FY2027 Small Area FMR · Denniston, KY

ZIP 40316 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 40316 (Denniston, KY) is $920 a month, up 5.7% from FY2026. That is 1% above the Menifee County, KY area-wide FMR of $909.

2-bedroom SAFMR$920per month ▲ 5.7%

Area-wide 2 BR FMR$909Menifee County, KY

Rank in the area6thof 9 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$828

2 BR Small Area FMR$920

110% of SAFMR$1,012

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

Studio$650▲ 4.8%

1 BR$730▲ 7.4%

2 BR$920▲ 5.7%

3 BR$1,180▲ 6.3%

4 BR$1,290▲ 6.6%

FY2027 FY2026

Where 40316 sits in the Menifee County, KY area

Of the 9 ZIP codes HUD lists for the area, 40316 has the 6th highest two-bedroom Small Area FMR. Menifee 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 $909 for two bedrooms; an agency that opts in to Small Area FMRs would use $920 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	$650	$585 – $715	$650	$620
1 bedroom	$730	$657 – $803	$725	$680
2 bedrooms	$920	$828 – $1,012	$909	$870
3 bedrooms	$1,180	$1,062 – $1,298	$1,162	$1,110
4 bedrooms	$1,290	$1,161 – $1,419	$1,270	$1,210

A household renting a two-bedroom home at the Small Area FMR of $920 needs about $36,800 a year to keep housing costs at 30% of income. The area median family income is $54,600 and the 80% low-income limit for four people is $57,500. ZIP code 40316 lies mainly in Menifee County. See the Menifee County, KY county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
40387	Wellington	2.7 mi	$910
40322	Frenchburg	5.0 mi	$930
41425	Ezel	7.6 mi	$1,060
41360	Pine Ridge	10.2 mi	$930
40371	Salt Lick	10.4 mi	$1,000
40358	Olympia	11.2 mi	$910

Questions

What is the Fair Market Rent for ZIP code 40316?

HUD's FY2027 Small Area Fair Market Rents for 40316 are $650 (studio), $730 (1 BR), $920 (2 BR), $1,180 (3 BR) and $1,290 (4 BR) a month.

What is the Section 8 payment standard in 40316?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 40316 that range is $828 to $1,012 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 40316?

The FY2026 income limits of the Menifee County, KY area apply: median family income $54,600, low-income (80%) limit $57,500 for a family of four.