Kentucky · FIPS 21229 · HUD FY 2027
Washington County, Kentucky Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Washington County is $939 a month (rent plus utilities), 19% below the Kentucky average of $1,155 and 47% below the U.S. average of $1,761. That is up $10 (1.1%) from FY 2026. At 30% of income, a household needs about $37,560 a year to afford it.
- $9392-bedroom FMR+$10 (+1.1%) vs FY 2026
- $7181-bedroom FMRKentucky: $946 · U.S.: $1,478
- $37,560Income for a 2-bedroom$18/hour full-time
- 58 of 1202BR rank in Kentucky1 = highest rent
| Unit | Washington County FY 2027 | FY 2026 | Change | Kentucky avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $671 | $664 | +$7 (+1.1%) | $854 | $1,379 | $26,840 |
| 1 bedroom | $718 | $708 | +$10 (+1.4%) | $946 | $1,478 | $28,720 |
| 2 bedrooms | $939 | $929 | +$10 (+1.1%) | $1,155 | $1,761 | $37,560 |
| 3 bedrooms | $1,300 | $1,226 | +$74 (+6.0%) | $1,500 | $2,266 | $52,000 |
| 4 bedrooms | $1,343 | $1,323 | +$20 (+1.5%) | $1,708 | $2,607 | $53,720 |
How Washington County compares
- Washington 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: $671, $718, $939, $1,300, $1,343. 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 Washington County (by land area), the 2-bedroom figure ranges from $920 to $1,350.
Small Area FMRs by ZIP code in Washington County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 40040 | $960 | $1,030 | $1,350 | $1,870 | $1,930 | −$20 (−1.5%) | 44% above |
| 40061 | $660 | $710 | $920 | $1,270 | $1,330 | +$20 (+2.2%) | 2% below |
| 40069 | $700 | $710 | $920 | $1,270 | $1,540 | +$20 (+2.2%) | 2% below |
| 40078 | $800 | $860 | $1,120 | $1,550 | $1,600 | −$50 (−4.3%) | 19% 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.