FMR is below market; voucher rent may lag private rents.
0.72
1 BR
1 BR
0.82ratio
FMR$1,130
Market$1,380
vs market-$250
FMR is below market; voucher rent may lag private rents.
0.82
2 BR
2 BR
0.92ratio
FMR$1,440
Market$1,570
vs market-$130
FMR is near market; voucher and private rents are aligned.
0.92
3 BR
3 BR
1.01ratio
FMR$1,890
Market$1,880
vs market+$10
FMR is near market; voucher and private rents are aligned.
1.01
4 BR
4 BR
1.06ratio
FMR$2,140
Market$2,020
vs market+$120
FMR is near market; voucher and private rents are aligned.
1.06
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
ZIP 41072 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 41072 (Newport, KY) is $1,440 a month. That is up 8.3% from $1,330 in FY 2026. Newport 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. Among 12 ZIP codes in Campbell County, 41072 is tied for the 6th-highest two-bedroom rent (county range $1,010–$1,600). The median county two-bedroom FMR in Kentucky is $925, so ZIP 41072 is 56% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 41072
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$940
$1,050
+11.7%
$945–$1,155
1BR
$1,030
$1,130
+9.7%
$1,017–$1,243
2BR
$1,330
$1,440
+8.3%
$1,296–$1,584
3BR
$1,750
$1,890
+8.0%
$1,701–$2,079
4BR
$1,940
$2,140
+10.3%
$1,926–$2,354
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 41072
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,050
$1,130
$1,440
$1,890
$2,140
FY 2026
$940
$1,030
$1,330
$1,750
$1,940
FY 2025
$860
$960
$1,250
$1,660
$1,830
FY 2024
$790
$900
$1,170
$1,560
$1,730
FY 2023
$720
$820
$1,070
$1,430
$1,610
Two-bedroom rent in nearby Campbell County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 41072?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,440, that basic range is $1,296 to $1,584 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 ZIP 41072 in?
ZIP 41072 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 ZIP 41072 for FY 2027?
The two-bedroom FMR rose 8.3%, from $1,330 in FY 2026 to $1,440 in FY 2027. Since FY 2023 it has risen 34.6%.
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