ZIP 40046 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 40046 in the Louisville, KY-IN FMR area.

Louisville, KY-IN

$810Efficiency

$9101 bedroom

$1,0902 bedrooms

$1,3703 bedrooms

$1,6004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$810	$729	$891	$976
1 bedroom	$910	$819	$1,001	$1,058
2 bedrooms	$1,090	$981	$1,199	$1,276
3 bedrooms	$1,370	$1,233	$1,507	$1,629
4 bedrooms	$1,600	$1,440	$1,760	$1,874

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

Shelby County, KY

$810Efficiency

$9101 bedroom

$1,0902 bedrooms

$1,3703 bedrooms

$1,6004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$810	$729	$891	$873
1 bedroom	$910	$819	$1,001	$998
2 bedrooms	$1,090	$981	$1,199	$1,149
3 bedrooms	$1,370	$1,233	$1,507	$1,369
4 bedrooms	$1,600	$1,440	$1,760	$1,692

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

Anderson County, KY

$810Efficiency

$9101 bedroom

$1,0902 bedrooms

$1,3703 bedrooms

$1,6004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$810	$729	$891	$801
1 bedroom	$910	$819	$1,001	$1,020
2 bedrooms	$1,090	$981	$1,199	$1,121
3 bedrooms	$1,370	$1,233	$1,507	$1,377
4 bedrooms	$1,600	$1,440	$1,760	$1,566

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

Income in ZIP 40046

$65,173average adjusted gross income per tax return (2022)

$51,959average salaries and wages per return

820tax returns filed

20%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	24.4%
$25,000 to $50,000	24.4%
$50,000 to $75,000	18.3%
$75,000 to $100,000	14.6%
$100,000 to $200,000	18.3%
$200,000 or more	0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 13.4% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 40046?

HUD's FY2027 Small Area FMRs for ZIP 40046 (Louisville, KY-IN) are $810 efficiency, $910 one bedroom, $1,090 two bedrooms, $1,370 three and $1,600 four bedrooms.

What payment standard can a housing authority set in ZIP 40046?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $981 to $1,199.

How affordable is rent in ZIP 40046?

Tax returns filed from ZIP 40046 reported an average adjusted gross income of $65,173 (2022). A two-bedroom unit at the Small Area FMR costs $13,080 a year, or 20% of that income.