Rent by ZIP · Bourbon County
Rent in Millersburg, KY 40348
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,150 (+9.5% vs FY2026). Renters in this ZIP code pay a median $641 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $800 | $720 | +11.1% | $720–880 | – |
| 1 bedroom | $980 | $890 | +10.1% | $882–1,078 | $609 ±$159 |
| 2 bedrooms | $1,150 | $1,050 | +9.5% | $1,035–1,265 | $728 ±$15 |
| 3 bedrooms | $1,570 | $1,430 | +9.8% | $1,413–1,727 | $924 ±$58 |
| 4 bedrooms | $1,750 | $1,610 | +8.7% | $1,575–1,925 | – |
Small Area FMRs for the Lexington-Fayette, KY MSA. This ZIP code is in more than one HUD area; figures are for the main one. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Lexington-Fayette, KY MSA, 2 bedrooms: $1,416.
What renters pay in 40348
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 40347 | Midway | $1,290 | $1,113 |
| 40346 | Means | $940 | – |
| 40350 | Moorefield | $920 | – |
| 40351 | Morehead | $940 | $790 |
| 40353 | Mount Sterling | $1,150 | $865 |
| 40342 | Lawrenceburg | $1,120 | $899 |
Fair Market Rents across Bourbon County, KY · All KY counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.