Kentucky (KY)
STATESAFMRState Median Investment Score
95Above average
| BR | Rent | 3Y CAGR |
|---|---|---|
| 0 BR | $633 - $1,580▲Median: $702 | 1.8% |
| 1 BR | $695 - $1,690▲Median: $798 | 2.6% |
| 2 BR | $909 - $2,160▲Median: $971 | 2.3% |
| 3 BR | $1,083 - $2,840▲Median: $1,254 | 2.0% |
| 4 BR | $1,195 - $3,210▲Median: $1,389 | 2.6% |
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 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 is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is above market; underwrite to market rent.
FMR is above market; underwrite to market rent.
FMR is above market; underwrite to market rent.
FMR is above market; underwrite to market rent.
FMR is above market; underwrite to market rent.
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 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 is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is above market; underwrite to market rent.
FMR is above market; underwrite to market rent.
FMR is above market; underwrite to market rent.
FMR is above market; underwrite to market rent.
FMR is above market; underwrite to market rent.
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 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 is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is above market; underwrite to market rent.
FMR is above market; underwrite to market rent.
FMR is above market; underwrite to market rent.
FMR is above market; underwrite to market rent.
FMR is above market; underwrite to market rent.
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 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 is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is above market; underwrite to market rent.
FMR is above market; underwrite to market rent.
FMR is above market; underwrite to market rent.
FMR is above market; underwrite to market rent.
FMR is above market; underwrite to market rent.
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 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 is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is above market; underwrite to market rent.
FMR is above market; underwrite to market rent.
FMR is above market; underwrite to market rent.
FMR is above market; underwrite to market rent.
FMR is above market; underwrite to market rent.
Bedroom curve
Counties
Ranked by Investment Score (vs state median)
County map
Kentucky fair market rent by county, FY 2027
HUD's FY 2027 fair market rents cover 120 counties in Kentucky. The median county two-bedroom FMR is $925. That is up 2.8% from $900 in FY 2026. Two-bedroom FMRs run from $909 in Wolfe County to $1,442 in Boone County. 20 HUD metropolitan FMR areas cover 39 of those counties; each county in the same metro area shares one FMR. 148 ZIP codes in 5 metro areas must use Small Area FMRs, so voucher payment standards there are set by ZIP code.
Two-bedroom FMR by county
| County | 2BR | Change | HUD FMR area |
|---|---|---|---|
| Boone County | $1,442 | +6.6% | Cincinnati, OH-KY-IN HUD Metro FMR Area |
| Bracken County | $1,442 | +6.6% | Cincinnati, OH-KY-IN HUD Metro FMR Area |
| Campbell County | $1,442 | +6.6% | Cincinnati, OH-KY-IN HUD Metro FMR Area |
| Gallatin County | $1,442 | +6.6% | Cincinnati, OH-KY-IN HUD Metro FMR Area |
| Kenton County | $1,442 | +6.6% | Cincinnati, OH-KY-IN HUD Metro FMR Area |
| Pendleton County | $1,442 | +6.6% | Cincinnati, OH-KY-IN HUD Metro FMR Area |
| Bourbon County | $1,416 | +11.3% | Lexington-Fayette, KY MSA |
| Clark County | $1,416 | +11.3% | Lexington-Fayette, KY MSA |
| Fayette County | $1,416 | +11.3% | Lexington-Fayette, KY MSA |
| Jessamine County | $1,416 | +11.3% | Lexington-Fayette, KY MSA |
| Scott County | $1,416 | +11.3% | Lexington-Fayette, KY MSA |
| Woodford County | $1,416 | +11.3% | Lexington-Fayette, KY MSA |
| Christian County | $1,307 | −2.9% | Clarksville, TN-KY HUD Metro FMR Area |
| Trigg County | $1,307 | −2.9% | Clarksville, TN-KY HUD Metro FMR Area |
| Bullitt County | $1,276 | +0.3% | Louisville, KY-IN HUD Metro FMR Area |
| Henry County | $1,276 | +0.3% | Louisville, KY-IN HUD Metro FMR Area |
| Jefferson County | $1,276 | +0.3% | Louisville, KY-IN HUD Metro FMR Area |
| Oldham County | $1,276 | +0.3% | Louisville, KY-IN HUD Metro FMR Area |
| Spencer County | $1,276 | +0.3% | Louisville, KY-IN HUD Metro FMR Area |
| Livingston County | $1,220 | +5.4% | Livingston County, KY HUD Metro FMR Area |
| Edmonson County | $1,199 | +4.0% | Bowling Green, KY HUD Metro FMR Area |
| Warren County | $1,199 | +4.0% | Bowling Green, KY HUD Metro FMR Area |
| Ballard County | $1,180 | +10.1% | Ballard County, KY HUD Metro FMR Area |
| Trimble County | $1,175 | +17.4% | Non-metro |
| Calloway County | $1,155 | +5.2% | Non-metro |
| Shelby County | $1,149 | +0.5% | Shelby County, KY HUD Metro FMR Area |
| Grant County | $1,146 | −0.8% | Grant County, KY HUD Metro FMR Area |
| Franklin County | $1,145 | +5.7% | Non-metro |
| Daviess County | $1,138 | +2.5% | Owensboro, KY MSA |
| McLean County | $1,138 | +2.5% | Owensboro, KY MSA |
| McCracken County | $1,131 | +6.9% | McCracken County, KY HUD Metro FMR Area |
| Simpson County | $1,122 | +6.4% | Non-metro |
| Anderson County | $1,121 | +7.6% | Non-metro |
| Pike County | $1,095 | +12.1% | Non-metro |
| Hardin County | $1,087 | +2.9% | Elizabethtown, KY HUD Metro FMR Area |
| Larue County | $1,087 | +2.9% | Elizabethtown, KY HUD Metro FMR Area |
| Carroll County | $1,072 | +10.1% | Non-metro |
| Todd County | $1,054 | +14.8% | Non-metro |
| Meade County | $1,052 | −2.1% | Meade County, KY HUD Metro FMR Area |
| Nelson County | $1,022 | +0.6% | Nelson County, KY HUD Metro FMR Area |
| Owen County | $1,022 | +2.7% | Non-metro |
| Allen County | $1,019 | +2.3% | Allen County, KY HUD Metro FMR Area |
| Perry County | $1,010 | +5.3% | Non-metro |
| Boyd County | $1,006 | +3.4% | Huntington-Ashland, WV-KY-OH HUD Metro FMR Area |
| Greenup County | $1,006 | +3.4% | Huntington-Ashland, WV-KY-OH HUD Metro FMR Area |
| Montgomery County | $1,004 | +10.9% | Non-metro |
| Mason County | $1,001 | +9.6% | Non-metro |
| Lee County | $996 | +6.1% | Non-metro |
| Madison County | $993 | +9.8% | Non-metro |
| Knott County | $983 | +13.5% | Non-metro |
| Rowan County | $977 | +7.2% | Non-metro |
| Lawrence County | $971 | +4.9% | Lawrence County, KY HUD Metro FMR Area |
| Union County | $971 | +6.6% | Non-metro |
| Hancock County | $962 | −5.3% | Non-metro |
| Hopkins County | $959 | +6.6% | Non-metro |
| Laurel County | $943 | +7.0% | Non-metro |
| Garrard County | $941 | +4.6% | Non-metro |
| Washington County | $939 | +1.1% | Non-metro |
| Carlisle County | $932 | +1.9% | Carlisle County, KY HUD Metro FMR Area |
| Boyle County | $925 | +1.3% | Non-metro |
| Floyd County | $925 | +2.3% | Non-metro |
| Pulaski County | $924 | −0.2% | Non-metro |
| Marshall County | $918 | +3.8% | Non-metro |
| Barren County | $916 | +5.5% | Non-metro |
| Logan County | $913 | +5.4% | Non-metro |
| Adair County | $909 | +5.0% | Non-metro |
| Bath County | $909 | +5.0% | Non-metro |
| Bell County | $909 | +5.0% | Non-metro |
| Breathitt County | $909 | +5.0% | Non-metro |
| Breckinridge County | $909 | +5.0% | Non-metro |
| Butler County | $909 | +5.0% | Butler County, KY HUD Metro FMR Area |
| Caldwell County | $909 | +5.0% | Non-metro |
| Carter County | $909 | +5.0% | Carter County, KY HUD Metro FMR Area |
| Casey County | $909 | +5.0% | Non-metro |
| Clay County | $909 | +5.0% | Non-metro |
| Clinton County | $909 | +5.0% | Non-metro |
| Crittenden County | $909 | +5.0% | Non-metro |
| Cumberland County | $909 | +5.0% | Non-metro |
| Elliott County | $909 | +5.0% | Non-metro |
| Estill County | $909 | +5.0% | Non-metro |
| Fleming County | $909 | +5.0% | Non-metro |
| Fulton County | $909 | +5.0% | Non-metro |
| Graves County | $909 | +5.0% | Non-metro |
| Grayson County | $909 | +5.0% | Non-metro |
| Green County | $909 | +5.0% | Non-metro |
| Harlan County | $909 | +5.0% | Non-metro |
| Harrison County | $909 | +5.0% | Non-metro |
| Hart County | $909 | +5.0% | Non-metro |
| Henderson County | $909 | −4.2% | Non-metro |
| Hickman County | $909 | +5.0% | Non-metro |
| Jackson County | $909 | +5.0% | Non-metro |
| Johnson County | $909 | +5.0% | Non-metro |
| Knox County | $909 | +5.0% | Non-metro |
| Leslie County | $909 | +5.0% | Non-metro |
| Letcher County | $909 | +5.0% | Non-metro |
| Lewis County | $909 | +5.0% | Non-metro |
| Lincoln County | $909 | +5.0% | Non-metro |
| Lyon County | $909 | +5.0% | Non-metro |
| Magoffin County | $909 | +5.0% | Non-metro |
| Marion County | $909 | +5.0% | Non-metro |
| Martin County | $909 | +5.0% | Non-metro |
| McCreary County | $909 | +5.0% | Non-metro |
| Menifee County | $909 | +5.0% | Non-metro |
| Mercer County | $909 | +5.0% | Non-metro |
| Metcalfe County | $909 | +5.0% | Non-metro |
| Monroe County | $909 | +5.0% | Non-metro |
| Morgan County | $909 | +5.0% | Non-metro |
| Muhlenberg County | $909 | +5.0% | Non-metro |
| Nicholas County | $909 | +5.0% | Non-metro |
| Ohio County | $909 | +5.0% | Non-metro |
| Owsley County | $909 | +5.0% | Non-metro |
| Powell County | $909 | +5.0% | Non-metro |
| Robertson County | $909 | +5.0% | Non-metro |
| Rockcastle County | $909 | +5.0% | Non-metro |
| Russell County | $909 | +5.0% | Non-metro |
| Taylor County | $909 | +5.0% | Non-metro |
| Wayne County | $909 | +5.0% | Non-metro |
| Webster County | $909 | +5.0% | Non-metro |
| Whitley County | $909 | +5.0% | Non-metro |
| Wolfe County | $909 | +5.0% | Non-metro |
HUD metro FMR areas
| Metro area | Counties | 2BR |
|---|---|---|
| Cincinnati, OH-KY-IN HUD Metro FMR Area | 6 | $1,442 |
| Lexington-Fayette, KY MSA | 6 | $1,416 |
| Clarksville, TN-KY HUD Metro FMR Area | 2 | $1,307 |
| Louisville, KY-IN HUD Metro FMR Area | 5 | $1,276 |
| Livingston County, KY HUD Metro FMR Area | 1 | $1,220 |
| Bowling Green, KY HUD Metro FMR Area | 2 | $1,199 |
| Ballard County, KY HUD Metro FMR Area | 1 | $1,180 |
| Shelby County, KY HUD Metro FMR Area | 1 | $1,149 |
| Grant County, KY HUD Metro FMR Area | 1 | $1,146 |
| Owensboro, KY MSA | 2 | $1,138 |
| McCracken County, KY HUD Metro FMR Area | 1 | $1,131 |
| Elizabethtown, KY HUD Metro FMR Area | 2 | $1,087 |
| Meade County, KY HUD Metro FMR Area | 1 | $1,052 |
| Nelson County, KY HUD Metro FMR Area | 1 | $1,022 |
| Allen County, KY HUD Metro FMR Area | 1 | $1,019 |
| Huntington-Ashland, WV-KY-OH HUD Metro FMR Area | 2 | $1,006 |
| Lawrence County, KY HUD Metro FMR Area | 1 | $971 |
| Carlisle County, KY HUD Metro FMR Area | 1 | $932 |
| Butler County, KY HUD Metro FMR Area | 1 | $909 |
| Carter County, KY HUD Metro FMR Area | 1 | $909 |
Questions about Kentucky rents
What is the fair market rent in Kentucky?
HUD sets fair market rents by metro area and county, not statewide. For FY 2027 the median county two-bedroom FMR in Kentucky is $925. Look up the county or ZIP code to see the value that applies to a specific property.
Which Kentucky counties have the highest fair market rent?
For FY 2027, the highest two-bedroom FMRs are in Boone County ($1,442), Bracken County ($1,442), Campbell County ($1,442).
Does Kentucky use Small Area Fair Market Rents?
Yes, in part. HUD requires Small Area FMRs in 148 ZIP codes across 5 metro areas, led by the Louisville, KY-IN HUD Metro FMR Area; Cincinnati, OH-KY-IN HUD Metro FMR Area; Grant County, KY HUD Metro FMR Area. Elsewhere, housing authorities use the metro or county FMR unless they choose to adopt Small Area FMRs.
Source: HUD FY 2027 Fair Market Rents. Change compares each county's two-bedroom FMR with FY 2026.
Data source: U.S. Department of Housing and Urban Development (HUD)
Fiscal Year 2027