FMR is below market; voucher rent may lag private rents.
0.86
1 BR
1 BR- 40313
0.94ratio
FMR$930
Market$990
vs market-$60
FMR is near market; voucher and private rents are aligned.
0.94
2 BR
2 BR- 40313
1.11ratio
FMR$1,150
Market$1,040
vs market+$110
FMR is above market; underwrite to market rent.
1.11
3 BR
3 BR- 40313
1.36ratio
FMR$1,470
Market$1,080
vs market+$390
FMR is above market; underwrite to market rent.
1.36
4 BR
4 BR- 40313
1.64ratio
FMR$1,920
Market$1,170
vs market+$750
FMR is above market; underwrite to market rent.
1.64
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
Clearfield, KY fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Clearfield, KY is $1,150 a month. That is up 12.7% from $1,020 in FY 2026. Clearfield is in the Rowan County, KY non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $977. The median county two-bedroom FMR in Kentucky is $925, so Clearfield is 24% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Clearfield, KY
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$700
$830
+18.6%
$747–$913
1BR
$820
$930
+13.4%
$837–$1,023
2BR
$1,020
$1,150
+12.7%
$1,035–$1,265
3BR
$1,290
$1,470
+14.0%
$1,323–$1,617
4BR
$1,710
$1,920
+12.3%
$1,728–$2,112
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Clearfield, KY
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$830
$930
$1,150
$1,470
$1,920
FY 2026
$700
$820
$1,020
$1,290
$1,710
FY 2025
$640
$750
$940
$1,180
$1,580
FY 2024area FMR
$588
$704
$867
$1,104
$1,471
FY 2023area FMR
$558
$634
$770
$965
$1,310
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Clearfield, KY rents
How much will Section 8 pay for a two-bedroom in Clearfield, KY?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $977, which applies unless the housing authority uses Small Area FMRs, that basic range is $879 to $1,075 a month; under the ZIP-level Small Area FMR of $1,150 it would be $1,035 to $1,265. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Clearfield, KY in?
Clearfield, KY is in the Rowan County, KY non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $977.
How much did fair market rent change in Clearfield, KY for FY 2027?
The two-bedroom FMR rose 12.7%, from $1,020 in FY 2026 to $1,150 in FY 2027. Since FY 2025 it has risen 22.3%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set