FY2027 Small Area FMR · Clearfield, KY

ZIP 40313 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 40313 (Clearfield, KY) is $1,150 a month, up 12.7% from FY2026. That is 18% above the Rowan County, KY area-wide FMR of $977.

2-bedroom SAFMR$1,150per month ▲ 12.7%

Area-wide 2 BR FMR$977Rowan County, KY

Rank in the area1stof 8 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$830▲ 18.6%

1 BR$930▲ 13.4%

2 BR$1,150▲ 12.7%

3 BR$1,470▲ 14.0%

4 BR$1,920▲ 12.3%

FY2027 FY2026

Where 40313 sits in the Rowan County, KY area

Of the 8 ZIP codes HUD lists for the area, 40313 has the 1st highest two-bedroom Small Area FMR. Rowan 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 $977 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	$830	$747 – $913	$701	$700
1 bedroom	$930	$837 – $1,023	$791	$820
2 bedrooms	$1,150	$1,035 – $1,265	$977	$1,020
3 bedrooms	$1,470	$1,323 – $1,617	$1,252	$1,290
4 bedrooms	$1,920	$1,728 – $2,112	$1,633	$1,710

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 $75,700 and the 80% low-income limit for four people is $60,550. ZIP code 40313 lies mainly in Rowan County. See the Rowan County, KY county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
40351	Morehead	4.5 mi	$940
40371	Salt Lick	12.7 mi	$1,000
41135	Emerson	14.2 mi	$990
41421	Elkfork	14.6 mi	$920
41171	Sandy Hook	15.2 mi	$950
41164	Olive Hill	15.4 mi	$910

Questions

What is the Fair Market Rent for ZIP code 40313?

HUD's FY2027 Small Area Fair Market Rents for 40313 are $830 (studio), $930 (1 BR), $1,150 (2 BR), $1,470 (3 BR) and $1,920 (4 BR) a month.

What is the Section 8 payment standard in 40313?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 40313 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 40313?

The FY2026 income limits of the Rowan County, KY area apply: median family income $75,700, low-income (80%) limit $60,550 for a family of four.