FMR is near market; voucher and private rents are aligned.
1.04
2 BR
2 BR
1.15ratio
FMR$1,210
Market$1,050
vs market+$160
FMR is above market; underwrite to market rent.
1.15
3 BR
3 BR
0.95ratio
FMR$1,450
Market$1,530
vs market-$80
FMR is near market; voucher and private rents are aligned.
0.95
4 BR
4 BR
1.02ratio
FMR$1,980
Market$1,950
vs market+$30
FMR is near market; voucher and private rents are aligned.
1.02
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 42102 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 42102 (Bowling Green, KY) is $1,210 a month. That is up 4.3% from $1,160 in FY 2026. Bowling Green is in the Bowling Green, KY HUD Metro 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 metro-wide two-bedroom FMR of $1,199. Among 10 ZIP codes in Warren County, 42102 has the 6th-highest two-bedroom rent (county range $1,040–$1,410). The median county two-bedroom FMR in Kentucky is $925, so ZIP 42102 is 31% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 42102
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$890
$930
+4.5%
$837–$1,023
1BR
$990
$1,030
+4.0%
$927–$1,133
2BR
$1,160
$1,210
+4.3%
$1,089–$1,331
3BR
$1,390
$1,450
+4.3%
$1,305–$1,595
4BR
$1,820
$1,980
+8.8%
$1,782–$2,178
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 42102
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$930
$1,030
$1,210
$1,450
$1,980
FY 2026
$890
$990
$1,160
$1,390
$1,820
FY 2025
$890
$1,000
$1,180
$1,420
$1,800
FY 2024
$840
$950
$1,110
$1,360
$1,650
FY 2023
$720
$770
$920
$1,160
$1,410
Two-bedroom rent in nearby Warren County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 42102?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,199, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,079 to $1,319 a month; under the ZIP-level Small Area FMR of $1,210 it would be $1,089 to $1,331. 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 42102 in?
ZIP 42102 is in the Bowling Green, KY HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,199.
How much did fair market rent change in ZIP 42102 for FY 2027?
The two-bedroom FMR rose 4.3%, from $1,160 in FY 2026 to $1,210 in FY 2027. Since FY 2023 it has risen 31.5%.
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