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KY/Ohio County/Reynolds Station

Reynolds Station, KY

CitySAFMR
Ohio County
Found 1 ZIP

City Median Investment Score

99Above average

095130300
BRFMR
Eff. Rent
0 BR$700$700
1 BR$740$740
2 BR$950$950
3 BR$1,240$1,240
4 BR$1,360$1,360
5 BR$1,564Not available
6 BR$1,799Not available
7 BR$2,068Not available
8 BR$2,379Not available

Purchase Price Calculator

Maximum purchase price
$79,253

Cost breakdown

+Likely effective rent$950
HUD FMRUsed$950
Market rentN/A
Est. payment standardN/A
-Principal and interest-$401
Loan amount$63,402
Down payment$15,851
Rate6.50%
Term30 years
-Operating costs-$349
Property taxes-$79
Insurance-$175
Utilities$0
HOA$0
Management-$95
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$15,565(98.2% ROI)
Projected value
$85,347
Return breakdown
Property appreciation+$6,094
Loan principal paid down+$2,272
Rental cash flow+$7,200
5-year hold
+$26,465(167.0% ROI)
Projected value
$89,668
Return breakdown
Property appreciation+$10,415
Loan principal paid down+$4,051
Rental cash flow+$12,000
10-year hold
+$55,850(352.4% ROI)
Projected value
$101,451
Return breakdown
Property appreciation+$22,198
Loan principal paid down+$9,652
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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Reynolds Station, KY fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Reynolds Station, KY is $950 a month. That is down 6.9% from $1,020 in FY 2026. Reynolds Station is in the Ohio 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 $909. The median county two-bedroom FMR in Kentucky is $925, so Reynolds Station is 3% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Reynolds Station, KY
BedroomsFY 2027Change90–110% range
Studio$700−9.1%$630–$770
1BR$740−5.1%$666–$814
2BR$950−6.9%$855–$1,045
3BR$1,240−8.1%$1,116–$1,364
4BR$1,360+0.7%$1,224–$1,496

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Reynolds Station, KY
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$700$740$950$1,240$1,360
FY 2026$770$780$1,020$1,350$1,350
FY 2025$750$750$990$1,300$1,310
FY 2024$690$690$910$1,200$1,210
FY 2023$590$590$780$1,030$1,050

Questions about Reynolds Station, KY rents

How much will Section 8 pay for a two-bedroom in Reynolds Station, KY?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $909, which applies unless the housing authority uses Small Area FMRs, that basic range is $818 to $1,000 a month; under the ZIP-level Small Area FMR of $950 it would be $855 to $1,045. 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 Reynolds Station, KY in?

Reynolds Station, KY is in the Ohio County, KY non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $909.

How much did fair market rent change in Reynolds Station, KY for FY 2027?

The two-bedroom FMR fell 6.9%, from $1,020 in FY 2026 to $950 in FY 2027. Since FY 2023 it has risen 21.8%.

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