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Boone County/Petersburg/41080

41080

ZIPSAFMR
Boone County, KY
Zillow

ZIP Investment Score

129Above average

095130300
BRFMR
Eff. Rent
0 BR$1,340$1,340
1 BR$1,440$1,440
2 BR$1,840$1,840
3 BR$2,420$2,420
4 BR$2,730$2,730
5 BR$3,139Not available
6 BR$3,610Not available
7 BR$4,152Not available
8 BR$4,775Not available

Purchase Price Calculator

Maximum purchase price
$211,507

Cost breakdown

+Likely effective rent$1,840
HUD FMRUsed$1,840
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,069
Loan amount$169,205
Down payment$42,301
Rate6.50%
Term30 years
-Operating costs-$571
Property taxes-$212
Insurance-$175
Utilities$0
HOA$0
Management-$184
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$29,525(69.8% ROI)
Projected value
$227,770
Return breakdown
Property appreciation+$16,263
Loan principal paid down+$6,062
Rental cash flow+$7,200
5-year hold
+$50,604(119.6% ROI)
Projected value
$239,300
Return breakdown
Property appreciation+$27,794
Loan principal paid down+$10,811
Rental cash flow+$12,000
10-year hold
+$108,999(257.7% ROI)
Projected value
$270,747
Return breakdown
Property appreciation+$59,240
Loan principal paid down+$25,760
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
--
Mortgage rate
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ZIP 41080 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 41080 (Petersburg, KY) is $1,840 a month. That is up 8.2% from $1,700 in FY 2026. Petersburg is in the Cincinnati, OH-KY-IN HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 12 ZIP codes in Boone County, 41080 is tied for the 2nd-highest two-bedroom rent (county range $1,200–$2,160). The median county two-bedroom FMR in Kentucky is $925, so ZIP 41080 is 99% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 41080
BedroomsFY 2027Change90–110% range
Studio$1,340+10.7%$1,206–$1,474
1BR$1,440+9.1%$1,296–$1,584
2BR$1,840+8.2%$1,656–$2,024
3BR$2,420+8.0%$2,178–$2,662
4BR$2,730+10.1%$2,457–$3,003

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 41080
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,340$1,440$1,840$2,420$2,730
FY 2026$1,210$1,320$1,700$2,240$2,480
FY 2025$1,090$1,230$1,600$2,120$2,340
FY 2024$850$960$1,250$1,660$1,850
FY 2023$770$890$1,150$1,540$1,730

Two-bedroom rent in nearby Boone County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 41080
41005$1,8400.0%
41018$1,380−25.0%
41022$1,680−8.7%
41025$1,680−8.7%
41030$1,200−34.8%
41042$1,730−6.0%
41048$1,830−0.5%
41051$1,650−10.3%
41080Current$1,840—
41091$2,160+17.4%
41092$1,330−27.7%
41094$1,580−14.1%

Questions about ZIP 41080 rents

How much will Section 8 pay for a two-bedroom in ZIP 41080?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,840, that basic range is $1,656 to $2,024 a month. 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 41080 in?

ZIP 41080 is in the Cincinnati, OH-KY-IN HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in ZIP 41080 for FY 2027?

The two-bedroom FMR rose 8.2%, from $1,700 in FY 2026 to $1,840 in FY 2027. Since FY 2023 it has risen 60.0%.

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