FY2027 Small Area FMR · New Liberty, KY

ZIP 40355 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 40355 (New Liberty, KY) is $1,020 a month, up 5.2% from FY2026. That is 0% equal to the Owen County, KY area-wide FMR of $1,022.

2-bedroom SAFMR$1,020per month ▲ 5.2%

Area-wide 2 BR FMR$1,022Owen County, KY

Rank in the area12thof 13 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$918

2 BR Small Area FMR$1,020

110% of SAFMR$1,122

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

Studio$740▲ 7.2%

1 BR$790▲ 6.8%

2 BR$1,020▲ 5.2%

3 BR$1,370▲ 7.0%

4 BR$1,450▲ 5.8%

FY2027 FY2026

Where 40355 sits in the Owen County, KY area

Of the 13 ZIP codes HUD lists for the area, 40355 has the 12th highest two-bedroom Small Area FMR. Owen 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 $1,022 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,020 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	$740	$666 – $814	$730	$690
1 bedroom	$790	$711 – $869	$781	$740
2 bedrooms	$1,020	$918 – $1,122	$1,022	$970
3 bedrooms	$1,370	$1,233 – $1,507	$1,396	$1,280
4 bedrooms	$1,450	$1,305 – $1,595	$1,428	$1,370

A household renting a two-bedroom home at the Small Area FMR of $1,020 needs about $40,800 a year to keep housing costs at 30% of income. The area median family income is $82,900 and the 80% low-income limit for four people is $66,300. ZIP code 40355 lies mainly in Owen County. See the Owen County, KY county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
41086	Sparta	4.3 mi	$1,100
41083	Sanders	5.6 mi	$1,200
41052	Jonesville	6.7 mi	$1,210
41046	Glencoe	7.3 mi	$1,430
41098	Worthville	7.7 mi	$1,200
40359	Owenton	10.2 mi	$910

Questions

What is the Fair Market Rent for ZIP code 40355?

HUD's FY2027 Small Area Fair Market Rents for 40355 are $740 (studio), $790 (1 BR), $1,020 (2 BR), $1,370 (3 BR) and $1,450 (4 BR) a month.

What is the Section 8 payment standard in 40355?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 40355 that range is $918 to $1,122 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 40355?

The FY2026 income limits of the Owen County, KY area apply: median family income $82,900, low-income (80%) limit $66,300 for a family of four.