Section 8 Fair Market Rent (FMR) for ZIP 40410 - 2027

FY 2027 Fair Market Rent Rates

The Fair Market Rent (FMR) for ZIP code 40410 in Unknown, Kentucky, for fiscal year 2026 is set at $900. This figure represents the payment standard used by the Housing Choice Voucher Program, commonly known as Section 8. It's important to note that this does not directly equate to the rent you can charge your tenants. Instead, it is the maximum amount that the government will pay towards the rent subsidy for eligible tenants.

The local median rent for ZIP 40410 is currently listed as N/A, which makes direct comparison challenging. However, the FMR serves as a benchmark for what is considered a fair market rate in the area. The percentage of renters in the area who rely on housing assistance is N/A%, indicating a significant portion of the population may be looking for affordable housing options. This suggests there could be a steady demand for Section 8 rentals in the area.

When acquiring a property to use for a Section 8 rental, the typical cost is N/A. This cost includes the purchase price of the property and any necessary renovations to meet the Housing Quality Standards required by the program. Landlords must ensure the property is in good condition and safe for habitation before renting to a Section 8 tenant.

To proceed with confidence, verify that the property meets all the necessary criteria set forth by the Housing Choice Voucher Program. This includes ensuring it is up to code and passes inspections. Once confirmed, the landlord can expect a consistent rental income, subsidized by the government up to $900 per month, which covers the majority of the rent for eligible low-income tenants.

In summary, the FMR of $900 provides a clear guideline for the subsidy payments landlords can expect. With a demand for affordable housing represented by the N/A% renter share, and an acquisition cost of N/A, the potential for a stable investment exists. However, landlords must ensure their properties meet the required standards before engaging in the Section 8 program.

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.