ZIP 41701 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 41701 in the Knott County, KY FMR area.

Knott County, KY

$740Efficiency
$7901 bedroom
$1,0302 bedrooms
$1,2303 bedrooms
$1,3604 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$740$666$814$702
1 bedroom$790$711$869$784
2 bedrooms$1,030$927$1,133$983
3 bedrooms$1,230$1,107$1,353$1,171
4 bedrooms$1,360$1,224$1,496$1,374

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

Perry County, KY

$740Efficiency
$7901 bedroom
$1,0302 bedrooms
$1,2303 bedrooms
$1,3604 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$740$666$814$722
1 bedroom$790$711$869$772
2 bedrooms$1,030$927$1,133$1,010
3 bedrooms$1,230$1,107$1,353$1,203
4 bedrooms$1,360$1,224$1,496$1,327

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

Income in ZIP 41701

$64,064average adjusted gross income per tax return (2022)
$46,204average salaries and wages per return
4,390tax returns filed
19%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00035.3%
$25,000 to $50,00026.2%
$50,000 to $75,00013.7%
$75,000 to $100,0009.1%
$100,000 to $200,00012.1%
$200,000 or more3.6%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 27.1% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 41701?

HUD's FY2027 Small Area FMRs for ZIP 41701 (Knott County, KY) are $740 efficiency, $790 one bedroom, $1,030 two bedrooms, $1,230 three and $1,360 four bedrooms.

What payment standard can a housing authority set in ZIP 41701?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $927 to $1,133.

How affordable is rent in ZIP 41701?

Tax returns filed from ZIP 41701 reported an average adjusted gross income of $64,064 (2022). A two-bedroom unit at the Small Area FMR costs $12,360 a year, or 19% of that income.