FY2027 Small Area FMR · Rineyville, KY

ZIP 40162 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 40162 (Rineyville, KY) is $1,200 a month, up 2.6% from FY2026. That is 10% above the Elizabethtown, KY area-wide FMR of $1,087.

2-bedroom SAFMR$1,200per month ▲ 2.6%

Area-wide 2 BR FMR$1,087Elizabethtown, KY

Rank in the area3rdof 27 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,080

2 BR Small Area FMR$1,200

110% of SAFMR$1,320

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

Studio$940▲ 2.2%

1 BR$940▲ 1.1%

2 BR$1,200▲ 2.6%

3 BR$1,650▲ 1.2%

4 BR$1,960▲ 1.6%

FY2027 FY2026

Where 40162 sits in the Elizabethtown, KY area

Of the 27 ZIP codes HUD lists for the area, 40162 has the 3rd highest two-bedroom Small Area FMR. Elizabethtown, 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 $1,087 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,200 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	$940	$846 – $1,034	$860	$920
1 bedroom	$940	$846 – $1,034	$866	$930
2 bedrooms	$1,200	$1,080 – $1,320	$1,087	$1,170
3 bedrooms	$1,650	$1,485 – $1,815	$1,505	$1,630
4 bedrooms	$1,960	$1,764 – $2,156	$1,817	$1,930

A household renting a two-bedroom home at the Small Area FMR of $1,200 needs about $48,000 a year to keep housing costs at 30% of income. The area median family income is $92,100 and the 80% low-income limit for four people is $70,550. ZIP code 40162 lies mainly in Hardin County. See the Elizabethtown, KY metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
40175	Vine Grove	4.6 mi	$1,360
42724	Cecilia	5.6 mi	$1,060
40160	Radcliff	8.0 mi	$1,020
40115	Custer	9.4 mi	$1,140
40117	Ekron	10.3 mi	$1,060
42732	Eastview	11.9 mi	$980

Questions

What is the Fair Market Rent for ZIP code 40162?

HUD's FY2027 Small Area Fair Market Rents for 40162 are $940 (studio), $940 (1 BR), $1,200 (2 BR), $1,650 (3 BR) and $1,960 (4 BR) a month.

What is the Section 8 payment standard in 40162?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 40162 that range is $1,080 to $1,320 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 40162?

The FY2026 income limits of the Elizabethtown, KY area apply: median family income $92,100, low-income (80%) limit $70,550 for a family of four.