ZIP 41216 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 41216 in the Floyd County, KY FMR area.

Floyd County, KY

$660Efficiency

$7601 bedroom

$9302 bedrooms

$1,2103 bedrooms

$1,3104 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$660	$594	$726	$661
1 bedroom	$760	$684	$836	$707
2 bedrooms	$930	$837	$1,023	$925
3 bedrooms	$1,210	$1,089	$1,331	$1,230
4 bedrooms	$1,310	$1,179	$1,441	$1,246

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

Johnson County, KY

$660Efficiency

$7601 bedroom

$9302 bedrooms

$1,2103 bedrooms

$1,3104 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$660	$594	$726	$650
1 bedroom	$760	$684	$836	$788
2 bedrooms	$930	$837	$1,023	$909
3 bedrooms	$1,210	$1,089	$1,331	$1,186
4 bedrooms	$1,310	$1,179	$1,441	$1,308

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

Income in ZIP 41216

$59,514average adjusted gross income per tax return (2022)

$47,068average salaries and wages per return

440tax returns filed

19%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	31.8%
$25,000 to $50,000	22.7%
$50,000 to $75,000	18.2%
$75,000 to $100,000	9.1%
$100,000 to $200,000	18.2%
$200,000 or more	0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 22.7% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 41216?

HUD's FY2027 Small Area FMRs for ZIP 41216 (Floyd County, KY) are $660 efficiency, $760 one bedroom, $930 two bedrooms, $1,210 three and $1,310 four bedrooms.

What payment standard can a housing authority set in ZIP 41216?

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 41216?

Tax returns filed from ZIP 41216 reported an average adjusted gross income of $59,514 (2022). A two-bedroom unit at the Small Area FMR costs $11,160 a year, or 19% of that income.