ZIP 40472 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 40472 in the Estill County, KY FMR area.

Estill County, KY

$740Efficiency

$9601 bedroom

$1,0402 bedrooms

$1,3203 bedrooms

$1,5804 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$740	$666	$814	$650
1 bedroom	$960	$864	$1,056	$835
2 bedrooms	$1,040	$936	$1,144	$909
3 bedrooms	$1,320	$1,188	$1,452	$1,150
4 bedrooms	$1,580	$1,422	$1,738	$1,383

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

Powell County, KY

$740Efficiency

$9601 bedroom

$1,0402 bedrooms

$1,3203 bedrooms

$1,5804 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$740	$666	$814	$650
1 bedroom	$960	$864	$1,056	$695
2 bedrooms	$1,040	$936	$1,144	$909
3 bedrooms	$1,320	$1,188	$1,452	$1,259
4 bedrooms	$1,580	$1,422	$1,738	$1,519

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

Income in ZIP 40472

$43,244average adjusted gross income per tax return (2022)

$34,544average salaries and wages per return

570tax returns filed

29%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	36.8%
$25,000 to $50,000	29.8%
$50,000 to $75,000	15.8%
$75,000 to $100,000	8.8%
$100,000 to $200,000	8.8%
$200,000 or more	0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 28.1% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 40472?

HUD's FY2027 Small Area FMRs for ZIP 40472 (Estill County, KY) are $740 efficiency, $960 one bedroom, $1,040 two bedrooms, $1,320 three and $1,580 four bedrooms.

What payment standard can a housing authority set in ZIP 40472?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $936 to $1,144.

How affordable is rent in ZIP 40472?

Tax returns filed from ZIP 40472 reported an average adjusted gross income of $43,244 (2022). A two-bedroom unit at the Small Area FMR costs $12,480 a year, or 29% of that income.