ZIP 40177 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 40177 in the Elizabethtown, KY FMR area.

Elizabethtown, KY

$790Efficiency

$8201 bedroom

$1,0102 bedrooms

$1,3803 bedrooms

$1,6404 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$790	$711	$869	$860
1 bedroom	$820	$738	$902	$866
2 bedrooms	$1,010	$909	$1,111	$1,087
3 bedrooms	$1,380	$1,242	$1,518	$1,505
4 bedrooms	$1,640	$1,476	$1,804	$1,817

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

Louisville, KY-IN

$790Efficiency

$8201 bedroom

$1,0102 bedrooms

$1,3803 bedrooms

$1,6404 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$790	$711	$869	$976
1 bedroom	$820	$738	$902	$1,058
2 bedrooms	$1,010	$909	$1,111	$1,276
3 bedrooms	$1,380	$1,242	$1,518	$1,629
4 bedrooms	$1,640	$1,476	$1,804	$1,874

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

Income in ZIP 40177

$51,741average adjusted gross income per tax return (2022)

$39,404average salaries and wages per return

680tax returns filed

23%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	30.9%
$25,000 to $50,000	32.4%
$50,000 to $75,000	14.7%
$75,000 to $100,000	8.8%
$100,000 to $200,000	13.2%
$200,000 or more	0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 23.5% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 40177?

HUD's FY2027 Small Area FMRs for ZIP 40177 (Elizabethtown, KY) are $790 efficiency, $820 one bedroom, $1,010 two bedrooms, $1,380 three and $1,640 four bedrooms.

What payment standard can a housing authority set in ZIP 40177?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $909 to $1,111.

How affordable is rent in ZIP 40177?

Tax returns filed from ZIP 40177 reported an average adjusted gross income of $51,741 (2022). A two-bedroom unit at the Small Area FMR costs $12,120 a year, or 23% of that income.