ZIP 40486 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 40486 in the Jackson County, KY FMR area.

Jackson County, KY

$660Efficiency

$7401 bedroom

$9302 bedrooms

$1,2103 bedrooms

$1,2504 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$660	$594	$726	$650
1 bedroom	$740	$666	$814	$695
2 bedrooms	$930	$837	$1,023	$909
3 bedrooms	$1,210	$1,089	$1,331	$1,190
4 bedrooms	$1,250	$1,125	$1,375	$1,195

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

Owsley County, KY

$660Efficiency

$7401 bedroom

$9302 bedrooms

$1,2103 bedrooms

$1,2504 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$660	$594	$726	$650
1 bedroom	$740	$666	$814	$725
2 bedrooms	$930	$837	$1,023	$909
3 bedrooms	$1,210	$1,089	$1,331	$1,099
4 bedrooms	$1,250	$1,125	$1,375	$1,270

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

Income in ZIP 40486

$50,790average adjusted gross income per tax return (2022)

$41,088average salaries and wages per return

780tax returns filed

22%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	34.6%
$25,000 to $50,000	28.2%
$50,000 to $75,000	16.7%
$75,000 to $100,000	9.0%
$100,000 to $200,000	11.5%
$200,000 or more	0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 28.2% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 40486?

HUD's FY2027 Small Area FMRs for ZIP 40486 (Jackson County, KY) are $660 efficiency, $740 one bedroom, $930 two bedrooms, $1,210 three and $1,250 four bedrooms.

What payment standard can a housing authority set in ZIP 40486?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $837 to $1,023.

How affordable is rent in ZIP 40486?

Tax returns filed from ZIP 40486 reported an average adjusted gross income of $50,790 (2022). A two-bedroom unit at the Small Area FMR costs $11,160 a year, or 22% of that income.