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Jefferson County/Louisville/40212

40212

ZIPSAFMR
Jefferson County, KY
Zillow

ZIP Investment Score

127Above average

095130300
BRFMR
Eff. Rent
0 BR$870$910
1 BR$950$950
2 BR$1,140$980
3 BR$1,460$1,260
4 BR$1,670$1,290
5 BR$1,920Not available
6 BR$2,209Not available
7 BR$2,540Not available
8 BR$2,921Not available

Purchase Price Calculator

Maximum purchase price
$83,711

Cost breakdown

+Likely effective rent$980
HUD FMR$1,140
Market rentUsed$980
Est. payment standard (91%)$1,040
-Principal and interest-$423
Loan amount$66,969
Down payment$16,742
Rate6.50%
Term30 years
-Operating costs-$357
Property taxes-$84
Insurance-$175
Utilities$0
HOA$0
Management-$98
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,036(95.8% ROI)
Projected value
$90,148
Return breakdown
Property appreciation+$6,437
Loan principal paid down+$2,399
Rental cash flow+$7,200
5-year hold
+$27,279(162.9% ROI)
Projected value
$94,711
Return breakdown
Property appreciation+$11,000
Loan principal paid down+$4,279
Rental cash flow+$12,000
10-year hold
+$57,641(344.3% ROI)
Projected value
$107,157
Return breakdown
Property appreciation+$23,446
Loan principal paid down+$10,195
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.94
1 BR
1.00
2 BR
1.16
3 BR
1.16
4 BR
1.29
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 40212 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 40212 (Louisville, KY) is $1,140 a month. That is up 5.6% from $1,080 in FY 2026. Louisville 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 61 ZIP codes in Jefferson County, 40212 is tied for the 52nd-highest two-bedroom rent (county range $1,010–$1,910). The median county two-bedroom FMR in Kentucky is $925, so ZIP 40212 is 23% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 40212
BedroomsFY 2027Change90–110% range
Studio$870+6.1%$783–$957
1BR$950+6.7%$855–$1,045
2BR$1,140+5.6%$1,026–$1,254
3BR$1,460+5.0%$1,314–$1,606
4BR$1,670+3.7%$1,503–$1,837

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 40212
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$870$950$1,140$1,460$1,670
FY 2026$820$890$1,080$1,390$1,610
FY 2025$880$970$1,180$1,540$1,760
FY 2024$810$890$1,080$1,410$1,620
FY 2023$660$740$890$1,180$1,360

Two-bedroom rent in nearby Jefferson County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 40212
40206$1,440+26.3%
40207$1,550+36.0%
40208$1,090−4.4%
40209$1,130−0.9%
40210$1,130−0.9%
40211$1,110−2.6%
40212Current$1,140—
40213$1,110−2.6%
40214$1,170+2.6%
40215$1,220+7.0%
40216$1,070−6.1%
40217$1,350+18.4%

Questions about ZIP 40212 rents

How much will Section 8 pay for a two-bedroom in ZIP 40212?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,140, that basic range is $1,026 to $1,254 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 40212 in?

ZIP 40212 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 40212 for FY 2027?

The two-bedroom FMR rose 5.6%, from $1,080 in FY 2026 to $1,140 in FY 2027. Since FY 2023 it has risen 28.1%.

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