Section 8 Fair Market Rent (FMR) for ZIP 40049 - 2027

Location: Marion County, KY | Metro: Marion County, KY

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$650
1 Bedroom	$730
2 Bedrooms	$910
3 Bedrooms	$1,140
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)

Population

108

Median Household Income

$N/A

Housing Units

Renter Percentage

N/A

Occupancy Rate

N/A

Renter Occupied

The ZIP code 40049 is situated in Nerinx, Kentucky, a small rural area that is part of the larger Louisville-Jefferson County metro division. Despite its small size, understanding the housing market here can provide valuable insights for landlords and small-portfolio investors.

Fair Market Rent (FMR): For ZIP 40049, the Fair Market Rent for a two-bedroom apartment as of fiscal year 2026 is set at $870.
Population Density: The area has a slightly lower than average population density compared to other ZIP codes in the United States.
Median Age: The median age in ZIP 40049 is 87.4 years, which is significantly older than both the state and national averages.
No Household Data: ZIP Code 40049 does not have any household data recorded, indicating it is primarily used for PO Box deliveries.
Limited Economic Data: Due to its nature as a PO Box-only ZIP, there is no available employment or median income data for the area.

The high Fair Market Rent and the older demographic suggest a potential niche market for specialized rental properties catering to retirees or those seeking quiet rural living. However, the lack of household and employment data means that the area's demand for rentals is uncertain. Investors should proceed with caution, considering the limited availability of detailed economic indicators when making decisions about property investments in ZIP 40049.

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.