FMR is below market; voucher rent may lag private rents.
0.61
1 BR
1 BR
0.64ratio
FMR$700
Market$1,100
vs market-$400
FMR is below market; voucher rent may lag private rents.
0.64
2 BR
2 BR
0.74ratio
FMR$920
Market$1,240
vs market-$320
FMR is below market; voucher rent may lag private rents.
0.74
3 BR
3 BR
0.73ratio
FMR$1,100
Market$1,500
vs market-$400
FMR is below market; voucher rent may lag private rents.
0.73
4 BR
4 BR
0.72ratio
FMR$1,300
Market$1,800
vs market-$500
FMR is below market; voucher rent may lag private rents.
0.72
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
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ZIP 42564 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 42564 (West Somerset, KY) is $920 a month. That is down 1.1% from $930 in FY 2026. West Somerset is in the Pulaski 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 $924. Among 18 ZIP codes in Pulaski County, 42564 is tied for the 7th-highest two-bedroom rent (county range $910–$1,010).
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 42564
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$660
$660
0.0%
$594–$726
1BR
$710
$700
−1.4%
$630–$770
2BR
$930
$920
−1.1%
$828–$1,012
3BR
$1,120
$1,100
−1.8%
$990–$1,210
4BR
$1,360
$1,300
−4.4%
$1,170–$1,430
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 42564
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$660
$700
$920
$1,100
$1,300
FY 2026
$660
$710
$930
$1,120
$1,360
FY 2025
$680
$720
$940
$1,130
$1,450
FY 2024area FMR
$618
$699
$912
$1,107
$1,351
FY 2023area FMR
$512
$584
$766
$955
$1,048
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Pulaski County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 42564?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $924, which applies unless the housing authority uses Small Area FMRs, that basic range is $832 to $1,016 a month; under the ZIP-level Small Area FMR of $920 it would be $828 to $1,012. 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 42564 in?
ZIP 42564 is in the Pulaski County, KY non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $924.
How much did fair market rent change in ZIP 42564 for FY 2027?
The two-bedroom FMR fell 1.1%, from $930 in FY 2026 to $920 in FY 2027. Since FY 2025 it has fallen 2.1%.
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