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Home/KY/Mercer County

Mercer County, KY

CountySAFMR
Found 7 ZIPs
Zillow

County Median Investment Score

76Below average

095130300
BRFMR
Eff. Rent
0 BR$650 – $860$680 – $860
1 BR$720 – $1,020$790 – $1,020
2 BR$910 – $1,120$890 – $1,120
3 BR$1,190 – $1,550$1,180 – $1,550
4 BR$1,310 – $1,740$1,270 – $1,600
5 BR$1,736Not available
6 BR$1,997Not available
7 BR$2,297Not available
8 BR$2,641Not available

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1
1
1
0.63-0.91
1 BR
1
1
1
0.68-0.99
2 BR
1
1
1
0.76-1.17
3 BR
1
1
1
0.80-1.22
4 BR
1
1
1
0.84-1.37
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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Mercer County, KY fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 7 ZIP codes in Mercer County, KY ranges from $910 to $1,120 a month, with a median of $1,040. That is up 9.5% from $950 in FY 2026. Mercer 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 $909. The median county two-bedroom FMR in Kentucky is $925, so Mercer County is 12% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Mercer County, KY
BedroomsFY 2027Change90–110% range
Studio$740+4.2%$666–$814
1BR$860+7.5%$774–$946
2BR$1,040+9.5%$936–$1,144
3BR$1,380+4.5%$1,242–$1,518
4BR$1,510+2.0%$1,359–$1,661

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Mercer County, KY
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$740$860$1,040$1,380$1,510
FY 2026$710$800$950$1,320$1,480
FY 2025$700$770$920$1,290$1,520
FY 2024$840$940$1,110$1,440$1,600
FY 2023$660$720$900$1,170$1,350

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
40078$1,120+7.7%
40342$1,120+7.7%
40468$1,110+6.7%
40310$1,0400.0%
40372$940−9.6%
40422$930−10.6%
40330$910−12.5%

Questions about Mercer County, KY rents

How much will Section 8 pay for a two-bedroom in Mercer County, 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 $1,040 it would be $936 to $1,144. 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 Mercer County, KY in?

Mercer County, KY is its own 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 Mercer County, KY for FY 2027?

The two-bedroom FMR rose 9.5%, from $950 in FY 2026 to $1,040 in FY 2027. Since FY 2023 it has risen 15.6%.

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