ZIP 41472 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 41472 in the Elliott County, KY FMR area.

Elliott County, KY

$650Efficiency

$7401 bedroom

$9102 bedrooms

$1,2603 bedrooms

$1,5004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$650	$585	$715	$650
1 bedroom	$740	$666	$814	$725
2 bedrooms	$910	$819	$1,001	$909
3 bedrooms	$1,260	$1,134	$1,386	$1,259
4 bedrooms	$1,500	$1,350	$1,650	$1,270

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

Magoffin County, KY

$650Efficiency

$7401 bedroom

$9102 bedrooms

$1,2603 bedrooms

$1,5004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$650	$585	$715	$650
1 bedroom	$740	$666	$814	$835
2 bedrooms	$910	$819	$1,001	$909
3 bedrooms	$1,260	$1,134	$1,386	$1,083
4 bedrooms	$1,500	$1,350	$1,650	$1,270

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

Menifee County, KY

$650Efficiency

$7401 bedroom

$9102 bedrooms

$1,2603 bedrooms

$1,5004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$650	$585	$715	$650
1 bedroom	$740	$666	$814	$725
2 bedrooms	$910	$819	$1,001	$909
3 bedrooms	$1,260	$1,134	$1,386	$1,162
4 bedrooms	$1,500	$1,350	$1,650	$1,270

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

Morgan County, KY

$650Efficiency

$7401 bedroom

$9102 bedrooms

$1,2603 bedrooms

$1,5004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$650	$585	$715	$650
1 bedroom	$740	$666	$814	$739
2 bedrooms	$910	$819	$1,001	$909
3 bedrooms	$1,260	$1,134	$1,386	$1,256
4 bedrooms	$1,500	$1,350	$1,650	$1,503

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

Rowan County, KY

$650Efficiency

$7401 bedroom

$9102 bedrooms

$1,2603 bedrooms

$1,5004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$650	$585	$715	$701
1 bedroom	$740	$666	$814	$791
2 bedrooms	$910	$819	$1,001	$977
3 bedrooms	$1,260	$1,134	$1,386	$1,252
4 bedrooms	$1,500	$1,350	$1,650	$1,633

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

Income in ZIP 41472

$54,701average adjusted gross income per tax return (2022)

$37,101average salaries and wages per return

3,230tax returns filed

20%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	34.4%
$25,000 to $50,000	28.2%
$50,000 to $75,000	15.8%
$75,000 to $100,000	9.9%
$100,000 to $200,000	9.9%
$200,000 or more	1.9%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 23.8% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 41472?

HUD's FY2027 Small Area FMRs for ZIP 41472 (Elliott County, KY) are $650 efficiency, $740 one bedroom, $910 two bedrooms, $1,260 three and $1,500 four bedrooms.

What payment standard can a housing authority set in ZIP 41472?

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 41472?

Tax returns filed from ZIP 41472 reported an average adjusted gross income of $54,701 (2022). A two-bedroom unit at the Small Area FMR costs $10,920 a year, or 20% of that income.