FY2027 Small Area FMR · Keene, KY

ZIP 40339 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 40339 (Keene, KY) is $1,360 a month, up 15.3% from FY2026. That is 4% below the Lexington-Fayette, KY area-wide FMR of $1,416.

2-bedroom SAFMR$1,360per month ▲ 15.3%

Area-wide 2 BR FMR$1,416Lexington-Fayette, KY

Rank in the area36thof 57 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,224

2 BR Small Area FMR$1,360

110% of SAFMR$1,496

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

Studio$950▲ 15.9%

1 BR$1,160▲ 16.0%

2 BR$1,360▲ 15.3%

3 BR$1,870▲ 16.1%

4 BR$2,020▲ 12.8%

FY2027 FY2026

Where 40339 sits in the Lexington-Fayette, KY area

Of the 57 ZIP codes HUD lists for the area, 40339 has the 36th highest two-bedroom Small Area FMR. Lexington-Fayette, 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 $1,416 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,360 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	$950	$855 – $1,045	$986	$820
1 bedroom	$1,160	$1,044 – $1,276	$1,205	$1,000
2 bedrooms	$1,360	$1,224 – $1,496	$1,416	$1,180
3 bedrooms	$1,870	$1,683 – $2,057	$1,948	$1,610
4 bedrooms	$2,020	$1,818 – $2,222	$2,108	$1,790

A household renting a two-bedroom home at the Small Area FMR of $1,360 needs about $54,400 a year to keep housing costs at 30% of income. The area median family income is $102,100 and the 80% low-income limit for four people is $81,700. ZIP code 40339 lies mainly in Jessamine County. See the Lexington-Fayette, KY metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
40514	Lexington	4.9 mi	$1,980
40513	Lexington	5.3 mi	$1,800
40356	Nicholasville	6.3 mi	$1,360
40390	Wilmore	6.6 mi	$1,150
40383	Versailles	7.0 mi	$1,360
40503	Lexington	7.1 mi	$1,450

Questions

What is the Fair Market Rent for ZIP code 40339?

HUD's FY2027 Small Area Fair Market Rents for 40339 are $950 (studio), $1,160 (1 BR), $1,360 (2 BR), $1,870 (3 BR) and $2,020 (4 BR) a month.

What is the Section 8 payment standard in 40339?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 40339 that range is $1,224 to $1,496 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 40339?

The FY2026 income limits of the Lexington-Fayette, KY area apply: median family income $102,100, low-income (80%) limit $81,700 for a family of four.