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Oldham County/Westport/40077

40077

ZIPSAFMR
Oldham County, KY
Zillow

ZIP Investment Score

65Below average

095130300
BRFMR
Eff. Rent
0 BR$820$820
1 BR$900$900
2 BR$1,100$1,100
3 BR$1,440$1,440
4 BR$1,640$1,640
5 BR$1,886Not available
6 BR$2,169Not available
7 BR$2,494Not available
8 BR$2,868Not available

Purchase Price Calculator

Maximum purchase price
$101,543

Cost breakdown

+Likely effective rent$1,100
HUD FMRUsed$1,100
Market rentN/A
Est. payment standardN/A
-Principal and interest-$513
Loan amount$81,234
Down payment$20,309
Rate6.50%
Term30 years
-Operating costs-$387
Property taxes-$102
Insurance-$175
Utilities$0
HOA$0
Management-$110
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$17,918(88.2% ROI)
Projected value
$109,351
Return breakdown
Property appreciation+$7,808
Loan principal paid down+$2,910
Rental cash flow+$7,200
5-year hold
+$30,534(150.3% ROI)
Projected value
$114,887
Return breakdown
Property appreciation+$13,344
Loan principal paid down+$5,190
Rental cash flow+$12,000
10-year hold
+$64,808(319.1% ROI)
Projected value
$129,984
Return breakdown
Property appreciation+$28,441
Loan principal paid down+$12,367
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
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Tax rate
--
Mortgage rate
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ZIP 40077 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 40077 (Westport, KY) is $1,100 a month. That is down 9.8% from $1,220 in FY 2026. Westport 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 12 ZIP codes in Oldham County, 40077 has the 12th-highest two-bedroom rent (county range $1,100–$1,910). The median county two-bedroom FMR in Kentucky is $925, so ZIP 40077 is 19% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 40077
BedroomsFY 2027Change90–110% range
Studio$820−9.9%$738–$902
1BR$900−10.0%$810–$990
2BR$1,100−9.8%$990–$1,210
3BR$1,440−9.4%$1,296–$1,584
4BR$1,640−9.9%$1,476–$1,804

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 40077
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$820$900$1,100$1,440$1,640
FY 2026$910$1,000$1,220$1,590$1,820
FY 2025$1,010$1,110$1,350$1,760$2,020
FY 2024$1,120$1,230$1,490$1,950$2,240
FY 2023$880$1,000$1,190$1,580$1,810

Two-bedroom rent in nearby Oldham County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 40077
40010$1,330+20.9%
40014$1,360+23.6%
40026$1,620+47.3%
40031$1,290+17.3%
40055$1,400+27.3%
40056$1,560+41.8%
40059$1,910+73.6%
40065$1,160+5.5%
40068$1,300+18.2%
40077Current$1,100—
40241$1,640+49.1%
40245$1,820+65.5%

Questions about ZIP 40077 rents

How much will Section 8 pay for a two-bedroom in ZIP 40077?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,100, that basic range is $990 to $1,210 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 40077 in?

ZIP 40077 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 40077 for FY 2027?

The two-bedroom FMR fell 9.8%, from $1,220 in FY 2026 to $1,100 in FY 2027. Since FY 2023 it has fallen 7.6%.

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