FY2027 Small Area FMR · Elliottville, KY

ZIP 40317 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 40317 (Elliottville, KY) is $980 a month, up 7.7% from FY2026. That is 0% equal to the Rowan County, KY area-wide FMR of $977.

2-bedroom SAFMR$980per month ▲ 7.7%

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

Rank in the area3rdof 8 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$882

2 BR Small Area FMR$980

110% of SAFMR$1,078

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

Studio$700▲ 11.1%

1 BR$790▲ 8.2%

2 BR$980▲ 7.7%

3 BR$1,260▲ 9.6%

4 BR$1,640▲ 7.2%

FY2027 FY2026

Where 40317 sits in the Rowan County, KY area

Of the 8 ZIP codes HUD lists for the area, 40317 has the 3rd 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 $980 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	$700	$630 – $770	$701	$630
1 bedroom	$790	$711 – $869	$791	$730
2 bedrooms	$980	$882 – $1,078	$977	$910
3 bedrooms	$1,260	$1,134 – $1,386	$1,252	$1,150
4 bedrooms	$1,640	$1,476 – $1,804	$1,633	$1,530

A household renting a two-bedroom home at the Small Area FMR of $980 needs about $39,200 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 40317 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
40313	Clearfield	6.2 mi	$1,150
40351	Morehead	8.2 mi	$940
41164	Olive Hill	9.8 mi	$910
41171	Sandy Hook	10.7 mi	$950
41149	Isonville	11.7 mi	$940
41135	Emerson	11.7 mi	$990

Questions

What is the Fair Market Rent for ZIP code 40317?

HUD's FY2027 Small Area Fair Market Rents for 40317 are $700 (studio), $790 (1 BR), $980 (2 BR), $1,260 (3 BR) and $1,640 (4 BR) a month.

What is the Section 8 payment standard in 40317?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 40317 that range is $882 to $1,078 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 40317?

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.