Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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Midway, KY fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Midway, KY is $1,290 a month. That is up 12.2% from $1,150 in FY 2026. Midway 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 Midway is 39% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Midway, KY
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$800
$900
+12.5%
$810–$990
1BR
$970
$1,080
+11.3%
$972–$1,188
2BR
$1,150
$1,290
+12.2%
$1,161–$1,419
3BR
$1,570
$1,750
+11.5%
$1,575–$1,925
4BR
$1,760
$1,930
+9.7%
$1,737–$2,123
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Midway, KY
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$900
$1,080
$1,290
$1,750
$1,930
FY 2026
$800
$970
$1,150
$1,570
$1,760
FY 2025
$740
$900
$1,080
$1,450
$1,650
FY 2024
$760
$940
$1,120
$1,520
$1,720
FY 2023
$690
$820
$1,000
$1,360
$1,580
Questions about Midway, KY rents
How much will Section 8 pay for a two-bedroom in Midway, 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 $1,290 it would be $1,161 to $1,419. 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 Midway, KY in?
Midway, 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 Midway, KY for FY 2027?
The two-bedroom FMR rose 12.2%, from $1,150 in FY 2026 to $1,290 in FY 2027. Since FY 2023 it has risen 29.0%.
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