FY2027 Small Area FMR · Keavy, KY

ZIP 40737 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 40737 (Keavy, KY) is $910 a month, up 4.6% from FY2026. That is 3% below the Laurel County, KY area-wide FMR of $943.

2-bedroom SAFMR$910per month ▲ 4.6%

Area-wide 2 BR FMR$943Laurel County, KY

Rank in the area10thof 12 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$819

2 BR Small Area FMR$910

110% of SAFMR$1,001

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

Studio$650▲ 8.3%

1 BR$720▲ 9.1%

2 BR$910▲ 4.6%

3 BR$1,080▲ 2.9%

4 BR$1,270▲ 6.7%

FY2027 FY2026

Where 40737 sits in the Laurel County, KY area

Of the 12 ZIP codes HUD lists for the area, 40737 has the 10th highest two-bedroom Small Area FMR. Laurel 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 $943 for two bedrooms; an agency that opts in to Small Area FMRs would use $910 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	$650	$585 – $715	$674	$600
1 bedroom	$720	$648 – $792	$749	$660
2 bedrooms	$910	$819 – $1,001	$943	$870
3 bedrooms	$1,080	$972 – $1,188	$1,124	$1,050
4 bedrooms	$1,270	$1,143 – $1,397	$1,315	$1,190

A household renting a two-bedroom home at the Small Area FMR of $910 needs about $36,400 a year to keep housing costs at 30% of income. The area median family income is $72,500 and the 80% low-income limit for four people is $58,000. ZIP code 40737 lies mainly in Laurel County. See the Laurel County, KY county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
40744	London	1.3 mi	$970
40740	Lily	5.0 mi	$910
40701	Corbin	6.5 mi	$940
40741	London	8.6 mi	$970
40734	Gray	10.2 mi	$940
40771	Woodbine	12.2 mi	$910

Questions

What is the Fair Market Rent for ZIP code 40737?

HUD's FY2027 Small Area Fair Market Rents for 40737 are $650 (studio), $720 (1 BR), $910 (2 BR), $1,080 (3 BR) and $1,270 (4 BR) a month.

What is the Section 8 payment standard in 40737?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 40737 that range is $819 to $1,001 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 40737?

The FY2026 income limits of the Laurel County, KY area apply: median family income $72,500, low-income (80%) limit $58,000 for a family of four.