ZIP 40445 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 40445 in the Jackson County, KY FMR area.

Jackson County, KY

$650Efficiency

$8101 bedroom

$9102 bedrooms

$1,1703 bedrooms

$1,2704 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$650	$585	$715	$650
1 bedroom	$810	$729	$891	$695
2 bedrooms	$910	$819	$1,001	$909
3 bedrooms	$1,170	$1,053	$1,287	$1,190
4 bedrooms	$1,270	$1,143	$1,397	$1,195

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

Rockcastle County, KY

$650Efficiency

$8101 bedroom

$9102 bedrooms

$1,1703 bedrooms

$1,2704 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$650	$585	$715	$650
1 bedroom	$810	$729	$891	$810
2 bedrooms	$910	$819	$1,001	$909
3 bedrooms	$1,170	$1,053	$1,287	$1,174
4 bedrooms	$1,270	$1,143	$1,397	$1,270

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

Income in ZIP 40445

$40,771average adjusted gross income per tax return (2022)

$31,436average salaries and wages per return

280tax returns filed

27%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	42.9%
$25,000 to $50,000	28.6%
$50,000 to $75,000	14.3%
$75,000 to $100,000	14.3%
$100,000 to $200,000	0.0%
$200,000 or more	0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 28.6% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 40445?

HUD's FY2027 Small Area FMRs for ZIP 40445 (Jackson County, KY) are $650 efficiency, $810 one bedroom, $910 two bedrooms, $1,170 three and $1,270 four bedrooms.

What payment standard can a housing authority set in ZIP 40445?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $819 to $1,001.

How affordable is rent in ZIP 40445?

Tax returns filed from ZIP 40445 reported an average adjusted gross income of $40,771 (2022). A two-bedroom unit at the Small Area FMR costs $10,920 a year, or 27% of that income.