FY2027 Small Area FMR · Means, KY
ZIP 40346 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 40346 (Means, KY) is $940 a month, up 4.4% from FY2026. That is 3% above the Bath County, KY area-wide FMR of $909.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 40346 sits in the Bath County, KY area
Of the 10 ZIP codes HUD lists for the area, 40346 has the 6th highest two-bedroom Small Area FMR. Bath 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 $940 for this ZIP code instead.
ZIP code 40346 crosses more than one HUD area. HUD also lists it under Menifee County, KY (same figures) and Montgomery County, KY (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $670 | $603 – $737 | $650 | $650 |
| 1 bedroom | $730 | $657 – $803 | $695 | $710 |
| 2 bedrooms | $940 | $846 – $1,034 | $909 | $900 |
| 3 bedrooms | $1,210 | $1,089 – $1,331 | $1,124 | $1,160 |
| 4 bedrooms | $1,300 | $1,170 – $1,430 | $1,320 | $1,290 |
A household renting a two-bedroom home at the Small Area FMR of $940 needs about $37,600 a year to keep housing costs at 30% of income. The area median family income is $72,900 and the 80% low-income limit for four people is $58,300. ZIP code 40346 lies mainly in Menifee County, Bath County and Montgomery County. See the Bath County, KY county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 40346?
HUD's FY2027 Small Area Fair Market Rents for 40346 are $670 (studio), $730 (1 BR), $940 (2 BR), $1,210 (3 BR) and $1,300 (4 BR) a month.
What is the Section 8 payment standard in 40346?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 40346 that range is $846 to $1,034 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 40346?
The FY2026 income limits of the Bath County, KY area apply: median family income $72,900, low-income (80%) limit $58,300 for a family of four.