Kentucky · FIPS 21187 · HUD FY 2027
Owen County, Kentucky Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Owen County is $1,022 a month (rent plus utilities), 12% below the Kentucky average of $1,155 and 42% below the U.S. average of $1,761. That is up $27 (2.7%) from FY 2026. At 30% of income, a household needs about $40,880 a year to afford it.
- $1,0222-bedroom FMR+$27 (+2.7%) vs FY 2026
- $7811-bedroom FMRKentucky: $946 · U.S.: $1,478
- $40,880Income for a 2-bedroom$20/hour full-time
- 40 of 1202BR rank in Kentucky1 = highest rent
| Unit | Owen County FY 2027 | FY 2026 | Change | Kentucky avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $730 | $711 | +$19 (+2.7%) | $854 | $1,379 | $29,200 |
| 1 bedroom | $781 | $758 | +$23 (+3.0%) | $946 | $1,478 | $31,240 |
| 2 bedrooms | $1,022 | $995 | +$27 (+2.7%) | $1,155 | $1,761 | $40,880 |
| 3 bedrooms | $1,396 | $1,329 | +$67 (+5.0%) | $1,500 | $2,266 | $55,840 |
| 4 bedrooms | $1,428 | $1,389 | +$39 (+2.8%) | $1,708 | $2,607 | $57,120 |
How Owen County compares
- Owen 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: $730, $781, $1,022, $1,396, $1,428. 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 5 ZIP codes mostly in Owen County (by land area), the 2-bedroom figure ranges from $910 to $1,430.
Small Area FMRs by ZIP code in Owen County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 40355 | $740 | $790 | $1,020 | $1,370 | $1,450 | +$50 (+5.2%) | about the same as |
| 40359 | $650 | $690 | $910 | $1,240 | $1,270 | +$40 (+4.6%) | 11% below |
| 40363 | $740 | $790 | $1,040 | $1,370 | $1,430 | +$90 (+9.5%) | 2% above |
| 41046 | $1,040 | $1,110 | $1,430 | $1,880 | $2,090 | +$70 (+5.1%) | 40% above |
| 41098 | $860 | $920 | $1,200 | $1,540 | $1,630 | +$150 (+14.3%) | 17% 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.