ZIP 41171 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 41171 in the Elliott County, KY FMR area.

Elliott County, KY

$680Efficiency

$7601 bedroom

$9502 bedrooms

$1,3203 bedrooms

$1,3304 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$680	$612	$748	$650
1 bedroom	$760	$684	$836	$725
2 bedrooms	$950	$855	$1,045	$909
3 bedrooms	$1,320	$1,188	$1,452	$1,259
4 bedrooms	$1,330	$1,197	$1,463	$1,270

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

Morgan County, KY

$680Efficiency

$7601 bedroom

$9502 bedrooms

$1,3203 bedrooms

$1,3304 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$680	$612	$748	$650
1 bedroom	$760	$684	$836	$739
2 bedrooms	$950	$855	$1,045	$909
3 bedrooms	$1,320	$1,188	$1,452	$1,256
4 bedrooms	$1,330	$1,197	$1,463	$1,503

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

Income in ZIP 41171

$51,521average adjusted gross income per tax return (2022)

$37,775average salaries and wages per return

1,320tax returns filed

22%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	34.1%
$25,000 to $50,000	26.5%
$50,000 to $75,000	17.4%
$75,000 to $100,000	9.8%
$100,000 to $200,000	10.6%
$200,000 or more	1.5%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 25.0% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 41171?

HUD's FY2027 Small Area FMRs for ZIP 41171 (Elliott County, KY) are $680 efficiency, $760 one bedroom, $950 two bedrooms, $1,320 three and $1,330 four bedrooms.

What payment standard can a housing authority set in ZIP 41171?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $855 to $1,045.

How affordable is rent in ZIP 41171?

Tax returns filed from ZIP 41171 reported an average adjusted gross income of $51,521 (2022). A two-bedroom unit at the Small Area FMR costs $11,400 a year, or 22% of that income.