Location: Louisville, KY | Metro: Louisville, KY-IN HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $990 |
| 1 Bedroom | $1,080 |
| 2 Bedrooms | $1,300 |
| 3 Bedrooms | $1,660 |
| 4 Bedrooms | $1,910 |
| 5 Bedrooms | $2,216 |
| 6 Bedrooms | $2,482 |
| 7 Bedrooms | $2,681 |
| 8 Bedrooms | $2,815 |
The ZIP code 40018 in Louisville County, Kentucky, stands out due to limited data availability, which includes non-disclosed figures for the number of residents, percentage renting, median income, and median home value. This scarcity of specific data points makes it challenging to provide a detailed demographic analysis but highlights the importance of relying on other indicators such as housing costs and rental assistance programs.
In terms of voucher economics, the Fair Market Rent (FMR) for ZIP 40018 has been set at $1320 for fiscal year 2024. While the exact market rent is undisclosed, the FMR serves as a benchmark for rental assistance payments. Landlords and small-portfolio investors should note that this figure represents the maximum amount paid by the Housing Choice Voucher program, commonly known as Section 8, for a standard unit in the area. This can be particularly useful when setting rents for properties that participate in the program.
The lack of comprehensive data on residents and income levels suggests that the economic conditions within ZIP 40018 may be transitional. Without concrete figures on population dynamics and income distribution, it's difficult to assess long-term stability. However, the presence of a defined FMR indicates ongoing support for affordable housing through the Section 8 program, which can help stabilize the rental market. For investors, this means keeping an eye on broader trends in Louisville County while leveraging the consistent demand for rental assistance.
Data Sources: FMR data from HUD (2027).
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.