Kentucky · FIPS 21021 · HUD FY 2027
Boyle County, Kentucky Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Boyle County is $925 a month (rent plus utilities), 20% below the Kentucky average of $1,155 and 47% below the U.S. average of $1,761. That is up $12 (1.3%) from FY 2026. At 30% of income, a household needs about $37,000 a year to afford it.
- $9252-bedroom FMR+$12 (+1.3%) vs FY 2026
- $7251-bedroom FMRKentucky: $946 · U.S.: $1,478
- $37,000Income for a 2-bedroom$18/hour full-time
- 60 of 1202BR rank in Kentucky1 = highest rent
| Unit | Boyle County FY 2027 | FY 2026 | Change | Kentucky avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $720 | $693 | +$27 (+3.9%) | $854 | $1,379 | $28,800 |
| 1 bedroom | $725 | $698 | +$27 (+3.9%) | $946 | $1,478 | $29,000 |
| 2 bedrooms | $925 | $913 | +$12 (+1.3%) | $1,155 | $1,761 | $37,000 |
| 3 bedrooms | $1,183 | $1,200 | −$17 (−1.4%) | $1,500 | $2,266 | $47,320 |
| 4 bedrooms | $1,216 | $1,351 | −$135 (−10.0%) | $1,708 | $2,607 | $48,640 |
How Boyle County compares
- Boyle County is a non-metro county, so HUD sets one Fair Market Rent for the whole county.
- Across Kentucky, 2-bedroom FMRs run from $909 (Wolfe County) to $1,442 (Boone County).
- Studio to 4-bedroom: $720, $725, $925, $1,183, $1,216. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 4 ZIP codes mostly in Boyle County (by land area), the 2-bedroom figure ranges from $930 to $1,110.
Small Area FMRs by ZIP code in Boyle County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 40422 | $720 | $730 | $930 | $1,190 | $1,310 | −$10 (−1.1%) | 1% above |
| 40440 | $740 | $740 | $950 | $1,220 | $1,250 | +$80 (+9.2%) | 3% above |
| 40464 | $690 | $760 | $930 | $1,160 | $1,310 | +$20 (+2.2%) | 1% above |
| 40468 | $860 | $870 | $1,110 | $1,420 | $1,460 | +$60 (+5.7%) | 20% above |
Sources
- U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
- HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.