FY2027 Small Area FMR · Garrett, KY
ZIP 41630 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 41630 (Garrett, KY) is $950 a month, down 8.7% from FY2026. That is 3% 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 41630 sits in the Floyd County, KY area
Of the 38 ZIP codes HUD lists for the area, 41630 has the 15th 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 $950 for this ZIP code instead.
ZIP code 41630 crosses more than one HUD area. HUD also lists it under Knott 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 | $680 | $612 – $748 | $661 | $740 |
| 1 bedroom | $730 | $657 – $803 | $707 | $810 |
| 2 bedrooms | $950 | $855 – $1,045 | $925 | $1,040 |
| 3 bedrooms | $1,210 | $1,089 – $1,331 | $1,230 | $1,260 |
| 4 bedrooms | $1,290 | $1,161 – $1,419 | $1,246 | $1,420 |
A household renting a two-bedroom home at the Small Area FMR of $950 needs about $38,000 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 41630 lies mainly in Floyd County and Knott 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 41630?
HUD's FY2027 Small Area Fair Market Rents for 41630 are $680 (studio), $730 (1 BR), $950 (2 BR), $1,210 (3 BR) and $1,290 (4 BR) a month.
What is the Section 8 payment standard in 41630?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 41630 that range is $855 to $1,045 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 41630?
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.