ZIP 40965 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 40965 in the Bell County, KY FMR area.

Bell County, KY

$690Efficiency

$8601 bedroom

$1,0002 bedrooms

$1,2403 bedrooms

$1,4804 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$690	$621	$759	$633
1 bedroom	$860	$774	$946	$787
2 bedrooms	$1,000	$900	$1,100	$909
3 bedrooms	$1,240	$1,116	$1,364	$1,133
4 bedrooms	$1,480	$1,332	$1,628	$1,352

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

Claiborne County, TN

$690Efficiency

$8601 bedroom

$1,0002 bedrooms

$1,2403 bedrooms

$1,4804 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$690	$621	$759	$761
1 bedroom	$860	$774	$946	$914
2 bedrooms	$1,000	$900	$1,100	$995
3 bedrooms	$1,240	$1,116	$1,364	$1,239
4 bedrooms	$1,480	$1,332	$1,628	$1,391

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

Income in ZIP 40965

$43,422average adjusted gross income per tax return (2022)

$31,578average salaries and wages per return

4,360tax returns filed

28%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	45.4%
$25,000 to $50,000	28.4%
$50,000 to $75,000	11.7%
$75,000 to $100,000	6.4%
$100,000 to $200,000	6.7%
$200,000 or more	1.4%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 33.9% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 40965?

HUD's FY2027 Small Area FMRs for ZIP 40965 (Bell County, KY) are $690 efficiency, $860 one bedroom, $1,000 two bedrooms, $1,240 three and $1,480 four bedrooms.

What payment standard can a housing authority set in ZIP 40965?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $900 to $1,100.

How affordable is rent in ZIP 40965?

Tax returns filed from ZIP 40965 reported an average adjusted gross income of $43,422 (2022). A two-bedroom unit at the Small Area FMR costs $12,000 a year, or 28% of that income.