ZIP 40210 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 40210 in the Louisville, KY-IN FMR area.

$860Efficiency
$9401 bedroom
$1,1302 bedrooms
$1,4403 bedrooms
$1,6604 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$860$774$946$976
1 bedroom$940$846$1,034$1,058
2 bedrooms$1,130$1,017$1,243$1,276
3 bedrooms$1,440$1,296$1,584$1,629
4 bedrooms$1,660$1,494$1,826$1,874

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

Income in ZIP 40210

$30,226average adjusted gross income per tax return (2022)
$25,079average salaries and wages per return
5,300tax returns filed
45%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00051.1%
$25,000 to $50,00032.8%
$50,000 to $75,00011.1%
$75,000 to $100,0003.2%
$100,000 to $200,0001.7%
$200,000 or more0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 43.4% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 40210?

HUD's FY2027 Small Area FMRs for ZIP 40210 (Louisville, KY-IN) are $860 efficiency, $940 one bedroom, $1,130 two bedrooms, $1,440 three and $1,660 four bedrooms.

What payment standard can a housing authority set in ZIP 40210?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,017 to $1,243.

How affordable is rent in ZIP 40210?

Tax returns filed from ZIP 40210 reported an average adjusted gross income of $30,226 (2022). A two-bedroom unit at the Small Area FMR costs $13,560 a year, or 45% of that income.