FMR is below market; voucher rent may lag private rents.
0.77
1 BR
1 BR- 40056
0.93ratio
FMR$1,290
Market$1,380
vs market-$90
FMR is near market; voucher and private rents are aligned.
0.93
2 BR
2 BR- 40056
0.84ratio
FMR$1,560
Market$1,850
vs market-$290
FMR is below market; voucher rent may lag private rents.
0.84
3 BR
3 BR- 40056
0.99ratio
FMR$1,990
Market$2,010
vs market-$20
FMR is near market; voucher and private rents are aligned.
0.99
4 BR
4 BR- 40056
0.84ratio
FMR$2,290
Market$2,730
vs market-$440
FMR is below market; voucher rent may lag private rents.
0.84
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
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Pewee Valley, KY fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Pewee Valley, KY is $1,560 a month. That is up 8.3% from $1,440 in FY 2026. Pewee Valley is in the Shelby County, KY 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 Pewee Valley is 69% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Pewee Valley, KY
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,090
$1,190
+9.2%
$1,071–$1,309
1BR
$1,180
$1,290
+9.3%
$1,161–$1,419
2BR
$1,440
$1,560
+8.3%
$1,404–$1,716
3BR
$1,840
$1,990
+8.2%
$1,791–$2,189
4BR
$2,140
$2,290
+7.0%
$2,061–$2,519
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Pewee Valley, KY
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,190
$1,290
$1,560
$1,990
$2,290
FY 2026
$1,090
$1,180
$1,440
$1,840
$2,140
FY 2025
$1,150
$1,260
$1,530
$1,970
$2,290
FY 2024
$1,190
$1,320
$1,590
$2,080
$2,390
FY 2023
$1,050
$1,190
$1,430
$1,900
$2,180
Questions about Pewee Valley, KY rents
How much will Section 8 pay for a two-bedroom in Pewee Valley, KY?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,560, that basic range is $1,404 to $1,716 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 Pewee Valley, KY in?
Pewee Valley, KY is in the Shelby County, KY 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 Pewee Valley, KY for FY 2027?
The two-bedroom FMR rose 8.3%, from $1,440 in FY 2026 to $1,560 in FY 2027. Since FY 2023 it has risen 9.1%.
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