Rent by ZIP · Madison County
Rent in Richmond, KY 40475
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,030 (+8.4% vs FY2026). Renters in this ZIP code pay a median $911 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $720 | $690 | +4.3% | $648–792 | $712 ±$203 |
| 1 bedroom | $890 | $820 | +8.5% | $801–979 | $755 ±$53 |
| 2 bedrooms | $1,030 | $950 | +8.4% | $927–1,133 | $906 ±$37 |
| 3 bedrooms | $1,430 | $1,320 | +8.3% | $1,287–1,573 | $1,097 ±$47 |
| 4 bedrooms | $1,660 | $1,490 | +11.4% | $1,494–1,826 | $1,360 ±$212 |
Small Area FMRs for the Madison County, KY. 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 40475
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 |
|---|---|---|---|
| 40472 | Ravenna | $1,040 | $855 |
| 40481 | Sandgap | $910 | – |
| 40468 | Perryville | $1,110 | $680 |
| 40484 | Stanford | $910 | $646 |
| 40464 | Parksville | $930 | – |
| 40486 | Tyner | $930 | – |
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.