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Home/KY/Boone County

Boone County, KY

CountySAFMR
Found 12 ZIPs
Zillow

County Median Investment Score

115Above average

095130300
BRFMR
Eff. Rent
0 BR$880 – $1,580$880 – $1,740
1 BR$940 – $1,690$940 – $1,860
2 BR$1,200 – $2,160$1,200 – $2,190
3 BR$1,460 – $2,840$1,460 – $2,420
4 BR$1,780 – $3,210$1,780 – $2,730
5 BR$2,864Not available
6 BR$3,293Not available
7 BR$3,787Not available
8 BR$4,355Not available

Public Housing Authority

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Rolodex

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Market Alignment

Studio
2
2
0.66-1.06
1 BR
2
2
0.70-1.08
2 BR
2
2
0.77-1.07
3 BR
3
3
0.85-1.22
4 BR
2
0.84-1.29
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
--
Mortgage rate
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Boone County, KY fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 12 ZIP codes in Boone County, KY ranges from $1,200 to $2,160 a month, with a median of $1,680. That is up 8.7% from $1,545 in FY 2026. Boone County is in the Cincinnati, OH-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 Boone County is 82% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Boone County, KY
BedroomsFY 2027Change90–110% range
Studio$1,230+12.3%$1,107–$1,353
1BR$1,310+9.2%$1,179–$1,441
2BR$1,680+8.7%$1,512–$1,848
3BR$2,210+8.3%$1,989–$2,431
4BR$2,490+10.4%$2,241–$2,739

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Boone County, KY
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,230$1,310$1,680$2,210$2,490
FY 2026$1,095$1,200$1,545$2,040$2,255
FY 2025$1,010$1,130$1,470$1,950$2,150
FY 2024$910$1,035$1,345$1,790$1,990
FY 2023$830$950$1,240$1,660$1,865

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
41091$2,160+28.6%
41005$1,840+9.5%
41080$1,840+9.5%
41048$1,830+8.9%
41042$1,730+3.0%
41022$1,6800.0%
41025$1,6800.0%
41051$1,650−1.8%
41094$1,580−6.0%
41018$1,380−17.9%
41092$1,330−20.8%
41030$1,200−28.6%

Questions about Boone County, KY rents

How much will Section 8 pay for a two-bedroom in Boone County, KY?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,680, that basic range is $1,512 to $1,848 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 Boone County, KY in?

Boone County, KY is in the Cincinnati, OH-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 Boone County, KY for FY 2027?

The two-bedroom FMR rose 8.7%, from $1,545 in FY 2026 to $1,680 in FY 2027. Since FY 2023 it has risen 35.5%.

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

KY statewide rentsWhat is SAFMR?Data sources