FY2027 Small Area FMR · Inez, KY
ZIP 41224 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 41224 (Inez, KY) is $1,000 a month, up 8.7% from FY2026. That is 10% above the Martin County, KY area-wide FMR of $909.
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 41224 sits in the Martin County, KY area
Of the 9 ZIP codes HUD lists for the area, 41224 has the 3rd highest two-bedroom Small Area FMR. Martin 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 $909 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,000 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $710 | $639 – $781 | $650 | $660 |
| 1 bedroom | $800 | $720 – $880 | $725 | $730 |
| 2 bedrooms | $1,000 | $900 – $1,100 | $909 | $920 |
| 3 bedrooms | $1,250 | $1,125 – $1,375 | $1,133 | $1,150 |
| 4 bedrooms | $1,400 | $1,260 – $1,540 | $1,270 | $1,280 |
A household renting a two-bedroom home at the Small Area FMR of $1,000 needs about $40,000 a year to keep housing costs at 30% of income. The area median family income is $52,700 and the 80% low-income limit for four people is $57,500. ZIP code 41224 lies mainly in Martin County. See the Martin County, KY county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 41224?
HUD's FY2027 Small Area Fair Market Rents for 41224 are $710 (studio), $800 (1 BR), $1,000 (2 BR), $1,250 (3 BR) and $1,400 (4 BR) a month.
What is the Section 8 payment standard in 41224?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 41224 that range is $900 to $1,100 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 41224?
The FY2026 income limits of the Martin County, KY area apply: median family income $52,700, low-income (80%) limit $57,500 for a family of four.