FY2027 Small Area FMR · Winchester, KY

ZIP 40392 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 40392 (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.

2-bedroom SAFMR$1,180per month ▲ 10.3%

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

Rank in the area45thof 57 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,062

2 BR Small Area FMR$1,180

110% of SAFMR$1,298

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

Studio$820▲ 10.8%

1 BR$1,000▲ 9.9%

2 BR$1,180▲ 10.3%

3 BR$1,620▲ 10.2%

4 BR$1,760▲ 8.0%

FY2027 FY2026

Where 40392 sits in the Lexington-Fayette, KY area

Of the 57 ZIP codes HUD lists for the area, 40392 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.

All unit sizes

Monthly gross rent including utilities
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 40392 lies mainly in Clark 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
40391	Winchester	2.3 mi	$1,180
40509	Lexington	10.8 mi	$1,760
40357	North Middletown	11.5 mi	$1,150
40516	Lexington	11.5 mi	$1,390
40515	Lexington	12.6 mi	$1,690
40353	Mount Sterling	13.6 mi	$1,150

Questions

What is the Fair Market Rent for ZIP code 40392?

HUD's FY2027 Small Area Fair Market Rents for 40392 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 40392?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 40392 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 40392?

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.