ZIP 41230 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 41230 in the Lawrence County, KY FMR area.

Lawrence County, KY

$790Efficiency

$8001 bedroom

$9702 bedrooms

$1,1603 bedrooms

$1,3704 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$790	$711	$869	$794
1 bedroom	$800	$720	$880	$799
2 bedrooms	$970	$873	$1,067	$971
3 bedrooms	$1,160	$1,044	$1,276	$1,157
4 bedrooms	$1,370	$1,233	$1,507	$1,372

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

Floyd County, KY

$790Efficiency

$8001 bedroom

$9702 bedrooms

$1,1603 bedrooms

$1,3704 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$790	$711	$869	$661
1 bedroom	$800	$720	$880	$707
2 bedrooms	$970	$873	$1,067	$925
3 bedrooms	$1,160	$1,044	$1,276	$1,230
4 bedrooms	$1,370	$1,233	$1,507	$1,246

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

Martin County, KY

$790Efficiency

$8001 bedroom

$9702 bedrooms

$1,1603 bedrooms

$1,3704 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$790	$711	$869	$650
1 bedroom	$800	$720	$880	$725
2 bedrooms	$970	$873	$1,067	$909
3 bedrooms	$1,160	$1,044	$1,276	$1,133
4 bedrooms	$1,370	$1,233	$1,507	$1,270

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

Income in ZIP 41230

$57,514average adjusted gross income per tax return (2022)

$43,178average salaries and wages per return

4,290tax returns filed

20%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	34.0%
$25,000 to $50,000	26.6%
$50,000 to $75,000	14.0%
$75,000 to $100,000	10.0%
$100,000 to $200,000	13.5%
$200,000 or more	1.9%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 24.7% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 41230?

HUD's FY2027 Small Area FMRs for ZIP 41230 (Lawrence County, KY) are $790 efficiency, $800 one bedroom, $970 two bedrooms, $1,160 three and $1,370 four bedrooms.

What payment standard can a housing authority set in ZIP 41230?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $873 to $1,067.

How affordable is rent in ZIP 41230?

Tax returns filed from ZIP 41230 reported an average adjusted gross income of $57,514 (2022). A two-bedroom unit at the Small Area FMR costs $11,640 a year, or 20% of that income.