FMR is below market; voucher rent may lag private rents.
0.47
1 BR
1 BR- 40067
0.57ratio
FMR$1,180
Market$2,080
vs market-$900
FMR is below market; voucher rent may lag private rents.
0.57
2 BR
2 BR- 40067
0.62ratio
FMR$1,390
Market$2,230
vs market-$840
FMR is below market; voucher rent may lag private rents.
0.62
3 BR
3 BR- 40067
0.68ratio
FMR$1,720
Market$2,530
vs market-$810
FMR is below market; voucher rent may lag private rents.
0.68
4 BR
4 BR- 40067
0.72ratio
FMR$2,050
Market$2,850
vs market-$800
FMR is below market; voucher rent may lag private rents.
0.72
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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Simpsonville, KY fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Simpsonville, KY is $1,390 a month. That is up 0.7% from $1,380 in FY 2026. Simpsonville is in the Shelby County, KY HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,149. The median county two-bedroom FMR in Kentucky is $925, so Simpsonville is 50% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Simpsonville, KY
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,100
$1,060
−3.6%
$954–$1,166
1BR
$1,190
$1,180
−0.8%
$1,062–$1,298
2BR
$1,380
$1,390
+0.7%
$1,251–$1,529
3BR
$1,750
$1,720
−1.7%
$1,548–$1,892
4BR
$2,050
$2,050
0.0%
$1,845–$2,255
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Simpsonville, KY
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,060
$1,180
$1,390
$1,720
$2,050
FY 2026
$1,100
$1,190
$1,380
$1,750
$2,050
FY 2025
$1,170
$1,290
$1,520
$1,940
$2,230
FY 2024
$1,110
$1,230
$1,470
$1,910
$2,160
FY 2023
$730
$780
$990
$1,270
$1,460
Questions about Simpsonville, KY rents
How much will Section 8 pay for a two-bedroom in Simpsonville, KY?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,149, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,034 to $1,264 a month; under the ZIP-level Small Area FMR of $1,390 it would be $1,251 to $1,529. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Simpsonville, KY in?
Simpsonville, KY is in the Shelby County, KY HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,149.
How much did fair market rent change in Simpsonville, KY for FY 2027?
The two-bedroom FMR rose 0.7%, from $1,380 in FY 2026 to $1,390 in FY 2027. Since FY 2023 it has risen 40.4%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set