Metro FMR area · KY · HUD FY 2027

Owensboro, KY Fair Market Rent

HUD’s FY 2027 Fair Market Rent for a 2-bedroom in the Owensboro, KY area is $1,138 a month, 2% below the Kentucky average and 35% below the U.S. average of $1,761. ZIP-level Small Area FMRs for its 18 ZIP codes range from $1,000 to $1,230.

$1,1382-bedroom FMR+$28 (+2.5%) vs FY 2026
$8701-bedroom FMRU.S.: $1,478
$45,520Income for a 2-bedroomat 30% of income
112,762Residents2 counties

Can you afford the Fair Market Rent here?

Uses the common 30%-of-gross-income guideline. Results update as you type and stay in your browser.

Household income ($ per year, before tax)

Default: the income a 2-bedroom here needs at 30%.

Unit size

Rent you can afford at 30% of income$1,138/month

2-bedroom Fair Market Rent and the income it needs
Area	Fair Market Rent	Income needed	Share of your income
Owensboro, KY FMR	$1,138	$45,520	–
Kentucky average	$1,155	$46,214	–
U.S. average	$1,761	$70,432	–

Owensboro, KY Fair Market Rents, FY 2027 vs FY 2026
Unit	Owensboro, KY FY 2027	FY 2026	Change	Kentucky avg	U.S. avg	Income needed
Studio	$864	$840	+$24 (+2.9%)	$854	$1,379	$34,560
1 bedroom	$870	$846	+$24 (+2.8%)	$946	$1,478	$34,800
2 bedrooms	$1,138	$1,110	+$28 (+2.5%)	$1,155	$1,761	$45,520
3 bedrooms	$1,507	$1,466	+$41 (+2.8%)	$1,500	$2,266	$60,280
4 bedrooms	$1,516	$1,470	+$46 (+3.1%)	$1,708	$2,607	$60,640

Counties in this FMR area

Counties in the Owensboro, KY FMR area
County	Residents in area
Daviess County, KY	103,648
McLean County, KY	9,114

Small Area FMRs by ZIP code

Small Area FMRs apply to Housing Choice Vouchers where HUD requires them or the housing authority opts in; otherwise the metro FMR above applies. The median ZIP’s 2-bedroom SAFMR is $1,000.

Filter ZIP codes

FY 2027 Small Area Fair Market Rents, Owensboro, KY
ZIP	Studio	1BR	2BR	3BR	4BR	2BR vs FY 2026	2BR vs area FMR
42301	$900	$910	$1,190	$1,580	$1,590	+$20 (+1.7%)	5% above
42302	$870	$880	$1,150	$1,520	$1,530	+$30 (+2.7%)	1% above
42303	$930	$940	$1,230	$1,630	$1,640	+$50 (+4.2%)	8% above
42304	$870	$880	$1,150	$1,520	$1,530	+$30 (+2.7%)	1% above
42322	$760	$770	$1,000	$1,320	$1,330	−$20 (−2.0%)	12% below
42327	$760	$770	$1,000	$1,320	$1,330	−$20 (−2.0%)	12% below
42330	$760	$770	$1,000	$1,320	$1,330	−$20 (−2.0%)	12% below
42348	$760	$770	$1,000	$1,320	$1,330	−$20 (−2.0%)	12% below
42350	$870	$870	$1,140	$1,510	$1,520	+$30 (+2.7%)	about the same as
42351	$760	$790	$1,000	$1,320	$1,350	−$20 (−2.0%)	12% below
42352	$760	$770	$1,000	$1,320	$1,330	−$20 (−2.0%)	12% below
42355	$760	$770	$1,000	$1,320	$1,330	−$20 (−2.0%)	12% below
42356	$900	$910	$1,190	$1,580	$1,590	+$20 (+1.7%)	5% above
42366	$850	$860	$1,120	$1,480	$1,490	+$10 (+0.9%)	2% below
42371	$760	$770	$1,000	$1,320	$1,330	−$20 (−2.0%)	12% below
42372	$760	$770	$1,000	$1,320	$1,330	−$20 (−2.0%)	12% below
42376	$780	$790	$1,040	$1,370	$1,420	no change	9% below
42378	$760	$770	$1,000	$1,320	$1,400	−$20 (−2.0%)	12% 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).

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.