FMR is near market; voucher and private rents are aligned.
0.97
1 BR
1 BR- 42431
0.96ratio
FMR$750
Market$780
vs market-$30
FMR is near market; voucher and private rents are aligned.
0.96
2 BR
2 BR- 42431
1.13ratio
FMR$980
Market$870
vs market+$110
FMR is above market; underwrite to market rent.
1.13
3 BR
3 BR- 42431
1.35ratio
FMR$1,280
Market$950
vs market+$330
FMR is above market; underwrite to market rent.
1.35
4 BR
4 BR- 42431
1.29ratio
FMR$1,440
Market$1,120
vs market+$320
FMR is above market; underwrite to market rent.
1.29
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
--
Madisonville, KY fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Madisonville, KY is $980 a month. That is up 6.5% from $920 in FY 2026. Madisonville is in the Hopkins 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 $959. The median county two-bedroom FMR in Kentucky is $925, so Madisonville is 6% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Madisonville, KY
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$680
$720
+5.9%
$648–$792
1BR
$700
$750
+7.1%
$675–$825
2BR
$920
$980
+6.5%
$882–$1,078
3BR
$1,190
$1,280
+7.6%
$1,152–$1,408
4BR
$1,360
$1,440
+5.9%
$1,296–$1,584
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Madisonville, KY
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$720
$750
$980
$1,280
$1,440
FY 2026
$680
$700
$920
$1,190
$1,360
FY 2025
$670
$720
$940
$1,200
$1,340
FY 2024area FMR
$628
$695
$913
$1,176
$1,319
FY 2023area FMR
$551
$622
$819
$1,072
$1,183
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Madisonville, KY rents
How much will Section 8 pay for a two-bedroom in Madisonville, KY?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $959, which applies unless the housing authority uses Small Area FMRs, that basic range is $863 to $1,055 a month; under the ZIP-level Small Area FMR of $980 it would be $882 to $1,078. 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 Madisonville, KY in?
Madisonville, KY is in the Hopkins County, KY non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $959.
How much did fair market rent change in Madisonville, KY for FY 2027?
The two-bedroom FMR rose 6.5%, from $920 in FY 2026 to $980 in FY 2027. Since FY 2025 it has risen 4.3%.
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