ZIP 40140 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 40140 in the Elizabethtown, KY FMR area.

Elizabethtown, KY

$760Efficiency

$7701 bedroom

$9602 bedrooms

$1,3303 bedrooms

$1,6004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$760	$684	$836	$860
1 bedroom	$770	$693	$847	$866
2 bedrooms	$960	$864	$1,056	$1,087
3 bedrooms	$1,330	$1,197	$1,463	$1,505
4 bedrooms	$1,600	$1,440	$1,760	$1,817

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

Breckinridge County, KY

$760Efficiency

$7701 bedroom

$9602 bedrooms

$1,3303 bedrooms

$1,6004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$760	$684	$836	$695
1 bedroom	$770	$693	$847	$720
2 bedrooms	$960	$864	$1,056	$909
3 bedrooms	$1,330	$1,197	$1,463	$1,259
4 bedrooms	$1,600	$1,440	$1,760	$1,329

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

Income in ZIP 40140

$52,674average adjusted gross income per tax return (2022)

$42,782average salaries and wages per return

340tax returns filed

22%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	32.4%
$25,000 to $50,000	29.4%
$50,000 to $75,000	17.6%
$75,000 to $100,000	8.8%
$100,000 to $200,000	11.8%
$200,000 or more	0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 17.6% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 40140?

HUD's FY2027 Small Area FMRs for ZIP 40140 (Elizabethtown, KY) are $760 efficiency, $770 one bedroom, $960 two bedrooms, $1,330 three and $1,600 four bedrooms.

What payment standard can a housing authority set in ZIP 40140?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $864 to $1,056.

How affordable is rent in ZIP 40140?

Tax returns filed from ZIP 40140 reported an average adjusted gross income of $52,674 (2022). A two-bedroom unit at the Small Area FMR costs $11,520 a year, or 22% of that income.