ZIP 40219 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 40219 in the Louisville, KY-IN FMR area.

$940Efficiency
$1,0201 bedroom
$1,2302 bedrooms
$1,5703 bedrooms
$1,8104 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$940$846$1,034$976
1 bedroom$1,020$918$1,122$1,058
2 bedrooms$1,230$1,107$1,353$1,276
3 bedrooms$1,570$1,413$1,727$1,629
4 bedrooms$1,810$1,629$1,991$1,874

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

Income in ZIP 40219

$43,332average adjusted gross income per tax return (2022)
$35,295average salaries and wages per return
19,300tax returns filed
34%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00035.0%
$25,000 to $50,00035.3%
$50,000 to $75,00015.3%
$75,000 to $100,0007.0%
$100,000 to $200,0006.8%
$200,000 or more0.5%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 25.8% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 40219?

HUD's FY2027 Small Area FMRs for ZIP 40219 (Louisville, KY-IN) are $940 efficiency, $1,020 one bedroom, $1,230 two bedrooms, $1,570 three and $1,810 four bedrooms.

What payment standard can a housing authority set in ZIP 40219?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,107 to $1,353.

How affordable is rent in ZIP 40219?

Tax returns filed from ZIP 40219 reported an average adjusted gross income of $43,332 (2022). A two-bedroom unit at the Small Area FMR costs $14,760 a year, or 34% of that income.