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Henry County/Sulphur/40070

40070

ZIPSAFMR
Henry County, KY
Zillow

ZIP Investment Score

94Below average

095130300
BRFMR
Eff. Rent
0 BR$990$990
1 BR$1,070$1,070
2 BR$1,290$1,290
3 BR$1,650$1,650
4 BR$1,890$1,890
5 BR$2,174Not available
6 BR$2,500Not available
7 BR$2,874Not available
8 BR$3,306Not available

Purchase Price Calculator

Maximum purchase price
$129,777

Cost breakdown

+Likely effective rent$1,290
HUD FMRUsed$1,290
Market rentN/A
Est. payment standardN/A
-Principal and interest-$656
Loan amount$103,822
Down payment$25,955
Rate6.50%
Term30 years
-Operating costs-$434
Property taxes-$130
Insurance-$175
Utilities$0
HOA$0
Management-$129
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,898(80.5% ROI)
Projected value
$139,756
Return breakdown
Property appreciation+$9,979
Loan principal paid down+$3,720
Rental cash flow+$7,200
5-year hold
+$35,687(137.5% ROI)
Projected value
$146,831
Return breakdown
Property appreciation+$17,054
Loan principal paid down+$6,633
Rental cash flow+$12,000
10-year hold
+$76,154(293.4% ROI)
Projected value
$166,126
Return breakdown
Property appreciation+$36,349
Loan principal paid down+$15,806
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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ZIP 40070 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 40070 (Sulphur, KY) is $1,290 a month. That is up 17.3% from $1,100 in FY 2026. Sulphur is in the Louisville, KY-IN HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 14 ZIP codes in Henry County, 40070 is tied for the 5th-highest two-bedroom rent (county range $1,010–$1,400). The median county two-bedroom FMR in Kentucky is $925, so ZIP 40070 is 39% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 40070
BedroomsFY 2027Change90–110% range
Studio$990+19.3%$891–$1,089
1BR$1,070+18.9%$963–$1,177
2BR$1,290+17.3%$1,161–$1,419
3BR$1,650+16.2%$1,485–$1,815
4BR$1,890+16.7%$1,701–$2,079

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 40070
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$990$1,070$1,290$1,650$1,890
FY 2026$830$900$1,100$1,420$1,620
FY 2025$910$1,000$1,220$1,570$1,780
FY 2024$920$1,020$1,230$1,600$1,840
FY 2023$720$810$970$1,290$1,480

Two-bedroom rent in nearby Henry County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 40070
40007$1,390+7.8%
40011$1,010−21.7%
40019$1,010−21.7%
40031$1,2900.0%
40036$1,120−13.2%
40050$1,010−21.7%
40055$1,400+8.5%
40057$1,390+7.8%
40058$1,010−21.7%
40068$1,300+0.8%
40070Current$1,290—
40075$1,010−21.7%

Questions about ZIP 40070 rents

How much will Section 8 pay for a two-bedroom in ZIP 40070?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,290, that basic range is $1,161 to $1,419 a month. 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 ZIP 40070 in?

ZIP 40070 is in the Louisville, KY-IN HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in ZIP 40070 for FY 2027?

The two-bedroom FMR rose 17.3%, from $1,100 in FY 2026 to $1,290 in FY 2027. Since FY 2023 it has risen 33.0%.

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

County fair market rentSulphur, KY fair market rentKY statewide rentsWhat is SAFMR?Data sources