40404
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
0.63ratio
FMR$670
Market$1,070
vs market-$400

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

0.63
1 BR
1 BR
0.74ratio
FMR$760
Market$1,030
vs market-$270

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

0.74
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
0.83ratio
FMR$1,210
Market$1,460
vs market-$250

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

0.83
4 BR
4 BR
0.88ratio
FMR$1,360
Market$1,550
vs market-$190

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

0.88
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 40404 (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.