How much does Section 8 pay for a 2-bedroom in ZIP 40059?

For ZIP 40059 in Oldham County, KY, the FY2027 two-bedroom Small Area Fair Market Rent is $1,910 per month. For illustration, 90% to 110% of this HUD benchmark is roughly $1,720 to $2,100. This modeled range is not the agency's adopted schedule. The agency calculates assistance using its applicable standard, household income and unit details; gross rent includes the allowance for tenant-paid utilities.

What are the FY2027 HUD rent benchmarks for ZIP 40059?

HUD's FY2027 Small Area Fair Market Rent for ZIP 40059, by bedroom size: studio $1,460, 1-bedroom $1,580, 2-bedroom $1,910, 3-bedroom $2,440, 4-bedroom $2,810. A ZIP benchmark helps compare locations but does not establish what a voucher pays. The administering agency's adopted schedule, program rules and household calculation determine assistance.

Section 8 Rent in ZIP 40059

FY2027 Small Area Fair Market Rent for ZIP 40059 in Oldham County, Kentucky: HUD rent benchmarks by bedroom size, an illustrative percentage range, the housing authorities that administer vouchers here, and whether a landlord can legally decline a voucher in Kentucky.

Studio

$1,460

1 BR

$1,580

2 BR

$1,910

3 BR

$2,440

4 BR

$2,810

What does the HUD rent benchmark measure in ZIP 40059?

HUD's Fair Market Rents estimate 40th-percentile gross rents for standard-quality units occupied by recent movers. Small Area FMRs provide ZIP-level estimates. These are not arithmetic average asking rents or approved voucher payments. For FY2027, that benchmark is $1,580 for a one-bedroom and $1,910 for a two-bedroom in ZIP 40059. Actual asking rents and adopted agency payment standards can differ. The full HUD benchmark table is above.

What changed from FY2026 to FY2027 in ZIP 40059

HUD's two-bedroom Small Area Fair Market Rent for ZIP 40059 stayed at $1,910 for FY2027. FY2027 figures took effect on October 1, 2026.

Bedrooms	FY2026	FY2027	Change
Efficiency (studio)	$1,450	$1,460	+$10 (+0.7%)
1-bedroom	$1,570	$1,580	+$10 (+0.6%)
2-bedroom	$1,910	$1,910	$0 (0%)
3-bedroom	$2,440	$2,440	$0 (0%)
4-bedroom	$2,840	$2,810	-$30 (-1.1%)

The FMR is not what the voucher pays. Each housing authority sets its own payment standard. The basic range is 90% to 110% of the applicable FMR or SAFMR, with exceptions and Moving to Work policies that may differ. A HUD effective date is not a household rent-change notice. Confirm the adopted schedule and its application to your lease or reexamination with your agency.

Source: HUD Small Area Fair Market Rents, FY2026 and FY2027, huduser.gov.

Illustration: 90% to 110% of the HUD benchmark (2 BR)

These percentages illustrate the basic payment-standard range, not a verified agency schedule. ZIP-based policies, approved exceptions and Moving to Work rules can differ.

Low (90%)

$1,720

FMR (100%)

$1,910

High (110%)

$2,100

Gross rent includes the applicable allowance for tenant-paid utilities. Ask your administering agency for the adopted standard and household affordability calculation; neither the HUD benchmark nor this illustration is a lease approval.

ZIP vs county FMR (2 BR)

ZIP 40059 at $1,910 is $634 higher than the Oldham County county-wide 2 BR FMR of $1,276. This is a comparison of HUD benchmarks. It does not establish the agency's adopted standard or the assistance available to a particular household.

Can a landlord refuse Section 8 in ZIP 40059?

Kentucky limits local voucher-acceptance ordinances. That does not establish that a particular refusal in ZIP 40059 is lawful: federal fair-housing duties and property funding or program requirements may still apply. Check the property with a fair-housing agency or legal aid.

KRS 65.874 (HB 18, 2024)

Enacted over the governor's veto; nullified Louisville and Lexington ordinances. PRRAC Appendix B (March 2026).

View statute →

Informational only, not legal advice. Laws change, so verify current status before acting on a rejection or making a leasing decision.

Frequently asked questions

How much does Section 8 pay for a 2-bedroom in ZIP 40059?: For ZIP 40059 in Oldham County, KY, the FY2027 two-bedroom Small Area Fair Market Rent is $1,910 per month. For illustration, 90% to 110% of this HUD benchmark is roughly $1,720 to $2,100. This modeled range is not the agency's adopted schedule. The agency calculates assistance using its applicable standard, household income and unit details; gross rent includes the allowance for tenant-paid utilities.
What are the FY2027 HUD rent benchmarks for ZIP 40059?: HUD's FY2027 Small Area Fair Market Rent for ZIP 40059, by bedroom size: studio $1,460, 1-bedroom $1,580, 2-bedroom $1,910, 3-bedroom $2,440, 4-bedroom $2,810. A ZIP benchmark helps compare locations but does not establish what a voucher pays. The administering agency's adopted schedule, program rules and household calculation determine assistance.

Find Section 8 apartments in ZIP 40059

VoucherMatch connects voucher holders with landlords who accept Section 8, and it is free for renters. The administering housing authority must approve the actual unit, rent and household assistance calculation.

Browse voucher-friendly listings in ZIP 40059 List your unit free

Oldham County overview All of Kentucky

Landlord and investor tools for Oldham County

RentalCalcs

Free calculators and guides from RentalCalcs, built by the VoucherMatch team, for landlords deciding whether to accept vouchers.

SAFMR data published by HUD for FY2027. ZIP 40059 maps to Oldham County, KY · FIPS 21185. Investors can run these numbers in the RentalCalcs voucher analyzer.