FMR is near market; voucher and private rents are aligned.
1.00
1 BR
1 BR- 40324
1.09ratio
FMR$1,250
Market$1,150
vs market+$100
FMR is near market; voucher and private rents are aligned.
1.09
2 BR
2 BR- 40324
0.88ratio
FMR$1,470
Market$1,670
vs market-$200
FMR is below market; voucher rent may lag private rents.
0.88
3 BR
3 BR- 40324
1.06ratio
FMR$2,020
Market$1,900
vs market+$120
FMR is near market; voucher and private rents are aligned.
1.06
4 BR
4 BR- 40324
0.92ratio
FMR$2,190
Market$2,380
vs market-$190
FMR is near market; voucher and private rents are aligned.
0.92
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
--
Georgetown, KY fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Georgetown, KY is $1,470 a month. That is up 12.2% from $1,310 in FY 2026. Georgetown is in the Lexington-Fayette, KY MSA. 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 metro-wide two-bedroom FMR of $1,416. The median county two-bedroom FMR in Kentucky is $925, so Georgetown is 59% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Georgetown, KY
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$910
$1,020
+12.1%
$918–$1,122
1BR
$1,110
$1,250
+12.6%
$1,125–$1,375
2BR
$1,310
$1,470
+12.2%
$1,323–$1,617
3BR
$1,800
$2,020
+12.2%
$1,818–$2,222
4BR
$2,000
$2,190
+9.5%
$1,971–$2,409
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Georgetown, KY
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,020
$1,250
$1,470
$2,020
$2,190
FY 2026
$910
$1,110
$1,310
$1,800
$2,000
FY 2025
$780
$960
$1,140
$1,550
$1,740
FY 2024
$780
$960
$1,150
$1,560
$1,770
FY 2023
$700
$830
$1,010
$1,380
$1,590
Questions about Georgetown, KY rents
How much will Section 8 pay for a two-bedroom in Georgetown, KY?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,416, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,274 to $1,558 a month; under the ZIP-level Small Area FMR of $1,470 it would be $1,323 to $1,617. 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 Georgetown, KY in?
Georgetown, KY is in the Lexington-Fayette, KY MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,416.
How much did fair market rent change in Georgetown, KY for FY 2027?
The two-bedroom FMR rose 12.2%, from $1,310 in FY 2026 to $1,470 in FY 2027. Since FY 2023 it has risen 45.5%.
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