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Muhlenberg County/Powderly/42367

42367

ZIPSAFMR
Muhlenberg County, KY
Zillow

ZIP Investment Score

49Below average

095130300
BRFMR
Eff. Rent
0 BR$650$520
1 BR$700$550
2 BR$910$590
3 BR$1,080$620
4 BR$1,220$670
5 BR$1,403Not available
6 BR$1,613Not available
7 BR$1,855Not available
8 BR$2,134Not available

Purchase Price Calculator

Maximum purchase price
$25,757

Cost breakdown

+Likely effective rent$590
HUD FMR$910
Market rentUsed$590
Est. payment standard (90%)$820
-Principal and interest-$130
Loan amount$20,606
Down payment$5,151
Rate6.50%
Term30 years
-Operating costs-$260
Property taxes-$26
Insurance-$175
Utilities$0
HOA$0
Management-$59
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$9,919(192.5% ROI)
Projected value
$27,738
Return breakdown
Property appreciation+$1,980
Loan principal paid down+$738
Rental cash flow+$7,200
5-year hold
+$16,701(324.2% ROI)
Projected value
$29,142
Return breakdown
Property appreciation+$3,385
Loan principal paid down+$1,317
Rental cash flow+$12,000
10-year hold
+$34,351(666.8% ROI)
Projected value
$32,971
Return breakdown
Property appreciation+$7,214
Loan principal paid down+$3,137
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.25
1 BR
1.27
2 BR
1.54
3 BR
1.74
4 BR
1.82
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 42367 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 42367 (Powderly, KY) is $910 a month. That is up 2.2% from $890 in FY 2026. Powderly is in the Muhlenberg County, KY non-metropolitan 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 county-wide two-bedroom FMR of $909. Among 17 ZIP codes in Muhlenberg County, 42367 is tied for the 14th-highest two-bedroom rent (county range $910–$1,220). The median county two-bedroom FMR in Kentucky is $925, so ZIP 42367 is 2% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 42367
BedroomsFY 2027Change90–110% range
Studio$650+1.6%$585–$715
1BR$700+2.9%$630–$770
2BR$910+2.2%$819–$1,001
3BR$1,080+0.9%$972–$1,188
4BR$1,220−3.2%$1,098–$1,342

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 42367
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$650$700$910$1,080$1,220
FY 2026$640$680$890$1,070$1,260
FY 2025$660$700$920$1,110$1,380
FY 2024area FMR$616$647$850$1,068$1,188
FY 2023area FMR$538$564$742$934$997

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Muhlenberg County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 42367
42324$990+8.8%
42325$9100.0%
42326$1,050+15.4%
42330$1,000+9.9%
42332$940+3.3%
42337$1,100+20.9%
42339$920+1.1%
42344$960+5.5%
42345$930+2.2%
42367Current$910—
42372$1,000+9.9%
42374$9100.0%

Questions about ZIP 42367 rents

How much will Section 8 pay for a two-bedroom in ZIP 42367?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $909, which applies unless the housing authority uses Small Area FMRs, that basic range is $818 to $1,000 a month; under the ZIP-level Small Area FMR of $910 it would be $819 to $1,001. 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 42367 in?

ZIP 42367 is in the Muhlenberg County, KY non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $909.

How much did fair market rent change in ZIP 42367 for FY 2027?

The two-bedroom FMR rose 2.2%, from $890 in FY 2026 to $910 in FY 2027. Since FY 2025 it has fallen 1.1%.

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 rentPowderly, KY fair market rentKY statewide rentsWhat is SAFMR?Data sources