40403
ZIPSAFMR
Madison County, KY
BRFMR
Eff. Rent
0 BR$670$670
1 BR$760$760
2 BR$880$880
3 BR$1,210$1,210
4 BR$1,360$1,360
5 BR$1,564
6 BR$1,799
7 BR$2,068
8 BR$2,379

Market Alignment

How HUD fair market rents align with the state of the rental market.

Studio
Studio
0.60ratio
FMR$670
Market$1,110
vs market-$440

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.60
1 BR
1 BR
0.70ratio
FMR$760
Market$1,090
vs market-$330

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.70
2 BR
2 BR
0.79ratio
FMR$880
Market$1,120
vs market-$240

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.79
3 BR
3 BR
0.81ratio
FMR$1,210
Market$1,490
vs market-$280

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.81
4 BR
4 BR
0.85ratio
FMR$1,360
Market$1,600
vs market-$240

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

0.85
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for all bedroom sizes.

Bedroom curve

Historical
See FMR progression in recent years

Data indexed

FMR
FY2026
Market rent
last ~365 days

Purchase Price Calculator

Maximum purchase price
$68,851
Rent
$880
Down payment
$13,770
Loan
$55,081
Mortgage
$348
Expenses
$332
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 40403 (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.