FMR is near market; voucher and private rents are aligned.
0.97
4 BR
4 BR
1.03ratio
FMR$1,840
Market$1,780
vs market+$60
FMR is near market; voucher and private rents are aligned.
1.03
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
--
ZIP 40122 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 40122 (Fort Knox, KY) is $1,100 a month. That is up 3.8% from $1,060 in FY 2026. Fort Knox is in the Elizabethtown, 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 $1,087. Among 21 ZIP codes in Hardin County, 40122 is tied for the 6th-highest two-bedroom rent (county range $960–$1,360). The median county two-bedroom FMR in Kentucky is $925, so ZIP 40122 is 19% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 40122
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$840
$870
+3.6%
$783–$957
1BR
$850
$880
+3.5%
$792–$968
2BR
$1,060
$1,100
+3.8%
$990–$1,210
3BR
$1,470
$1,520
+3.4%
$1,368–$1,672
4BR
$1,780
$1,840
+3.4%
$1,656–$2,024
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 40122
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$870
$880
$1,100
$1,520
$1,840
FY 2026
$840
$850
$1,060
$1,470
$1,780
FY 2025
$860
$870
$1,080
$1,510
$1,810
FY 2024
$790
$800
$1,010
$1,390
$1,710
FY 2023
$670
$680
$880
$1,210
$1,500
Two-bedroom rent in nearby Hardin County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 40122?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,087, which applies unless the housing authority uses Small Area FMRs, that basic range is $978 to $1,196 a month; under the ZIP-level Small Area FMR of $1,100 it would be $990 to $1,210. 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 40122 in?
ZIP 40122 is in the Elizabethtown, KY HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,087.
How much did fair market rent change in ZIP 40122 for FY 2027?
The two-bedroom FMR rose 3.8%, from $1,060 in FY 2026 to $1,100 in FY 2027. Since FY 2023 it has risen 25.0%.
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