ZIP 40348 Fair Market Rent FY2027
Small Area Fair Market Rents for ZIP code 40348 in the Lexington-Fayette, KY MSA FMR area.
Lexington-Fayette, KY MSA
$800Efficiency
$9801 bedroom
$1,1502 bedrooms
$1,5703 bedrooms
$1,7504 bedrooms
Payment standard range
| Unit size | SAFMR | 90% | 110% | Metro FMR |
|---|---|---|---|---|
| Efficiency | $800 | $720 | $880 | $986 |
| 1 bedroom | $980 | $882 | $1,078 | $1,205 |
| 2 bedrooms | $1,150 | $1,035 | $1,265 | $1,416 |
| 3 bedrooms | $1,570 | $1,413 | $1,727 | $1,948 |
| 4 bedrooms | $1,750 | $1,575 | $1,925 | $2,108 |
Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.
Nicholas County, KY
$800Efficiency
$9801 bedroom
$1,1502 bedrooms
$1,5703 bedrooms
$1,7504 bedrooms
Payment standard range
| Unit size | SAFMR | 90% | 110% | Metro FMR |
|---|---|---|---|---|
| Efficiency | $800 | $720 | $880 | $650 |
| 1 bedroom | $980 | $882 | $1,078 | $819 |
| 2 bedrooms | $1,150 | $1,035 | $1,265 | $909 |
| 3 bedrooms | $1,570 | $1,413 | $1,727 | $1,259 |
| 4 bedrooms | $1,750 | $1,575 | $1,925 | $1,270 |
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 40348?
HUD's FY2027 Small Area FMRs for ZIP 40348 (Lexington-Fayette, KY MSA) are $800 efficiency, $980 one bedroom, $1,150 two bedrooms, $1,570 three and $1,750 four bedrooms.
What payment standard can a housing authority set in ZIP 40348?
Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,035 to $1,265.