Skip to main content
Loading page
Laurel County/London/40741

40741

ZIPSAFMR
Laurel County, KY
Zillow

ZIP Investment Score

74Below average

095130300
BRFMR
Eff. Rent
0 BR$690$760
1 BR$770$850
2 BR$970$1,070
3 BR$1,160$1,210
4 BR$1,350$1,290
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
$97,085

Cost breakdown

+Likely effective rent$1,070
HUD FMR$970
Market rent$1,140
Est. payment standard (110%)Used$1,070
-Principal and interest-$491
Loan amount$77,668
Down payment$19,417
Rate6.50%
Term30 years
-Operating costs-$379
Property taxes-$97
Insurance-$175
Utilities$0
HOA$0
Management-$107
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$17,448(89.9% ROI)
Projected value
$104,550
Return breakdown
Property appreciation+$7,465
Loan principal paid down+$2,783
Rental cash flow+$7,200
5-year hold
+$29,720(153.1% ROI)
Projected value
$109,843
Return breakdown
Property appreciation+$12,758
Loan principal paid down+$4,962
Rental cash flow+$12,000
10-year hold
+$63,016(324.5% ROI)
Projected value
$124,277
Return breakdown
Property appreciation+$27,192
Loan principal paid down+$11,824
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.70
1 BR
0.73
2 BR
0.85
3 BR
0.94
4 BR
1.05
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 40741 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 40741 (London, KY) is $970 a month. That is up 7.8% from $900 in FY 2026. London is in the Laurel 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 $943. Among 12 ZIP codes in Laurel County, 40741 is tied for the highest two-bedroom rent (county range $910–$970). The median county two-bedroom FMR in Kentucky is $925, so ZIP 40741 is 5% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 40741
BedroomsFY 2027Change90–110% range
Studio$690+3.0%$621–$759
1BR$770+11.6%$693–$847
2BR$970+7.8%$873–$1,067
3BR$1,160+5.5%$1,044–$1,276
4BR$1,350+3.1%$1,215–$1,485

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 40741
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$690$770$970$1,160$1,350
FY 2026$670$690$900$1,100$1,310
FY 2025$630$690$910$1,150$1,300
FY 2024area FMR$595$665$874$1,123$1,207
FY 2023area FMR$558$590$769$992$1,063

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

Two-bedroom rent in nearby Laurel County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 40741
40402$9700.0%
40701$940−3.1%
40724$940−3.1%
40729$910−6.2%
40734$940−3.1%
40737$910−6.2%
40740$910−6.2%
40741Current$970—
40744$9700.0%
40750$940−3.1%
40755$940−3.1%
40962$920−5.2%

Questions about ZIP 40741 rents

How much will Section 8 pay for a two-bedroom in ZIP 40741?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $943, which applies unless the housing authority uses Small Area FMRs, that basic range is $849 to $1,037 a month; under the ZIP-level Small Area FMR of $970 it would be $873 to $1,067. 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 40741 in?

ZIP 40741 is in the Laurel County, KY non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $943.

How much did fair market rent change in ZIP 40741 for FY 2027?

The two-bedroom FMR rose 7.8%, from $900 in FY 2026 to $970 in FY 2027. Since FY 2025 it has risen 6.6%.

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