FMR is below market; voucher rent may lag private rents.
0.71
1 BR
1 BR- 40027
0.84ratio
FMR$1,080
Market$1,280
vs market-$200
FMR is below market; voucher rent may lag private rents.
0.84
2 BR
2 BR- 40027
0.76ratio
FMR$1,300
Market$1,720
vs market-$420
FMR is below market; voucher rent may lag private rents.
0.76
3 BR
3 BR- 40027
0.77ratio
FMR$1,660
Market$2,160
vs market-$500
FMR is below market; voucher rent may lag private rents.
0.77
4 BR
4 BR- 40027
0.75ratio
FMR$1,910
Market$2,560
vs market-$650
FMR is below market; voucher rent may lag private rents.
0.75
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
--
Harrods Creek, KY fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Harrods Creek, KY is $1,300 a month. That is up 0.8% from $1,290 in FY 2026. Harrods Creek is in the Louisville, KY-IN HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Kentucky is $925, so Harrods Creek is 41% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Harrods Creek, KY
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$980
$990
+1.0%
$891–$1,089
1BR
$1,060
$1,080
+1.9%
$972–$1,188
2BR
$1,290
$1,300
+0.8%
$1,170–$1,430
3BR
$1,650
$1,660
+0.6%
$1,494–$1,826
4BR
$1,920
$1,910
−0.5%
$1,719–$2,101
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Harrods Creek, KY
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$990
$1,080
$1,300
$1,660
$1,910
FY 2026
$980
$1,060
$1,290
$1,650
$1,920
FY 2025
$1,020
$1,110
$1,350
$1,740
$2,020
FY 2024
$990
$1,090
$1,320
$1,730
$1,980
FY 2023
$790
$890
$1,070
$1,420
$1,630
Questions about Harrods Creek, KY rents
How much will Section 8 pay for a two-bedroom in Harrods Creek, KY?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,300, that basic range is $1,170 to $1,430 a month. 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 Harrods Creek, KY in?
Harrods Creek, KY is in the Louisville, KY-IN HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Harrods Creek, KY for FY 2027?
The two-bedroom FMR rose 0.8%, from $1,290 in FY 2026 to $1,300 in FY 2027. Since FY 2023 it has risen 21.5%.
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