ZIP 40068 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 40068 in the Louisville, KY-IN FMR area.

Louisville, KY-IN

$990Efficiency
$1,0801 bedroom
$1,3002 bedrooms
$1,6503 bedrooms
$1,9104 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$990$891$1,089$976
1 bedroom$1,080$972$1,188$1,058
2 bedrooms$1,300$1,170$1,430$1,276
3 bedrooms$1,650$1,485$1,815$1,629
4 bedrooms$1,910$1,719$2,101$1,874

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

Shelby County, KY

$990Efficiency
$1,0801 bedroom
$1,3002 bedrooms
$1,6503 bedrooms
$1,9104 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$990$891$1,089$873
1 bedroom$1,080$972$1,188$998
2 bedrooms$1,300$1,170$1,430$1,149
3 bedrooms$1,650$1,485$1,815$1,369
4 bedrooms$1,910$1,719$2,101$1,692

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

Income in ZIP 40068

$91,863average adjusted gross income per tax return (2022)
$65,746average salaries and wages per return
1,300tax returns filed
17%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00026.2%
$25,000 to $50,00019.2%
$50,000 to $75,00012.3%
$75,000 to $100,00010.0%
$100,000 to $200,00022.3%
$200,000 or more10.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 10.0% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 40068?

HUD's FY2027 Small Area FMRs for ZIP 40068 (Louisville, KY-IN) are $990 efficiency, $1,080 one bedroom, $1,300 two bedrooms, $1,650 three and $1,910 four bedrooms.

What payment standard can a housing authority set in ZIP 40068?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,170 to $1,430.

How affordable is rent in ZIP 40068?

Tax returns filed from ZIP 40068 reported an average adjusted gross income of $91,863 (2022). A two-bedroom unit at the Small Area FMR costs $15,600 a year, or 17% of that income.