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Lincoln County/Hustonville/40437

40437

ZIPSAFMR
Lincoln County, KY
Zillow

ZIP Investment Score

66Below average

095130300
BRFMR
Eff. Rent
0 BR$680$680
1 BR$840$840
2 BR$950$950
3 BR$1,130$1,130
4 BR$1,350$1,350
5 BR$1,552Not available
6 BR$1,785Not available
7 BR$2,053Not available
8 BR$2,361Not available

Purchase Price Calculator

Maximum purchase price
$79,253

Cost breakdown

+Likely effective rent$950
HUD FMRUsed$950
Market rentN/A
Est. payment standardN/A
-Principal and interest-$401
Loan amount$63,402
Down payment$15,851
Rate6.50%
Term30 years
-Operating costs-$349
Property taxes-$79
Insurance-$175
Utilities$0
HOA$0
Management-$95
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$15,565(98.2% ROI)
Projected value
$85,347
Return breakdown
Property appreciation+$6,094
Loan principal paid down+$2,272
Rental cash flow+$7,200
5-year hold
+$26,465(167.0% ROI)
Projected value
$89,668
Return breakdown
Property appreciation+$10,415
Loan principal paid down+$4,051
Rental cash flow+$12,000
10-year hold
+$55,850(352.4% ROI)
Projected value
$101,451
Return breakdown
Property appreciation+$22,198
Loan principal paid down+$9,652
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 40437 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 40437 (Hustonville, KY) is $950 a month. That is down 2.1% from $970 in FY 2026. Hustonville is in the Lincoln 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 $909. Among 11 ZIP codes in Lincoln County, 40437 is tied for the 2nd-highest two-bedroom rent (county range $910–$1,010). The median county two-bedroom FMR in Kentucky is $925, so ZIP 40437 is 3% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 40437
BedroomsFY 2027Change90–110% range
Studio$680−1.4%$612–$748
1BR$840−2.3%$756–$924
2BR$950−2.1%$855–$1,045
3BR$1,130−3.4%$1,017–$1,243
4BR$1,350+4.7%$1,215–$1,485

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 40437
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$680$840$950$1,130$1,350
FY 2026$690$860$970$1,170$1,290
FY 2025$640$800$890$1,090$1,300
FY 2024area FMR$616$686$850$1,028$1,132
FY 2023area FMR$538$564$742$903$997

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

Two-bedroom rent in nearby Lincoln County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 40437
40409$1,010+6.3%
40419$930−2.1%
40422$930−2.1%
40437Current$950—
40440$9500.0%
40442$9500.0%
40444$9500.0%
40448$910−4.2%
40484$910−4.2%
40489$9500.0%
42567$910−4.2%

Questions about ZIP 40437 rents

How much will Section 8 pay for a two-bedroom in ZIP 40437?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $909, which applies unless the housing authority uses Small Area FMRs, that basic range is $818 to $1,000 a month; under the ZIP-level Small Area FMR of $950 it would be $855 to $1,045. 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 40437 in?

ZIP 40437 is in the Lincoln County, KY non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $909.

How much did fair market rent change in ZIP 40437 for FY 2027?

The two-bedroom FMR fell 2.1%, from $970 in FY 2026 to $950 in FY 2027. Since FY 2025 it has risen 6.7%.

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