FY2027 Small Area FMR · Mount Eden, KY
ZIP 40046 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 40046 (Mount Eden, KY) is $1,090 a month, up 0.9% from FY2026. That is 15% below the Louisville, KY-IN area-wide FMR of $1,276.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 40046 sits in the Louisville, KY-IN area
Of the 130 ZIP codes HUD lists for the area, 40046 has the 103rd highest two-bedroom Small Area FMR. Louisville, KY-IN is one of the 65 metro areas where HUD requires Small Area FMRs for the Housing Choice Voucher program (designated 2023), so local housing agencies must set payment standards from this ZIP code's figure, normally between $981 and $1,199 for two bedrooms.
ZIP code 40046 crosses more than one HUD area. HUD also lists it under Shelby County, KY (same figures) and Anderson County, KY (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $810 | $729 – $891 | $976 | $800 |
| 1 bedroom | $910 | $819 – $1,001 | $1,058 | $900 |
| 2 bedrooms | $1,090 | $981 – $1,199 | $1,276 | $1,080 |
| 3 bedrooms | $1,370 | $1,233 – $1,507 | $1,629 | $1,400 |
| 4 bedrooms | $1,600 | $1,440 – $1,760 | $1,874 | $1,640 |
A household renting a two-bedroom home at the Small Area FMR of $1,090 needs about $43,600 a year to keep housing costs at 30% of income. The area median family income is $99,000 and the 80% low-income limit for four people is $79,200. ZIP code 40046 lies mainly in Spencer County, Anderson County and Shelby County. See the Louisville, KY-IN metro page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 40046?
HUD's FY2027 Small Area Fair Market Rents for 40046 are $810 (studio), $910 (1 BR), $1,090 (2 BR), $1,370 (3 BR) and $1,600 (4 BR) a month.
What is the Section 8 payment standard in 40046?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 40046 that range is $981 to $1,199 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 40046?
The FY2026 income limits of the Louisville, KY-IN area apply: median family income $99,000, low-income (80%) limit $79,200 for a family of four.