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Section 8 rent in Louisville, KY-IN

FY2025 HUD Small Area Fair Market Rents for the Louisville, KY-IN HUD Metro FMR Area, covering 130 ZIP codes.

$1,325Avg 2BR FMR / mo
$1,458Avg 2BR at 110% Standard
130ZIP Codes

Fair market rent by bedroom count

Base SAFMR across all ZIP codes in this market. Housing authorities may set payment standards between 90% and 110% of these rates.

BedroomsLowest ZIPAverageHighest ZIPAvg 110% Standard
Studio$880$998$1,510$1,097
1 Bedroom$970$1,091$1,640$1,200
2 Bedrooms$1,180$1,325$2,000$1,458
3 Bedrooms$1,540$1,715$2,580$1,886
4 Bedrooms$1,760$1,979$2,990$2,177

Small multifamily Section 8 income

Estimated gross monthly and annual rent for 2-to-4 unit properties, assuming every unit is rented to Section 8 at this market's average fair market rent. Small multifamily is a favorite for long-term buy-and-hold investors stacking stable voucher income across multiple doors.

Property TypeUnit MixGross Monthly RentGross Annual Rent
Duplex2 × 2BR$2,650$31,800
Triplex3 × 2BR$3,975$47,700
Fourplex4 × 2BR$5,300$63,600
Fourplex4 × 3BR$6,860$82,320

Gross scheduled rent before vacancy, maintenance and management. Run any Kentucky multifamily listing through RealG to model it against real operating costs, or try the rental property calculator.

Highest-paying ZIP codes

Top 15 of 130 ZIP codes in this market, ranked by 2-bedroom SAFMR.

ZIP Code1BR2BR3BR4BR
40026 $1,640 $2,000 $2,580 $2,990
40059 $1,640 $2,000 $2,580 $2,990
40023 $1,550 $1,890 $2,430 $2,820
40245 $1,510 $1,820 $2,350 $2,720
40223 $1,410 $1,710 $2,200 $2,560
47161 $1,390 $1,690 $2,180 $2,530
40241 $1,370 $1,670 $2,150 $2,500
40228 $1,360 $1,650 $2,130 $2,470
40243 $1,330 $1,620 $2,090 $2,420
40207 $1,310 $1,590 $2,050 $2,380
40242 $1,290 $1,570 $2,020 $2,350
40229 $1,280 $1,560 $2,010 $2,330
40299 $1,280 $1,560 $2,010 $2,330
40014 $1,270 $1,540 $1,980 $2,300
40056 $1,260 $1,530 $1,970 $2,290

Quick cash flow check

Free Tool

Estimate monthly cash flow renting to Section 8 at this market's average fair market rent.

Section 8 rent (avg FMR)—
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30-year fixed. Taxes and insurance estimated at 1.5% and 0.5% of price per year. Before vacancy, maintenance and management. For a full itemized analysis, run this market in RealG.

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Frequently asked questions

How much does Section 8 pay for a 2-bedroom in Louisville, KY-IN?
For FY2025, the average 2-bedroom Small Area Fair Market Rent in the Louisville, KY-IN HUD Metro FMR Area is $1,325 per month, ranging from $1,180 to $2,000 depending on ZIP code. Local housing authorities may set payment standards between 90% and 110% of these rates, so the average 2-bedroom payment standard can reach $1,458.
What is a Small Area Fair Market Rent (SAFMR)?
SAFMRs are fair market rents that HUD publishes at the ZIP code level instead of one rate for a whole metro area. They reflect what modest rental housing actually costs in each ZIP, which means higher payment standards in more expensive neighborhoods. Housing choice voucher payments in this market are based on these rates.
Why do rents vary so much between ZIP codes here?
In Louisville, KY-IN, 2-bedroom SAFMRs run from $1,180 to $2,000 per month. HUD sets each ZIP's rate from local rent data, so neighborhoods with stronger rental markets get higher voucher payment standards. For investors, the spread matters: the same house price can produce very different Section 8 rents a few ZIP codes apart.
How do I find Section 8 investment properties in Kentucky?
RealG searches live listings across Kentucky, runs Section 8 numbers on every property using these HUD rates, and grades each deal A through D against your buying criteria. You can start free with no credit card and see graded deals in this market in minutes.

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These are the rents. RealG finds the properties.

Every Kentucky listing analyzed against real HUD rates and graded A–D. The AI agent calls the sellers.

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