Section 8 Fair Market Rent (FMR) for ZIP 40157 - 2027

Location: Breckinridge County, KY | Metro: Meade County, KY HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$790
1 Bedroom	$800
2 Bedrooms	$1,040
3 Bedrooms	$1,430
4 Bedrooms	$1,570
5 Bedrooms	$1,821
6 Bedrooms	$2,040
7 Bedrooms	$2,203
8 Bedrooms	$2,313

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

854

Median Household Income

$58,750

Housing Units

346

Renter Percentage

7.2%

Occupancy Rate

100.0%

Renter Occupied

ZIP code 40157, located in Kentucky, is a residential area that offers opportunities for landlords and small-portfolio investors looking to enter a stable market. The Fair Market Rent (FMR) and median home values provide a baseline understanding of the local rental and housing market dynamics.

The Fair Market Rent for ZIP 40157 for fiscal year 2024 is set at $1260, which represents the maximum amount HUD will pay for low-income families to afford decent-quality rental housing.
While the specific market rent for the area is currently N/A, the FMR can serve as a reasonable proxy for the average rental rates in the area.
The median home value in ZIP 40157 stands at $263,876, indicating a relatively affordable market for property investment.
Renters make up 7.2% of the housing market in this ZIP code, suggesting a smaller but steady demand for rental properties.
The Days on Market (DOM) for properties in this area is listed as N/A, which could imply that sales data is not frequently updated or is less available compared to other metrics.
The median household income in ZIP 40157 is $58,750, providing insight into the financial capacity of potential tenants.

Investors considering ZIP 40157 should take note of the modest but consistent rental market conditions. With a fair market rent of $1260 and a median home value of $263,876, the area presents a balanced opportunity where rental income can be reasonably expected without the need for exorbitant pricing. The lower renter share suggests that while the market may not be saturated with renters, those who do seek rentals are likely to have stable incomes around $58,750, ensuring a reliable tenant pool. The lack of specific market rent and DOM data points to a possibly quieter market, but also reduces competition for rental properties. Overall, ZIP 40157 offers a solid foundation for real estate investments, particularly for those focused on long-term stability and moderate returns.

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.