Metro FMR area · KY · HUD FY 2027

Shelby County, KY Fair Market Rent

HUD’s FY 2027 Fair Market Rent for a 2-bedroom in the Shelby County, KY area is $1,149 a month, 1% below the Kentucky average and 35% below the U.S. average of $1,761. ZIP-level Small Area FMRs for its 17 ZIP codes range from $1,010 to $1,820.

$1,1492-bedroom FMR+$6 (+0.5%) vs FY 2026
$9981-bedroom FMRU.S.: $1,478
$45,960Income for a 2-bedroomat 30% of income
49,096Residents1 county

Can you afford the Fair Market Rent here?

Uses the common 30%-of-gross-income guideline. Results update as you type and stay in your browser.

Household income ($ per year, before tax)

Default: the income a 2-bedroom here needs at 30%.

Unit size

Rent you can afford at 30% of income$1,149/month

2-bedroom Fair Market Rent and the income it needs
Area	Fair Market Rent	Income needed	Share of your income
Shelby County, KY FMR	$1,149	$45,960	–
Kentucky average	$1,155	$46,214	–
U.S. average	$1,761	$70,432	–

Shelby County, KY Fair Market Rents, FY 2027 vs FY 2026
Unit	Shelby County, KY FY 2027	FY 2026	Change	Kentucky avg	U.S. avg	Income needed
Studio	$873	$954	−$81 (−8.5%)	$854	$1,379	$34,920
1 bedroom	$998	$1,027	−$29 (−2.8%)	$946	$1,478	$39,920
2 bedrooms	$1,149	$1,143	+$6 (+0.5%)	$1,155	$1,761	$45,960
3 bedrooms	$1,369	$1,417	−$48 (−3.4%)	$1,500	$2,266	$54,760
4 bedrooms	$1,692	$1,697	−$5 (−0.3%)	$1,708	$2,607	$67,680

Counties in this FMR area

Counties in the Shelby County, KY FMR area
County	Residents in area
Shelby County, KY	49,096

Small Area FMRs by ZIP code

Small Area FMRs apply to Housing Choice Vouchers where HUD requires them or the housing authority opts in; otherwise the metro FMR above applies. The median ZIP’s 2-bedroom SAFMR is $1,180.

Filter ZIP codes

FY 2027 Small Area Fair Market Rents, Shelby County, KY
ZIP	Studio	1BR	2BR	3BR	4BR	2BR vs FY 2026	2BR vs area FMR
40003	$940	$1,020	$1,210	$1,500	$1,840	−$50 (−4.0%)	5% above
40014	$1,040	$1,130	$1,360	$1,740	$2,000	−$30 (−2.2%)	18% above
40019	$780	$850	$1,010	$1,300	$1,500	−$60 (−5.6%)	12% below
40022	$870	$990	$1,150	$1,390	$1,690	+$10 (+0.9%)	about the same as
40023	$1,160	$1,260	$1,540	$1,980	$2,290	−$170 (−9.9%)	34% above
40046	$810	$910	$1,090	$1,370	$1,600	+$10 (+0.9%)	5% below
40056	$1,190	$1,290	$1,560	$1,990	$2,290	+$120 (+8.3%)	36% above
40057	$1,060	$1,170	$1,390	$1,740	$2,040	+$60 (+4.5%)	21% above
40065	$880	$1,010	$1,160	$1,380	$1,710	+$10 (+0.9%)	1% above
40066	$870	$1,000	$1,150	$1,370	$1,690	+$10 (+0.9%)	about the same as
40067	$1,060	$1,180	$1,390	$1,720	$2,050	+$10 (+0.7%)	21% above
40068	$990	$1,080	$1,300	$1,650	$1,910	no change	13% above
40071	$850	$920	$1,110	$1,420	$1,630	−$10 (−0.9%)	3% below
40076	$840	$1,000	$1,150	$1,410	$1,700	+$50 (+4.5%)	about the same as
40245	$1,390	$1,520	$1,820	$2,320	$2,680	+$20 (+1.1%)	58% above
40342	$860	$1,020	$1,120	$1,380	$1,570	+$80 (+7.7%)	3% below
40601	$820	$940	$1,180	$1,510	$1,870	+$90 (+8.3%)	3% above

Sources

U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).

Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.