$858	$976
1 bedroom	$850	$765	$935	$1,058
2 bedrooms	$1,010	$909	$1,111	$1,276
3 bedrooms	$1,300	$1,170	$1,430	$1,629
4 bedrooms	$1,500	$1,350	$1,650	$1,874

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

Shelby County, KY

$780Efficiency

$8501 bedroom

$1,0102 bedrooms

$1,3003 bedrooms

$1,5004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$780	$702	$858	$873
1 bedroom	$850	$765	$935	$998
2 bedrooms	$1,010	$909	$1,111	$1,149
3 bedrooms	$1,300	$1,170	$1,430	$1,369
4 bedrooms	$1,500	$1,350	$1,650	$1,692

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

Income in ZIP 40019

$58,364average adjusted gross income per tax return (2022)

$42,413average salaries and wages per return

1,750tax returns filed

21%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	31.4%
$25,000 to $50,000	26.3%
$50,000 to $75,000	17.1%
$75,000 to $100,000	9.1%
$100,000 to $200,000	13.7%
$200,000 or more	2.3%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 20.0% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 40019?

HUD's FY2027 Small Area FMRs for ZIP 40019 (Louisville, KY-IN) are $780 efficiency, $850 one bedroom, $1,010 two bedrooms, $1,300 three and $1,500 four bedrooms.

What payment standard can a housing authority set in ZIP 40019?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $909 to $1,111.

How affordable is rent in ZIP 40019?

Tax returns filed from ZIP 40019 reported an average adjusted gross income of $58,364 (2022). A two-bedroom unit at the Small Area FMR costs $12,120 a year, or 21% of that income.