FY2027 Small Area FMR · Nazareth, KY

ZIP 40048 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 40048 (Nazareth, KY) is $1,020 a month, unchanged from FY2026. That is 0% equal to the Nelson County, KY area-wide FMR of $1,022.

2-bedroom SAFMR$1,020per month ■ 0.0%

Area-wide 2 BR FMR$1,022Nelson County, KY

Rank in the area7thof 13 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$918

2 BR Small Area FMR$1,020

110% of SAFMR$1,122

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

Studio$780▲ 1.3%

1 BR$780■ 0.0%

2 BR$1,020■ 0.0%

3 BR$1,300▼ 5.1%

4 BR$1,580▼ 7.6%

FY2027 FY2026

Where 40048 sits in the Nelson County, KY area

Of the 13 ZIP codes HUD lists for the area, 40048 has the 7th highest two-bedroom Small Area FMR. Nelson 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 $1,022 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,020 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	$780	$702 – $858	$777	$770
1 bedroom	$780	$702 – $858	$781	$780
2 bedrooms	$1,020	$918 – $1,122	$1,022	$1,020
3 bedrooms	$1,300	$1,170 – $1,430	$1,302	$1,370
4 bedrooms	$1,580	$1,422 – $1,738	$1,587	$1,710

A household renting a two-bedroom home at the Small Area FMR of $1,020 needs about $40,800 a year to keep housing costs at 30% of income. The area median family income is $87,200 and the 80% low-income limit for four people is $69,750. ZIP code 40048 lies mainly in Nelson County. See the Nelson County, KY county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
40004	Bardstown	3.0 mi	$1,040
40013	Coxs Creek	6.4 mi	$1,070
40020	Fairfield	7.6 mi	$1,050
40107	Boston	10.9 mi	$960
40008	Bloomfield	11.5 mi	$1,030
40110	Clermont	11.8 mi	$1,100

Questions

What is the Fair Market Rent for ZIP code 40048?

HUD's FY2027 Small Area Fair Market Rents for 40048 are $780 (studio), $780 (1 BR), $1,020 (2 BR), $1,300 (3 BR) and $1,580 (4 BR) a month.

What is the Section 8 payment standard in 40048?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 40048 that range is $918 to $1,122 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 40048?

The FY2026 income limits of the Nelson County, KY area apply: median family income $87,200, low-income (80%) limit $69,750 for a family of four.