Section 8 Fair Market Rent (FMR) for ZIP 40011 - 2027
Location: Trimble County, KY | Metro: Louisville, KY-IN HUD Metro FMR Area
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $770 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,480 |
| 5 Bedrooms | $1,717 |
| 6 Bedrooms | $1,923 |
| 7 Bedrooms | $2,077 |
| 8 Bedrooms | $2,181 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$70,881
Housing Authorities Serving ZIP 40011
To determine if you should buy in ZIP 40011 (Campbellsburg, KY) for Section 8, follow these steps:
Step 1: Debt Service Coverage Ratio (DSCR)
- If the Fair Market Rent (FMR) of $1100 per month can cover the debt service on a property valued at $228,823, proceed to Step 2.
- Otherwise, do not invest in this area. The DSCR must be at least 1 for the investment to break even.
Step 2: Market Rent vs. FMR
- If the market rent of $879 is below the FMR of $1100, proceed to Step 3. This indicates that Section 8 tenants would pay more than the average market rent, making it a favorable investment.
- If the market rent is equal to or above the FMR, reconsider your investment. There is no financial advantage in renting to Section 8 tenants over market-rate tenants.
Step 3: Demand Analysis
- If the rental market has sufficient demand, characterized by 15.7% of residents being renters and the days on market (DOM) being N/A (likely indicating a low turnover rate), then invest in this area. The combination of a reasonable percentage of renters and low DOM suggests stable demand.
- If either the percentage of renters is too low or the DOM is high, it depends. A deeper analysis of the local housing market trends and tenant demographics might be necessary to confirm whether the demand will sustain the investment.
In summary, for ZIP 40011, if the FMR covers the debt service, the market rent is below the FMR, and there is a steady demand with a low turnover rate, then the answer is yes. If any of these conditions are not met, the decision becomes no or it depends, requiring further investigation into local market specifics.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.