ZIP 40337 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 40337 in the Montgomery County, KY FMR area.

Montgomery County, KY

$690Efficiency

$7401 bedroom

$9702 bedrooms

$1,2703 bedrooms

$1,3104 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$690	$621	$759	$717
1 bedroom	$740	$666	$814	$767
2 bedrooms	$970	$873	$1,067	$1,004
3 bedrooms	$1,270	$1,143	$1,397	$1,314
4 bedrooms	$1,310	$1,179	$1,441	$1,320

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

Powell County, KY

$690Efficiency

$7401 bedroom

$9702 bedrooms

$1,2703 bedrooms

$1,3104 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$690	$621	$759	$650
1 bedroom	$740	$666	$814	$695
2 bedrooms	$970	$873	$1,067	$909
3 bedrooms	$1,270	$1,143	$1,397	$1,259
4 bedrooms	$1,310	$1,179	$1,441	$1,519

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

Income in ZIP 40337

$49,037average adjusted gross income per tax return (2022)

$40,626average salaries and wages per return

2,150tax returns filed

24%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	34.4%
$25,000 to $50,000	28.4%
$50,000 to $75,000	16.3%
$75,000 to $100,000	10.2%
$100,000 to $200,000	9.8%
$200,000 or more	0.9%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 26.5% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 40337?

HUD's FY2027 Small Area FMRs for ZIP 40337 (Montgomery County, KY) are $690 efficiency, $740 one bedroom, $970 two bedrooms, $1,270 three and $1,310 four bedrooms.

What payment standard can a housing authority set in ZIP 40337?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $873 to $1,067.

How affordable is rent in ZIP 40337?

Tax returns filed from ZIP 40337 reported an average adjusted gross income of $49,037 (2022). A two-bedroom unit at the Small Area FMR costs $11,640 a year, or 24% of that income.