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Warren County/Bowling Green/42103

42103

ZIPSAFMR
Warren County, KY
Zillow

ZIP Investment Score

72Below average

095130300
BRFMR
Eff. Rent
0 BR$1,050$1,000
1 BR$1,170$920
2 BR$1,370$1,370
3 BR$1,640$1,740
4 BR$2,240$2,360
5 BR$2,576Not available
6 BR$2,962Not available
7 BR$3,407Not available
8 BR$3,918Not available

Purchase Price Calculator

Maximum purchase price
$141,665

Cost breakdown

+Likely effective rent$1,370
HUD FMR$1,370
Market rent$1,370
Est. payment standard (100%)Used$1,370
-Principal and interest-$716
Loan amount$113,332
Down payment$28,333
Rate6.50%
Term30 years
-Operating costs-$454
Property taxes-$142
Insurance-$175
Utilities$0
HOA$0
Management-$137
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$22,153(78.2% ROI)
Projected value
$152,558
Return breakdown
Property appreciation+$10,893
Loan principal paid down+$4,060
Rental cash flow+$7,200
5-year hold
+$37,857(133.6% ROI)
Projected value
$160,281
Return breakdown
Property appreciation+$18,616
Loan principal paid down+$7,241
Rental cash flow+$12,000
10-year hold
+$80,932(285.6% ROI)
Projected value
$181,343
Return breakdown
Property appreciation+$39,678
Loan principal paid down+$17,254
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.05
1 BR
1.27
2 BR
1.00
3 BR
0.92
4 BR
0.92
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 42103 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 42103 (Bowling Green, KY) is $1,370 a month. That is up 7.0% from $1,280 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, 42103 has the 2nd-highest two-bedroom rent (county range $1,040–$1,410). The median county two-bedroom FMR in Kentucky is $925, so ZIP 42103 is 48% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 42103
BedroomsFY 2027Change90–110% range
Studio$1,050+6.1%$945–$1,155
1BR$1,170+7.3%$1,053–$1,287
2BR$1,370+7.0%$1,233–$1,507
3BR$1,640+6.5%$1,476–$1,804
4BR$2,240+11.4%$2,016–$2,464

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 42103
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,050$1,170$1,370$1,640$2,240
FY 2026$990$1,090$1,280$1,540$2,010
FY 2025$950$1,080$1,270$1,530$1,940
FY 2024$880$1,000$1,170$1,430$1,740
FY 2023$780$830$990$1,240$1,520

Two-bedroom rent in nearby Warren County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 42103
42101$1,180−13.9%
42102$1,210−11.7%
42103Current$1,370—
42104$1,230−10.2%
42122$1,410+2.9%
42159$1,350−1.5%
42170$1,240−9.5%
42171$1,090−20.4%
42206$1,040−24.1%
42274$1,040−24.1%

Questions about ZIP 42103 rents

How much will Section 8 pay for a two-bedroom in ZIP 42103?

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 $1,370 it would be $1,233 to $1,507. 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 42103 in?

ZIP 42103 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 42103 for FY 2027?

The two-bedroom FMR rose 7.0%, from $1,280 in FY 2026 to $1,370 in FY 2027. Since FY 2023 it has risen 38.4%.

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

County fair market rentBowling Green, KY fair market rentKY statewide rentsWhat is SAFMR?Data sources