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Washington County/Harrodsburg/40330

40330

ZIPSAFMR
Washington County, KY
Zillow

ZIP Investment Score

76Below average

095130300
BRFMR
Eff. Rent
0 BR$650$720
1 BR$720$790
2 BR$910$930
3 BR$1,260$1,270
4 BR$1,510$1,350
5 BR$1,736Not available
6 BR$1,997Not available
7 BR$2,297Not available
8 BR$2,641Not available

Purchase Price Calculator

Maximum purchase price
$76,281

Cost breakdown

+Likely effective rent$930
HUD FMR$910
Market rent$940
Est. payment standard (102%)Used$930
-Principal and interest-$386
Loan amount$61,025
Down payment$15,256
Rate6.50%
Term30 years
-Operating costs-$344
Property taxes-$76
Insurance-$175
Utilities$0
HOA$0
Management-$93
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$15,252(100.0% ROI)
Projected value
$82,146
Return breakdown
Property appreciation+$5,865
Loan principal paid down+$2,186
Rental cash flow+$7,200
5-year hold
+$25,923(169.9% ROI)
Projected value
$86,305
Return breakdown
Property appreciation+$10,024
Loan principal paid down+$3,899
Rental cash flow+$12,000
10-year hold
+$54,656(358.3% ROI)
Projected value
$97,646
Return breakdown
Property appreciation+$21,365
Loan principal paid down+$9,290
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.80
1 BR
0.87
2 BR
0.97
3 BR
0.99
4 BR
1.12
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 40330 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 40330 (Harrodsburg, KY) is $910 a month. That is up 4.6% from $870 in FY 2026. Harrodsburg is in the Washington County, KY non-metropolitan 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 county-wide two-bedroom FMR of $939. Among 11 ZIP codes in Washington County, 40330 is tied for the 10th-highest two-bedroom rent (county range $910–$1,350). The median county two-bedroom FMR in Kentucky is $925, so ZIP 40330 is 2% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 40330
BedroomsFY 2027Change90–110% range
Studio$650+4.8%$585–$715
1BR$720+9.1%$648–$792
2BR$910+4.6%$819–$1,001
3BR$1,260+5.0%$1,134–$1,386
4BR$1,510+4.1%$1,359–$1,661

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 40330
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$650$720$910$1,260$1,510
FY 2026$620$660$870$1,200$1,450
FY 2025$640$660$870$1,210$1,450
FY 2024area FMR$657$690$907$1,097$1,295
FY 2023area FMR$563$590$776$944$1,213

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Washington County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 40330
40008$1,030+13.2%
40033$930+2.2%
40037$920+1.1%
40040$1,350+48.4%
40061$920+1.1%
40069$920+1.1%
40078$1,120+23.1%
40328$9100.0%
40330Current$910—
40342$1,120+23.1%
40468$1,110+22.0%

Questions about ZIP 40330 rents

How much will Section 8 pay for a two-bedroom in ZIP 40330?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $939, which applies unless the housing authority uses Small Area FMRs, that basic range is $845 to $1,033 a month; under the ZIP-level Small Area FMR of $910 it would be $819 to $1,001. 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 40330 in?

ZIP 40330 is in the Washington County, KY non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $939.

How much did fair market rent change in ZIP 40330 for FY 2027?

The two-bedroom FMR rose 4.6%, from $870 in FY 2026 to $910 in FY 2027. Since FY 2025 it has risen 4.6%.

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