FY2027 Small Area FMR · Lexington, KY

ZIP 40513 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 40513 (Lexington, KY) is $1,800 a month, up 9.1% from FY2026. That is 27% above the Lexington-Fayette, KY area-wide FMR of $1,416.

2-bedroom SAFMR$1,800per month ▲ 9.1%

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

Rank in the area2ndof 57 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,620

2 BR Small Area FMR$1,800

110% of SAFMR$1,980

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

Studio$1,250▲ 9.6%

1 BR$1,530▲ 9.3%

2 BR$1,800▲ 9.1%

3 BR$2,480▲ 9.7%

4 BR$2,680▲ 6.3%

FY2027 FY2026

Where 40513 sits in the Lexington-Fayette, KY area

Of the 57 ZIP codes HUD lists for the area, 40513 has the 2nd 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 $1,800 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	$1,250	$1,125 – $1,375	$986	$1,140
1 bedroom	$1,530	$1,377 – $1,683	$1,205	$1,400
2 bedrooms	$1,800	$1,620 – $1,980	$1,416	$1,650
3 bedrooms	$2,480	$2,232 – $2,728	$1,948	$2,260
4 bedrooms	$2,680	$2,412 – $2,948	$2,108	$2,520

A household renting a two-bedroom home at the Small Area FMR of $1,800 needs about $72,000 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 40513 lies mainly in Fayette 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	3.3 mi	$1,980
40504	Lexington	3.8 mi	$1,190
40510	Lexington	3.9 mi	$1,580
40503	Lexington	4.0 mi	$1,450
40339	Keene	5.3 mi	$1,360
40536	Lexington	5.4 mi	$1,450

Questions

What is the Fair Market Rent for ZIP code 40513?

HUD's FY2027 Small Area Fair Market Rents for 40513 are $1,250 (studio), $1,530 (1 BR), $1,800 (2 BR), $2,480 (3 BR) and $2,680 (4 BR) a month.

What is the Section 8 payment standard in 40513?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 40513 that range is $1,620 to $1,980 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 40513?

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.