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Meade County/Union Star/40171

40171

ZIPSAFMR
Meade County, KY
Zillow

ZIP Investment Score

75Below average

095130300
BRFMR
Eff. Rent
0 BR$740$740
1 BR$740$740
2 BR$970$970
3 BR$1,320$1,320
4 BR$1,520$1,520
5 BR$1,748Not available
6 BR$2,010Not available
7 BR$2,312Not available
8 BR$2,658Not available

Purchase Price Calculator

Maximum purchase price
$82,225

Cost breakdown

+Likely effective rent$970
HUD FMRUsed$970
Market rentN/A
Est. payment standardN/A
-Principal and interest-$416
Loan amount$65,780
Down payment$16,445
Rate6.50%
Term30 years
-Operating costs-$354
Property taxes-$82
Insurance-$175
Utilities$0
HOA$0
Management-$97
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$15,879(96.6% ROI)
Projected value
$88,547
Return breakdown
Property appreciation+$6,322
Loan principal paid down+$2,357
Rental cash flow+$7,200
5-year hold
+$27,008(164.2% ROI)
Projected value
$93,030
Return breakdown
Property appreciation+$10,805
Loan principal paid down+$4,203
Rental cash flow+$12,000
10-year hold
+$57,044(346.9% ROI)
Projected value
$105,255
Return breakdown
Property appreciation+$23,030
Loan principal paid down+$10,014
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 40171 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 40171 (Union Star, KY) is $970 a month. That is down 3.0% from $1,000 in FY 2026. Union Star is in the Meade 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 $1,052. Among 12 ZIP codes in Meade County, 40171 is tied for the 7th-highest two-bedroom rent (county range $970–$1,360). The median county two-bedroom FMR in Kentucky is $925, so ZIP 40171 is 5% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 40171
BedroomsFY 2027Change90–110% range
Studio$740−2.6%$666–$814
1BR$740−3.9%$666–$814
2BR$970−3.0%$873–$1,067
3BR$1,320−2.9%$1,188–$1,452
4BR$1,520−9.5%$1,368–$1,672

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 40171
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$740$740$970$1,320$1,520
FY 2026$760$770$1,000$1,360$1,680
FY 2025$720$720$940$1,310$1,590
FY 2024$790$790$1,040$1,450$1,760
FY 2023$660$670$880$1,250$1,500

Two-bedroom rent in nearby Meade County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 40171
40104$9700.0%
40108$9700.0%
40117$1,060+9.3%
40121$1,240+27.8%
40142$1,060+9.3%
40146$9700.0%
40155$9700.0%
40157$1,040+7.2%
40161$1,050+8.2%
40171Current$970—
40175$1,360+40.2%
40176$9700.0%

Questions about ZIP 40171 rents

How much will Section 8 pay for a two-bedroom in ZIP 40171?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,052, which applies unless the housing authority uses Small Area FMRs, that basic range is $947 to $1,157 a month; under the ZIP-level Small Area FMR of $970 it would be $873 to $1,067. 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 40171 in?

ZIP 40171 is in the Meade County, KY HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,052.

How much did fair market rent change in ZIP 40171 for FY 2027?

The two-bedroom FMR fell 3.0%, from $1,000 in FY 2026 to $970 in FY 2027. Since FY 2023 it has risen 10.2%.

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