Rent by ZIP · Madison County
Rent in Waco, KY 40385
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $980 (+6.5% vs FY2026). Renters in this ZIP code pay a median $680 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $690 | $670 | +3% | $621–759 | – |
| 1 bedroom | $860 | $800 | +7.5% | $774–946 | – |
| 2 bedrooms | $980 | $920 | +6.5% | $882–1,078 | $915 ±$479 |
| 3 bedrooms | $1,320 | $1,240 | +6.5% | $1,188–1,452 | – |
| 4 bedrooms | $1,540 | $1,390 | +10.8% | $1,386–1,694 | – |
Small Area FMRs for the Madison County, KY. 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 Madison County, KY, 2 bedrooms: $993.
What renters pay in 40385
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 |
|---|---|---|---|
| 40383 | Versailles | $1,360 | $985 |
| 40387 | Wellington | $910 | – |
| 40380 | Stanton | $910 | $720 |
| 40390 | Wilmore | $1,150 | $810 |
| 40379 | Stamping Ground | $1,280 | $579 |
| 40391 | Winchester | $1,180 | $939 |
Fair Market Rents across Madison 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.