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Livingston County/Smithland/42081

42081

ZIPSAFMR
Livingston County, KY
Zillow

ZIP Investment Score

105Above average

095130300
BRFMR
Eff. Rent
0 BR$870$870
1 BR$960$960
2 BR$1,250$1,250
3 BR$1,490$1,490
4 BR$1,770$1,770
5 BR$2,035Not available
6 BR$2,341Not available
7 BR$2,692Not available
8 BR$3,096Not available

Purchase Price Calculator

Maximum purchase price
$123,833

Cost breakdown

+Likely effective rent$1,250
HUD FMRUsed$1,250
Market rentN/A
Est. payment standardN/A
-Principal and interest-$626
Loan amount$99,066
Down payment$24,767
Rate6.50%
Term30 years
-Operating costs-$424
Property taxes-$124
Insurance-$175
Utilities$0
HOA$0
Management-$125
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,271(81.8% ROI)
Projected value
$133,355
Return breakdown
Property appreciation+$9,522
Loan principal paid down+$3,549
Rental cash flow+$7,200
5-year hold
+$34,602(139.7% ROI)
Projected value
$140,106
Return breakdown
Property appreciation+$16,273
Loan principal paid down+$6,329
Rental cash flow+$12,000
10-year hold
+$73,765(297.8% ROI)
Projected value
$158,517
Return breakdown
Property appreciation+$34,684
Loan principal paid down+$15,082
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 42081 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 42081 (Smithland, KY) is $1,250 a month. That is up 5.9% from $1,180 in FY 2026. Smithland is in the Livingston County, KY HUD Metro 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 metro-wide two-bedroom FMR of $1,220. Among 8 ZIP codes in Livingston County, 42081 has the 2nd-highest two-bedroom rent (county range $1,050–$1,510). The median county two-bedroom FMR in Kentucky is $925, so ZIP 42081 is 35% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 42081
BedroomsFY 2027Change90–110% range
Studio$870−1.1%$783–$957
1BR$960−2.0%$864–$1,056
2BR$1,250+5.9%$1,125–$1,375
3BR$1,490+5.7%$1,341–$1,639
4BR$1,770−1.7%$1,593–$1,947

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 42081
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$870$960$1,250$1,490$1,770
FY 2026$880$980$1,180$1,410$1,800
FY 2025$620$680$870$1,040$1,190
FY 2024area FMR$616$663$850$1,042$1,156
FY 2023area FMR$538$577$742$910$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 Livingston County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 42081
42028$1,050−16.0%
42045$1,140−8.8%
42047$1,160−7.2%
42058$1,510+20.8%
42064$1,050−16.0%
42078$1,050−16.0%
42081Current$1,250—
42083$1,110−11.2%

Questions about ZIP 42081 rents

How much will Section 8 pay for a two-bedroom in ZIP 42081?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,220, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,098 to $1,342 a month; under the ZIP-level Small Area FMR of $1,250 it would be $1,125 to $1,375. 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 42081 in?

ZIP 42081 is in the Livingston County, KY HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,220.

How much did fair market rent change in ZIP 42081 for FY 2027?

The two-bedroom FMR rose 5.9%, from $1,180 in FY 2026 to $1,250 in FY 2027. Since FY 2025 it has risen 43.7%.

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