FY2027 Small Area FMR · Finchville, KY

ZIP 40022 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 40022 (Finchville, KY) is $1,150 a month, up 0.9% from FY2026. That is 0% equal to the Shelby County, KY area-wide FMR of $1,149.

2-bedroom SAFMR$1,150per month ▲ 0.9%

Area-wide 2 BR FMR$1,149Shelby County, KY

Rank in the area11thof 17 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,035

2 BR Small Area FMR$1,150

110% of SAFMR$1,265

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$870▼ 6.5%

1 BR$990▼ 1.0%

2 BR$1,150▲ 0.9%

3 BR$1,390▼ 3.5%

4 BR$1,690▼ 0.6%

FY2027 FY2026

Where 40022 sits in the Shelby County, KY area

Of the 17 ZIP codes HUD lists for the area, 40022 has the 11th highest two-bedroom Small Area FMR. Shelby County, KY is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,149 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,150 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$870	$783 – $957	$873	$930
1 bedroom	$990	$891 – $1,089	$998	$1,000
2 bedrooms	$1,150	$1,035 – $1,265	$1,149	$1,140
3 bedrooms	$1,390	$1,251 – $1,529	$1,369	$1,440
4 bedrooms	$1,690	$1,521 – $1,859	$1,692	$1,700

A household renting a two-bedroom home at the Small Area FMR of $1,150 needs about $46,000 a year to keep housing costs at 30% of income. The area median family income is $104,900 and the 80% low-income limit for four people is $83,900. ZIP code 40022 lies mainly in Shelby County. See the Shelby County, KY county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
40023	Fisherville	5.1 mi	$1,540
40067	Simpsonville	5.1 mi	$1,390
40071	Taylorsville	7.7 mi	$1,110
40065	Shelbyville	8.6 mi	$1,160
40299	Louisville	9.5 mi	$1,470
40245	Louisville	9.8 mi	$1,820

Questions

What is the Fair Market Rent for ZIP code 40022?

HUD's FY2027 Small Area Fair Market Rents for 40022 are $870 (studio), $990 (1 BR), $1,150 (2 BR), $1,390 (3 BR) and $1,690 (4 BR) a month.

What is the Section 8 payment standard in 40022?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 40022 that range is $1,035 to $1,265 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 40022?

The FY2026 income limits of the Shelby County, KY area apply: median family income $104,900, low-income (80%) limit $83,900 for a family of four.