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Johnson County/Paintsville/41240

41240

ZIPSAFMR
Johnson County, KY
Zillow

ZIP Investment Score

112Above average

095130300
BRFMR
Eff. Rent
0 BR$660$660
1 BR$800$800
2 BR$920$920
3 BR$1,200$1,200
4 BR$1,320$1,320
5 BR$1,518Not available
6 BR$1,746Not available
7 BR$2,008Not available
8 BR$2,309Not available

Purchase Price Calculator

Maximum purchase price
$74,795

Cost breakdown

+Likely effective rent$920
HUD FMRUsed$920
Market rentN/A
Est. payment standardN/A
-Principal and interest-$378
Loan amount$59,836
Down payment$14,959
Rate6.50%
Term30 years
-Operating costs-$342
Property taxes-$75
Insurance-$175
Utilities$0
HOA$0
Management-$92
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$15,095(100.9% ROI)
Projected value
$80,546
Return breakdown
Property appreciation+$5,751
Loan principal paid down+$2,144
Rental cash flow+$7,200
5-year hold
+$25,652(171.5% ROI)
Projected value
$84,624
Return breakdown
Property appreciation+$9,829
Loan principal paid down+$3,823
Rental cash flow+$12,000
10-year hold
+$54,058(361.4% ROI)
Projected value
$95,744
Return breakdown
Property appreciation+$20,949
Loan principal paid down+$9,109
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 41240 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 41240 (Paintsville, KY) is $920 a month. That is up 5.7% from $870 in FY 2026. Paintsville is in the Johnson 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 22 ZIP codes in Johnson County, 41240 is tied for the 10th-highest two-bedroom rent (county range $910–$1,060).

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 41240
BedroomsFY 2027Change90–110% range
Studio$660+6.5%$594–$726
1BR$800+14.3%$720–$880
2BR$920+5.7%$828–$1,012
3BR$1,200+4.3%$1,080–$1,320
4BR$1,320+3.1%$1,188–$1,452

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 41240
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$660$800$920$1,200$1,320
FY 2026$620$700$870$1,150$1,280
FY 2025$620$660$870$1,130$1,300
FY 2024area FMR$616$647$850$1,120$1,156
FY 2023area FMR$538$564$742$983$999

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

Two-bedroom rent in nearby Johnson County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 41240
41219$1,060+15.2%
41222$9200.0%
41226$1,040+13.0%
41232$960+4.3%
41234$910−1.1%
41238$950+3.3%
41240Current$920—
41254$910−1.1%
41255$1,000+8.7%
41256$930+1.1%
41257$980+6.5%
41260$910−1.1%

Questions about ZIP 41240 rents

How much will Section 8 pay for a two-bedroom in ZIP 41240?

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 $920 it would be $828 to $1,012. 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 41240 in?

ZIP 41240 is in the Johnson 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 41240 for FY 2027?

The two-bedroom FMR rose 5.7%, from $870 in FY 2026 to $920 in FY 2027. Since FY 2025 it has risen 5.7%.

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