ZIP 40340 Fair Market Rent FY2027
Small Area Fair Market Rents for ZIP code 40340 in the Lexington-Fayette, KY MSA FMR area.
$930Efficiency
$1,1301 bedroom
$1,3302 bedrooms
$1,8303 bedrooms
$1,9804 bedrooms
Payment standard range
| Unit size | SAFMR | 90% | 110% | Metro FMR |
|---|---|---|---|---|
| Efficiency | $930 | $837 | $1,023 | $986 |
| 1 bedroom | $1,130 | $1,017 | $1,243 | $1,205 |
| 2 bedrooms | $1,330 | $1,197 | $1,463 | $1,416 |
| 3 bedrooms | $1,830 | $1,647 | $2,013 | $1,948 |
| 4 bedrooms | $1,980 | $1,782 | $2,178 | $2,108 |
Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.
Questions and answers
What is the Small Area Fair Market Rent for ZIP code 40340?
HUD's FY2027 Small Area FMRs for ZIP 40340 (Lexington-Fayette, KY MSA) are $930 efficiency, $1,130 one bedroom, $1,330 two bedrooms, $1,830 three and $1,980 four bedrooms.
What payment standard can a housing authority set in ZIP 40340?
Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,197 to $1,463.