ZIP 40076 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 40076 in the Louisville, KY-IN FMR area.

Louisville, KY-IN

$840Efficiency

$1,0001 bedroom

$1,1502 bedrooms

$1,4103 bedrooms

$1,7004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$840	$756	$924	$976
1 bedroom	$1,000	$900	$1,100	$1,058
2 bedrooms	$1,150	$1,035	$1,265	$1,276
3 bedrooms	$1,410	$1,269	$1,551	$1,629
4 bedrooms	$1,700	$1,530	$1,870	$1,874

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

Shelby County, KY

$840Efficiency

$1,0001 bedroom

$1,1502 bedrooms

$1,4103 bedrooms

$1,7004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$840	$756	$924	$873
1 bedroom	$1,000	$900	$1,100	$998
2 bedrooms	$1,150	$1,035	$1,265	$1,149
3 bedrooms	$1,410	$1,269	$1,551	$1,369
4 bedrooms	$1,700	$1,530	$1,870	$1,692

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

Anderson County, KY

$840Efficiency

$1,0001 bedroom

$1,1502 bedrooms

$1,4103 bedrooms

$1,7004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$840	$756	$924	$801
1 bedroom	$1,000	$900	$1,100	$1,020
2 bedrooms	$1,150	$1,035	$1,265	$1,121
3 bedrooms	$1,410	$1,269	$1,551	$1,377
4 bedrooms	$1,700	$1,530	$1,870	$1,566

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

Franklin County, KY

$840Efficiency

$1,0001 bedroom

$1,1502 bedrooms

$1,4103 bedrooms

$1,7004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$840	$756	$924	$797
1 bedroom	$1,000	$900	$1,100	$909
2 bedrooms	$1,150	$1,035	$1,265	$1,145
3 bedrooms	$1,410	$1,269	$1,551	$1,466
4 bedrooms	$1,700	$1,530	$1,870	$1,811

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

Income in ZIP 40076

$70,454average adjusted gross income per tax return (2022)

$46,402average salaries and wages per return

1,260tax returns filed

20%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	24.6%
$25,000 to $50,000	24.6%
$50,000 to $75,000	17.5%
$75,000 to $100,000	11.9%
$100,000 to $200,000	17.5%
$200,000 or more	4.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 12.7% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 40076?

HUD's FY2027 Small Area FMRs for ZIP 40076 (Louisville, KY-IN) are $840 efficiency, $1,000 one bedroom, $1,150 two bedrooms, $1,410 three and $1,700 four bedrooms.

What payment standard can a housing authority set in ZIP 40076?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,035 to $1,265.

How affordable is rent in ZIP 40076?

Tax returns filed from ZIP 40076 reported an average adjusted gross income of $70,454 (2022). A two-bedroom unit at the Small Area FMR costs $13,800 a year, or 20% of that income.