Section 8 Fair Market Rent (FMR) for ZIP 40387 - 2027

Location: Morgan County, KY | Metro: Menifee County, KY

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$650
1 Bedroom	$730
2 Bedrooms	$910
3 Bedrooms	$1,170
4 Bedrooms	$1,280
5 Bedrooms	$1,485
6 Bedrooms	$1,663
7 Bedrooms	$1,796
8 Bedrooms	$1,886

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,948

Median Household Income

$45,391

Housing Units

1,344

Renter Percentage

13.2%

Occupancy Rate

58.6%

Renter Occupied

104

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.