42302
ZIPSAFMR
Daviess County, KY
BRFMR
Eff. Rent
0 BR$850$730
1 BR$850$930
2 BR$1,120$1,190
3 BR$1,480$1,470
4 BR$1,480$1,550
5 BR$1,702
6 BR$1,957
7 BR$2,251
8 BR$2,589

Purchase Price Calculator

Maximum purchase price
$114,917

Cost breakdown

+Likely effective rent$1,190
HUD FMR$1,120
Market rent$1,230
Est. payment standard (106%)Used$1,190
Estimated payment standard is $1,190 (106% of FMR).
-Principal and interest-$581
Loan amount$91,934
Down payment$22,983
Rate6.50%
Term30 years
-Operating costs-$409
Property taxes-$115
Insurance-$175
Utilities$0
HOA$0
Management-$119
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,330(84.1% ROI)
Projected value
$123,753
Current value$114,917
Return breakdown
Property appreciation+$8,836
Loan principal paid down+$3,294
Rental cash flow+$7,200
5-year hold
+$32,975(143.5% ROI)
Projected value
$130,018
Current value$114,917
Return breakdown
Property appreciation+$15,101
Loan principal paid down+$5,874
Rental cash flow+$12,000
10-year hold
+$70,182(305.4% ROI)
Projected value
$147,103
Current value$114,917
Return breakdown
Property appreciation+$32,186
Loan principal paid down+$13,996
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
1.16ratio
FMR$850
Market$730
vs market+$120

FMR is above market; underwrite to market rent.

90% standard$765 / 1.05 ratio110% standard$935 / 1.28 ratio
1.16
1 BR
1 BR
0.88ratio
FMR$850
Market$970
vs market-$120

FMR is below market; voucher rent may lag private rents.

90% standard$765 / 0.79 ratio110% standard$935 / 0.96 ratio
0.88
2 BR
2 BR
0.91ratio
FMR$1,120
Market$1,230
vs market-$110

FMR is near market; voucher and private rents are aligned.

90% standard$1,008 / 0.82 ratio110% standard$1,232 / 1.00 ratio
0.91
3 BR
3 BR
1.01ratio
FMR$1,480
Market$1,470
vs market+$10

FMR is near market; voucher and private rents are aligned.

90% standard$1,332 / 0.91 ratio110% standard$1,628 / 1.11 ratio
1.01
4 BR
4 BR
0.93ratio
FMR$1,480
Market$1,590
vs market-$110

FMR is near market; voucher and private rents are aligned.

90% standard$1,332 / 0.84 ratio110% standard$1,628 / 1.02 ratio
0.93
0.700.800.901.001.101.201.30aligned range

Voucher alignment varies significantly by bedroom size in this area.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 42302 (KY) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

42302 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 42302 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,120 and the 4 bedroom fair market rent is $1,480.

Use this page for searches like 42302 FMR, 42302 fair market rent, and 42302 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for 42302
Bedroom sizeHUD FMR
Studio$850
1 bedroom$850
2 bedroom$1,120
3 bedroom$1,480
4 bedroom$1,480