County Median Investment Score
85Below average
| BR | FMR | Eff. Rent | 3Y CAGR |
|---|---|---|---|
| 0 BR | $650 – $680▲ | $650 – $730 | 1.0% |
| 1 BR | $790 – $870▲ | $790 – $900 | 1.4% |
| 2 BR | $910 – $950▲ | $910 – $1,030 | 1.9% |
| 3 BR | $1,080 – $1,300▲ | $1,080 – $1,420 | 4.4% |
| 4 BR | $1,240 – $1,500▲ | $1,240 – $1,560 | 0.6% |
| 5 BR | $1,524▲ | —Not available | 0.6% |
| 6 BR | $1,752▲ | —Not available | 0.6% |
| 7 BR | $2,015▲ | —Not available | 0.6% |
| 8 BR | $2,317▲ | —Not available | 0.6% |
Public Housing Authority
Rolodex
Market Alignment
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is near market; voucher and private rents are aligned.
- FMR
- FY2027
- Market rent
- last ~365 days
- Property value
- --
- Tax rate
- --
- Mortgage rate
- --
Garrard County, KY fair market rent, FY 2027
For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 6 ZIP codes in Garrard County, KY ranges from $910 to $950 a month, with a median of $935. That is up 6.9% from $875 in FY 2026. Garrard County is its own 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 $941. The median county two-bedroom FMR in Kentucky is $925, so Garrard County is 1% above it.
FY 2027 rent by bedroom
| Bedrooms | FY 2026 | FY 2027 | Change | 90–110% range |
|---|---|---|---|---|
| Studio | $640 | $660 | +3.1% | $594–$726 |
| 1BR | $765 | $820 | +7.2% | $738–$902 |
| 2BR | $875 | $935 | +6.9% | $842–$1,029 |
| 3BR | $1,160 | $1,235 | +6.5% | $1,112–$1,359 |
| 4BR | $1,290 | $1,325 | +2.7% | $1,193–$1,458 |
Fair market rent history, FY 2023–2027
| Fiscal year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY 2027 | $660 | $820 | $935 | $1,235 | $1,325 |
| FY 2026 | $640 | $765 | $875 | $1,160 | $1,290 |
| FY 2025 | $650 | $800 | $900 | $1,100 | $1,360 |
| FY 2024area FMR | $640 | $787 | $883 | $1,084 | $1,303 |
| FY 2023area FMR | $570 | $684 | $786 | $979 | $1,146 |
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent by ZIP code
Questions about Garrard County, KY rents
How much will Section 8 pay for a two-bedroom in Garrard County, KY?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $941, which applies unless the housing authority uses Small Area FMRs, that basic range is $847 to $1,035 a month; under the ZIP-level Small Area FMR of $935 it would be $842 to $1,029. 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 Garrard County, KY in?
Garrard County, KY is its own non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $941.
How much did fair market rent change in Garrard County, KY for FY 2027?
The two-bedroom FMR rose 6.9%, from $875 in FY 2026 to $935 in FY 2027. Since FY 2025 it has risen 3.9%.
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