40229
ZIPSAFMR
Bullitt County, KY
BRFMR
Eff. Rent
0 BR$1,130$1,240
1 BR$1,230$1,260
2 BR$1,490$1,540
3 BR$1,900$1,940
4 BR$2,210$2,410
5 BR$2,542
6 BR$2,923
7 BR$3,361
8 BR$3,865

Purchase Price Calculator

Maximum purchase price
$166,927

Cost breakdown

+Likely effective rent$1,540
HUD FMR$1,490
Market rent$1,560
Est. payment standard (103%)Used$1,540
Estimated payment standard is $1,540 (103% of FMR).
-Principal and interest-$844
Loan amount$133,542
Down payment$33,385
Rate6.50%
Term30 years
-Operating costs-$496
Property taxes-$167
Insurance-$175
Utilities$0
HOA$0
Management-$154
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,820(74.3% ROI)
Projected value
$179,762
Current value$166,927
Return breakdown
Property appreciation+$12,835
Loan principal paid down+$4,784
Rental cash flow+$7,200
5-year hold
+$42,468(127.2% ROI)
Projected value
$188,862
Current value$166,927
Return breakdown
Property appreciation+$21,936
Loan principal paid down+$8,532
Rental cash flow+$12,000
10-year hold
+$91,084(272.8% ROI)
Projected value
$213,681
Current value$166,927
Return breakdown
Property appreciation+$46,754
Loan principal paid down+$20,330
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
0.85ratio
FMR$1,130
Market$1,330
vs market-$200

FMR is below market; voucher rent may lag private rents.

90% standard$1,017 / 0.76 ratio110% standard$1,243 / 0.93 ratio
0.85
1 BR
1 BR
0.97ratio
FMR$1,230
Market$1,270
vs market-$40

FMR is near market; voucher and private rents are aligned.

90% standard$1,107 / 0.87 ratio110% standard$1,353 / 1.07 ratio
0.97
2 BR
2 BR
0.96ratio
FMR$1,490
Market$1,560
vs market-$70

FMR is near market; voucher and private rents are aligned.

90% standard$1,341 / 0.86 ratio110% standard$1,639 / 1.05 ratio
0.96
3 BR
3 BR
0.97ratio
FMR$1,900
Market$1,960
vs market-$60

FMR is near market; voucher and private rents are aligned.

90% standard$1,710 / 0.87 ratio110% standard$2,090 / 1.07 ratio
0.97
4 BR
4 BR
0.88ratio
FMR$2,210
Market$2,510
vs market-$300

FMR is below market; voucher rent may lag private rents.

90% standard$1,989 / 0.79 ratio110% standard$2,431 / 0.97 ratio
0.88
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for smaller unit sizes.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 40229 (KY) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

40229 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 40229 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,490 and the 4 bedroom fair market rent is $2,210.

Use this page for searches like 40229 FMR, 40229 fair market rent, and 40229 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for 40229
Bedroom sizeHUD FMR
Studio$1,130
1 bedroom$1,230
2 bedroom$1,490
3 bedroom$1,900
4 bedroom$2,210