Jessamine County, KY

2024 Fair Market Rents

Tags: 2024 Lexington-Fayette, KY MSA

Return to the state page to see where Kentucky ranks nationally and to view information on other counties. Click on the map to view a different county.

The top four largest cities in Jessamine County are Nicholasville, Versailles, Wilmore, and Keene. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Jessamine County use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Jessamine County is not required to use Small Area FMRs by the HUD. It is at the discretion of the local Housing Authority to determine if SAFMRs or 40th percentile FMRs are used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Jessamine County compare?

Jessamine County ($1,177) has a 24.4% higher FMR for 2-Bedroom housing than the average of Kentucky ($946) and therefore a higher gross rent.

Jessamine County is rank 8th out of 120 counties. This means the FMRs, or in other words, the gross rent is higher than 112 other counties. Jessamine County is the 8th most expensive county in terms of FMRs.

Rent Tables Jessamine County, KY

Fair Market Rent (40th Percentile)

$802
studio
$983
1-Bedroom
$1,177
2-Bedroom
$1,599
3-Bedroom
$1,807
4-Bedroom

Median Rent (50th Percentile)

$863
studio
$1,057
1-Bedroom
$1,266
2-Bedroom
$1,720
3-Bedroom
$1,944
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
40339 $0 $860 $1,030 $1,410 $1,590
40340 $0 $890 $1,060 $1,440 $1,630
40356 $0 $850 $1,020 $1,390 $1,570
40383 $0 $880 $1,050 $1,430 $1,610
40390 $0 $820 $980 $1,330 $1,500
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
40339 $639 $774 $927 $1,269 $1,431
40340 $648 $801 $954 $1,296 $1,467
40356 $630 $765 $918 $1,251 $1,413
40383 $648 $792 $945 $1,287 $1,449
40390 $603 $738 $882 $1,197 $1,350
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
40339 $781 $946 $1,133 $1,551 $1,749
40340 $792 $979 $1,166 $1,584 $1,793
40356 $770 $935 $1,122 $1,529 $1,727
40383 $792 $968 $1,155 $1,573 $1,771
40390 $737 $902 $1,078 $1,463 $1,650

Fair Market Rents on this page apply to the following cities in Jessamine County, Kentucky: Nicholasville, Versailles, Wilmore, and Keene.

These Fair Market Rents also apply to the following ZIP codes in Jessamine County, Kentucky: 40356, 40383, 40390, 40340, and 40339.

Jessamine County, KY is considered part of the following metro FMR area: LEXINGTON-FAYETTE, KY MSA.

Other counties in the same metro FMR area are: Bourbon County, KY, Clark County, KY, Fayette County, KY, Scott County, KY, and Woodford County, KY.

More on Jessamine County, KY

Citation

Link to this Page:

Questions or Comments? Contact us

Data Source

HUD Seal

Fair Market Rents are published by the Department of Housing And Urban Development.