FY2027 Small Area FMR · Winchester, KY
ZIP 40391 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 40391 (Winchester, KY) is $1,180 a month, up 10.3% from FY2026. That is 17% below the Lexington-Fayette, KY area-wide FMR of $1,416.
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 40391 sits in the Lexington-Fayette, KY area
Of the 57 ZIP codes HUD lists for the area, 40391 has the 45th 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 $1,180 for this ZIP code instead.
ZIP code 40391 crosses more than one HUD area. HUD also lists it under 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 | $820 | $738 – $902 | $986 | $740 |
| 1 bedroom | $1,000 | $900 – $1,100 | $1,205 | $910 |
| 2 bedrooms | $1,180 | $1,062 – $1,298 | $1,416 | $1,070 |
| 3 bedrooms | $1,620 | $1,458 – $1,782 | $1,948 | $1,470 |
| 4 bedrooms | $1,760 | $1,584 – $1,936 | $2,108 | $1,630 |
A household renting a two-bedroom home at the Small Area FMR of $1,180 needs about $47,200 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 40391 lies mainly in Clark County and Fayette County. See the Lexington-Fayette, KY metro page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 40391?
HUD's FY2027 Small Area Fair Market Rents for 40391 are $820 (studio), $1,000 (1 BR), $1,180 (2 BR), $1,620 (3 BR) and $1,760 (4 BR) a month.
What is the Section 8 payment standard in 40391?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 40391 that range is $1,062 to $1,298 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 40391?
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.