HUD publishes Fair Market Rent for 866 ZIP codes across 95 HUD FMR areas in KY. Two-bedroom FMR ranges from $910 to $1,980.
| Bedrooms | Average FY2027 FMR |
|---|---|
| Studio | $775 |
| 1 bedroom | $860 |
| 2 bedroom | $1,056 |
| 3 bedroom | $1,357 |
| 4 bedroom | $1,547 |
Across the 866 KY ZIP codes present in both years, the average two-bedroom Fair Market Rent increased from $1,014 to $1,056, a change of +$42 (+4.1%). Payment standards follow FMR, so an increase generally raises the ceiling a voucher can cover in KY.
KY is divided into 95 HUD FMR areas. Each sets its own rent standard, so the ceiling a voucher can cover changes depending on which area a unit sits in.
| FMR Area | ZIP Codes | Avg 2BR | 2BR Range |
|---|---|---|---|
| Lexington-Fayette | 44 | $1,438 | $1,150 - $1,980 |
| Shelby County | 12 | $1,328 | $1,010 - $1,820 |
| Louisville | 97 | $1,278 | $1,010 - $1,910 |
| Livingston County | 6 | $1,203 | $1,050 - $1,510 |
| Grant County | 3 | $1,203 | $1,080 - $1,330 |
| McCracken County | 4 | $1,198 | $1,130 - $1,250 |
| Bowling Green | 6 | $1,188 | $1,040 - $1,370 |
| Franklin County | 6 | $1,183 | $1,150 - $1,290 |
| Owen County | 13 | $1,182 | $910 - $1,500 |
| Allen County | 3 | $1,180 | $1,030 - $1,410 |
| Trimble County | 5 | $1,176 | $1,010 - $1,400 |
| Ballard County | 5 | $1,152 | $970 - $1,300 |
| Simpson County | 5 | $1,146 | $1,040 - $1,240 |
| Calloway County | 2 | $1,135 | $1,090 - $1,180 |
| Nicholas County | 5 | $1,104 | $920 - $1,150 |
| Owensboro | 9 | $1,096 | $1,000 - $1,230 |
| Lyon County | 5 | $1,096 | $910 - $1,220 |
| Anderson County | 2 | $1,090 | $1,090 - $1,090 |
| Robertson County | 6 | $1,080 | $980 - $1,260 |
| Pike County | 45 | $1,071 | $910 - $1,150 |
| Carroll County | 3 | $1,060 | $1,010 - $1,100 |
| Todd County | 13 | $1,058 | $910 - $1,220 |
| Elizabethtown | 11 | $1,055 | $960 - $1,200 |
| Hopkins County | 8 | $1,053 | $910 - $1,220 |
| Marshall County | 9 | $1,048 | $910 - $1,450 |
| Meade County | 5 | $1,042 | $970 - $1,240 |
| Logan County | 1 | $1,040 | $1,040 - $1,040 |
| Lewis County | 6 | $1,035 | $950 - $1,180 |
| Montgomery County | 5 | $1,034 | $910 - $1,180 |
| Grayson County | 7 | $1,024 | $910 - $1,140 |
| Washington County | 11 | $1,022 | $910 - $1,350 |
| Graves County | 10 | $1,016 | $910 - $1,170 |
| Nelson County | 7 | $1,013 | $960 - $1,070 |
| Harrison County | 1 | $1,010 | $1,010 - $1,010 |
| Muhlenberg County | 14 | $1,002 | $910 - $1,220 |
| McCreary County | 7 | $999 | $910 - $1,120 |
| Perry County | 26 | $997 | $910 - $1,040 |
| Powell County | 5 | $996 | $910 - $1,150 |
| Henderson County | 7 | $994 | $910 - $1,190 |
| Mason County | 7 | $993 | $910 - $1,040 |
| Barren County | 7 | $991 | $920 - $1,090 |
| Green County | 1 | $990 | $990 - $990 |
| Breckinridge County | 17 | $988 | $910 - $1,360 |
| Floyd County | 27 | $986 | $910 - $1,260 |
| Lawrence County | 7 | $984 | $960 - $1,020 |
| Knott County | 19 | $981 | $910 - $1,100 |
| Crittenden County | 4 | $980 | $910 - $1,050 |
| Rowan County | 8 | $978 | $910 - $1,150 |
| Hancock County | 3 | $977 | $930 - $1,000 |
| Madison County | 6 | $975 | $920 - $1,030 |
| Butler County | 7 | $974 | $910 - $1,180 |
| Harlan County | 24 | $973 | $910 - $1,160 |
| Lee County | 4 | $973 | $910 - $1,000 |
| Mercer County | 3 | $970 | $930 - $1,040 |
| Union County | 4 | $963 | $910 - $1,060 |
| Martin County | 8 | $963 | $910 - $1,030 |
| Ohio County | 18 | $962 | $910 - $1,120 |
| Wolfe County | 5 | $962 | $910 - $1,060 |
| Webster County | 11 | $960 | $910 - $1,110 |
| Fulton County | 1 | $950 | $950 - $950 |
| Hickman County | 7 | $949 | $910 - $1,100 |
| Hart County | 7 | $947 | $910 - $1,060 |
| Johnson County | 20 | $944 | $910 - $1,060 |
| Taylor County | 7 | $943 | $910 - $1,090 |
| Carter County | 3 | $940 | $910 - $1,000 |
| Laurel County | 10 | $940 | $910 - $970 |
| Garrard County | 1 | $940 | $940 - $940 |
| Lincoln County | 6 | $937 | $910 - $950 |
| Monroe County | 7 | $937 | $910 - $1,030 |
| Marion County | 5 | $934 | $910 - $960 |
| Metcalfe County | 10 | $933 | $910 - $1,010 |
| Owsley County | 7 | $931 | $910 - $990 |
| Boyle County | 1 | $930 | $930 - $930 |
| Breathitt County | 5 | $930 | $910 - $960 |
| Whitley County | 8 | $929 | $910 - $950 |
| Letcher County | 25 | $929 | $910 - $1,040 |
| Leslie County | 21 | $929 | $910 - $1,100 |
| Rockcastle County | 9 | $927 | $910 - $1,010 |
| Elliott County | 2 | $925 | $910 - $940 |
| Casey County | 4 | $925 | $920 - $930 |
| Menifee County | 2 | $925 | $920 - $930 |
| Magoffin County | 5 | $924 | $910 - $950 |
| Pulaski County | 11 | $924 | $910 - $960 |
| Bell County | 8 | $923 | $910 - $1,010 |
| Wayne County | 4 | $920 | $910 - $950 |
| Morgan County | 8 | $916 | $910 - $950 |
| Knox County | 13 | $915 | $910 - $940 |
| Russell County | 5 | $914 | $910 - $920 |
| Clay County | 5 | $912 | $910 - $920 |
| Cumberland County | 1 | $910 | $910 - $910 |
| Bath County | 1 | $910 | $910 - $910 |
| Fleming County | 2 | $910 | $910 - $910 |
| Jackson County | 2 | $910 | $910 - $910 |
| Carlisle County | 1 | $910 | $910 - $910 |
| Adair County | 3 | $910 | $910 - $910 |
| ZIP | FMR Area | 2BR FMR |
|---|---|---|
| 40514 | Lexington-Fayette | $1,980 |
| 40059 | Louisville | $1,910 |
| 47143 | Louisville | $1,910 |
| 40245 | Shelby County | $1,820 |
| 40513 | Lexington-Fayette | $1,800 |
| 40509 | Lexington-Fayette | $1,760 |
| 40515 | Lexington-Fayette | $1,690 |
| 40223 | Louisville | $1,660 |
| 40241 | Louisville | $1,640 |
| 40026 | Louisville | $1,620 |
| 40510 | Lexington-Fayette | $1,580 |
| 40228 | Louisville | $1,580 |
| 40056 | Shelby County | $1,560 |
| 40511 | Lexington-Fayette | $1,560 |
| 40207 | Louisville | $1,550 |
| 40023 | Shelby County | $1,540 |
| 40025 | Louisville | $1,530 |
| 40222 | Louisville | $1,530 |
| 42058 | Livingston County | $1,510 |
| 40370 | Owen County | $1,500 |
| 40517 | Lexington-Fayette | $1,490 |
| 40243 | Louisville | $1,480 |
| 40229 | Louisville | $1,480 |
| 40324 | Lexington-Fayette | $1,470 |
| 40299 | Louisville | $1,470 |
| ZIP | FMR Area | 2BR FMR |
|---|---|---|
| 42720 | Adair County | $910 |
| 40358 | Bath County | $910 |
| 42252 | Butler County | $910 |
| 42023 | Carlisle County | $910 |
| 41142 | Carter County | $910 |
| 42753 | Adair County | $910 |
| 40111 | Breckinridge County | $910 |
| 42201 | Butler County | $910 |
| 42288 | Butler County | $910 |
| 41173 | Carter County | $910 |
| 41310 | Breathitt County | $910 |
| 40913 | Clay County | $910 |
| 40932 | Clay County | $910 |
| 42742 | Adair County | $910 |
| 40944 | Clay County | $910 |
| 40951 | Clay County | $910 |
| 42033 | Crittenden County | $910 |
| 42037 | Crittenden County | $910 |
| 42261 | Butler County | $910 |
| 41081 | Fleming County | $910 |
| 42759 | Cumberland County | $910 |
| 42219 | Butler County | $910 |
| 41180 | Elliott County | $910 |
| 41037 | Fleming County | $910 |
| 40813 | Bell County | $910 |
Fair Market Rent is not what a family pays and not what the voucher pays. The housing authority sets a payment standard from it, normally 90% to 110% of FMR. How voucher amounts are calculated.
Source: US Department of Housing and Urban Development, FY2027 Fair Market Rents.
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