FY2027 Small Area FMR · Betsy Layne, KY
ZIP 41605 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 41605 (Betsy Layne, KY) is $1,150 a month, up 10.6% from FY2026. That is 24% above the Floyd County, KY area-wide FMR of $925.
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 41605 sits in the Floyd County, KY area
Of the 38 ZIP codes HUD lists for the area, 41605 has the 3rd highest two-bedroom Small Area FMR. Floyd 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 $925 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,150 for this ZIP code instead.
ZIP code 41605 crosses more than one HUD area. HUD also lists it under Pike 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 | $810 | $729 – $891 | $661 | $740 |
| 1 bedroom | $880 | $792 – $968 | $707 | $790 |
| 2 bedrooms | $1,150 | $1,035 – $1,265 | $925 | $1,040 |
| 3 bedrooms | $1,480 | $1,332 – $1,628 | $1,230 | $1,270 |
| 4 bedrooms | $1,660 | $1,494 – $1,826 | $1,246 | $1,480 |
A household renting a two-bedroom home at the Small Area FMR of $1,150 needs about $46,000 a year to keep housing costs at 30% of income. The area median family income is $60,700 and the 80% low-income limit for four people is $57,500. ZIP code 41605 lies mainly in Floyd County and Pike County. See the Floyd 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 41605?
HUD's FY2027 Small Area Fair Market Rents for 41605 are $810 (studio), $880 (1 BR), $1,150 (2 BR), $1,480 (3 BR) and $1,660 (4 BR) a month.
What is the Section 8 payment standard in 41605?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 41605 that range is $1,035 to $1,265 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 41605?
The FY2026 income limits of the Floyd County, KY area apply: median family income $60,700, low-income (80%) limit $57,500 for a family of four.