Kentucky · FIPS 21209 · HUD FY 2027
Scott County, Kentucky Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Scott County is $1,416 a month (rent plus utilities), 23% above the Kentucky average of $1,155 and 20% below the U.S. average of $1,761. That is up $144 (11.3%) from FY 2026. At 30% of income, a household needs about $56,640 a year to afford it.
- $1,4162-bedroom FMR+$144 (+11.3%) vs FY 2026
- $1,2051-bedroom FMRKentucky: $946 · U.S.: $1,478
- $56,640Income for a 2-bedroom$27/hour full-time
- 7 of 1202BR rank in Kentucky1 = highest rent
| Unit | Scott County FY 2027 | FY 2026 | Change | Kentucky avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $986 | $883 | +$103 (+11.7%) | $854 | $1,379 | $39,440 |
| 1 bedroom | $1,205 | $1,079 | +$126 (+11.7%) | $946 | $1,478 | $48,200 |
| 2 bedrooms | $1,416 | $1,272 | +$144 (+11.3%) | $1,155 | $1,761 | $56,640 |
| 3 bedrooms | $1,948 | $1,743 | +$205 (+11.8%) | $1,500 | $2,266 | $77,920 |
| 4 bedrooms | $2,108 | $1,940 | +$168 (+8.7%) | $1,708 | $2,607 | $84,320 |
How Scott County compares
- HUD sets this rent for the Lexington-Fayette, KY metro FMR area, which covers 522,560 residents in 6 counties.
- Across Kentucky, 2-bedroom FMRs run from $909 (Wolfe County) to $1,442 (Boone County).
- Studio to 4-bedroom: $986, $1,205, $1,416, $1,948, $2,108. 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 3 ZIP codes mostly in Scott County (by land area), the 2-bedroom figure ranges from $1,280 to $1,500.
Small Area FMRs by ZIP code in Scott County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 40324 | $1,020 | $1,250 | $1,470 | $2,020 | $2,190 | +$160 (+12.2%) | 4% above |
| 40370 | $1,050 | $1,260 | $1,500 | $2,070 | $2,240 | +$120 (+8.7%) | 6% above |
| 40379 | $890 | $1,090 | $1,280 | $1,760 | $1,910 | +$90 (+7.6%) | 10% below |
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.