FMR is near market; voucher and private rents are aligned.
0.92
1 BR
1 BR
0.96ratio
FMR$790
Market$820
vs market-$30
FMR is near market; voucher and private rents are aligned.
0.96
2 BR
2 BR
0.87ratio
FMR$910
Market$1,050
vs market-$140
FMR is below market; voucher rent may lag private rents.
0.87
3 BR
3 BR
1.11ratio
FMR$1,220
Market$1,100
vs market+$120
FMR is above market; underwrite to market rent.
1.11
4 BR
4 BR
1.28ratio
FMR$1,370
Market$1,070
vs market+$300
FMR is above market; underwrite to market rent.
1.28
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 42419 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 42419 (Henderson, KY) is $910 a month. That is down 4.2% from $950 in FY 2026. Henderson is in the Henderson 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 11 ZIP codes in Henderson County, 42419 is tied for the 7th-highest two-bedroom rent (county range $910–$1,190). The median county two-bedroom FMR in Kentucky is $925, so ZIP 42419 is 2% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 42419
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$710
$790
+11.3%
$711–$869
1BR
$740
$790
+6.8%
$711–$869
2BR
$950
$910
−4.2%
$819–$1,001
3BR
$1,170
$1,220
+4.3%
$1,098–$1,342
4BR
$1,360
$1,370
+0.7%
$1,233–$1,507
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 42419
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$790
$790
$910
$1,220
$1,370
FY 2026
$710
$740
$950
$1,170
$1,360
FY 2025
$690
$770
$970
$1,230
$1,410
FY 2024
$670
$750
$940
$1,190
$1,370
FY 2023
$610
$690
$860
$1,110
$1,290
Two-bedroom rent in nearby Henderson County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 42419?
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 42419 in?
ZIP 42419 is in the Henderson 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 42419 for FY 2027?
The two-bedroom FMR fell 4.2%, from $950 in FY 2026 to $910 in FY 2027. Since FY 2023 it has risen 5.8%.
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