What is the Fair Market Rent in Shively, KY?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 40216, which covers Shively, is $1,070 a month.

Across the whole Louisville, KY-IN HUD Metro FMR Area the two-bedroom figure is $1,276.

The Census Bureau’s median gross rent for a two-bedroom home in Shively is $984 (±$73), below the Small Area figure for ZIP 40216.

Figures last updated on November 12, 2026.

2 bedrooms, whole area: $1,276
2 bedrooms, ZIP 40216: $1,070

Fair Market Rents for Shively, fiscal year 2027

HUD Fair Market Rent, dollars a month (gross rent, including utilities), beside the Census Bureau’s median gross rent for each ZIP code
	Studio	1 bedroom	2 bedrooms	3 bedrooms	4 bedrooms	Census median rent
Louisville, KY-IN HUD Metro FMR Area (whole area)	$976	$1,058	$1,276	$1,629	$1,874	—
ZIP 40216 (28% of the ZIP’s land is in this place)	$820	$890	$1,070	$1,370	$1,570	$945

A Fair Market Rent is HUD’s estimate of the gross rent (shelter plus utilities) of a modest rental home in the area.

Whether a housing authority uses the ZIP code (Small Area) figures or the area-wide one depends on whether HUD has designated the area for Small Area FMRs or the authority has opted in; ask the local housing authority which applies.

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Questions about Shively

What is the Section 8 payment standard in Shively?

Housing authorities set payment standards between 90% and 110% of HUD’s Fair Market Rent; for fiscal year 2027, the two-bedroom Fair Market Rent for the Louisville, KY-IN HUD Metro FMR Area is $1,276, and the Small Area figure for 40216 is $1,070.

What is the Fair Market Rent for a two-bedroom in ZIP 40216?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 40216 is $1,070 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $945 (±$37).

What is the Fair Market Rent for a one-bedroom in Shively?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 40216 is $890 a month, against $1,058 across the Louisville, KY-IN HUD Metro FMR Area.

Sources

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.