ZIP 40972 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 40972 in the Clay County, KY FMR area.

Clay County, KY

$650Efficiency

$8401 bedroom

$9102 bedrooms

$1,2603 bedrooms

$1,2704 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$650	$585	$715	$650
1 bedroom	$840	$756	$924	$835
2 bedrooms	$910	$819	$1,001	$909
3 bedrooms	$1,260	$1,134	$1,386	$1,254
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.

Leslie County, KY

$650Efficiency

$8401 bedroom

$9102 bedrooms

$1,2603 bedrooms

$1,2704 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$650	$585	$715	$650
1 bedroom	$840	$756	$924	$774
2 bedrooms	$910	$819	$1,001	$909
3 bedrooms	$1,260	$1,134	$1,386	$1,183
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.

Perry County, KY

$650Efficiency

$8401 bedroom

$9102 bedrooms

$1,2603 bedrooms

$1,2704 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$650	$585	$715	$722
1 bedroom	$840	$756	$924	$772
2 bedrooms	$910	$819	$1,001	$1,010
3 bedrooms	$1,260	$1,134	$1,386	$1,203
4 bedrooms	$1,270	$1,143	$1,397	$1,327

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

Income in ZIP 40972

$37,034average adjusted gross income per tax return (2022)

$27,916average salaries and wages per return

380tax returns filed

29%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	44.7%
$25,000 to $50,000	28.9%
$50,000 to $75,000	15.8%
$75,000 to $100,000	5.3%
$100,000 to $200,000	5.3%
$200,000 or more	0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 36.8% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 40972?

HUD's FY2027 Small Area FMRs for ZIP 40972 (Clay County, KY) are $650 efficiency, $840 one bedroom, $910 two bedrooms, $1,260 three and $1,270 four bedrooms.

What payment standard can a housing authority set in ZIP 40972?

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 40972?

Tax returns filed from ZIP 40972 reported an average adjusted gross income of $37,034 (2022). A two-bedroom unit at the Small Area FMR costs $10,920 a year, or 29% of that income.