ZIP 40065 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 40065 in the Louisville, KY-IN FMR area.

Louisville, KY-IN

$880Efficiency
$1,0101 bedroom
$1,1602 bedrooms
$1,3803 bedrooms
$1,7104 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$880$792$968$976
1 bedroom$1,010$909$1,111$1,058
2 bedrooms$1,160$1,044$1,276$1,276
3 bedrooms$1,380$1,242$1,518$1,629
4 bedrooms$1,710$1,539$1,881$1,874

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

Shelby County, KY

$880Efficiency
$1,0101 bedroom
$1,1602 bedrooms
$1,3803 bedrooms
$1,7104 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$880$792$968$873
1 bedroom$1,010$909$1,111$998
2 bedrooms$1,160$1,044$1,276$1,149
3 bedrooms$1,380$1,242$1,518$1,369
4 bedrooms$1,710$1,539$1,881$1,692

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

Income in ZIP 40065

$73,914average adjusted gross income per tax return (2022)
$52,080average salaries and wages per return
15,060tax returns filed
19%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00026.5%
$25,000 to $50,00025.4%
$50,000 to $75,00015.5%
$75,000 to $100,00010.4%
$100,000 to $200,00017.7%
$200,000 or more4.4%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 14.3% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 40065?

HUD's FY2027 Small Area FMRs for ZIP 40065 (Louisville, KY-IN) are $880 efficiency, $1,010 one bedroom, $1,160 two bedrooms, $1,380 three and $1,710 four bedrooms.

What payment standard can a housing authority set in ZIP 40065?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,044 to $1,276.

How affordable is rent in ZIP 40065?

Tax returns filed from ZIP 40065 reported an average adjusted gross income of $73,914 (2022). A two-bedroom unit at the Small Area FMR costs $13,920 a year, or 19% of that income.