ZIP 41010 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 41010 in the Grant County, KY FMR area.

Grant County, KY

$800Efficiency

$9801 bedroom

$1,1502 bedrooms

$1,5703 bedrooms

$1,7504 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$800	$720	$880	$840
1 bedroom	$980	$882	$1,078	$899
2 bedrooms	$1,150	$1,035	$1,265	$1,146
3 bedrooms	$1,570	$1,413	$1,727	$1,365
4 bedrooms	$1,750	$1,575	$1,925	$1,692

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

Lexington-Fayette, KY MSA

$800Efficiency

$9801 bedroom

$1,1502 bedrooms

$1,5703 bedrooms

$1,7504 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$800	$720	$880	$986
1 bedroom	$980	$882	$1,078	$1,205
2 bedrooms	$1,150	$1,035	$1,265	$1,416
3 bedrooms	$1,570	$1,413	$1,727	$1,948
4 bedrooms	$1,750	$1,575	$1,925	$2,108

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

Harrison County, KY

$800Efficiency

$9801 bedroom

$1,1502 bedrooms

$1,5703 bedrooms

$1,7504 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$800	$720	$880	$650
1 bedroom	$980	$882	$1,078	$725
2 bedrooms	$1,150	$1,035	$1,265	$909
3 bedrooms	$1,570	$1,413	$1,727	$1,259
4 bedrooms	$1,750	$1,575	$1,925	$1,389

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

Owen County, KY

$800Efficiency

$9801 bedroom

$1,1502 bedrooms

$1,5703 bedrooms

$1,7504 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$800	$720	$880	$730
1 bedroom	$980	$882	$1,078	$781
2 bedrooms	$1,150	$1,035	$1,265	$1,022
3 bedrooms	$1,570	$1,413	$1,727	$1,396
4 bedrooms	$1,750	$1,575	$1,925	$1,428

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

Income in ZIP 41010

$58,089average adjusted gross income per tax return (2022)

$45,540average salaries and wages per return

1,310tax returns filed

24%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	29.0%
$25,000 to $50,000	25.2%
$50,000 to $75,000	16.8%
$75,000 to $100,000	11.5%
$100,000 to $200,000	17.6%
$200,000 or more	0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 18.3% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 41010?

HUD's FY2027 Small Area FMRs for ZIP 41010 (Grant County, KY) are $800 efficiency, $980 one bedroom, $1,150 two bedrooms, $1,570 three and $1,750 four bedrooms.

What payment standard can a housing authority set in ZIP 41010?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,035 to $1,265.

How affordable is rent in ZIP 41010?

Tax returns filed from ZIP 41010 reported an average adjusted gross income of $58,089 (2022). A two-bedroom unit at the Small Area FMR costs $13,800 a year, or 24% of that income.