HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Floyd County, Kentucky (FY 2027)
$925 a month. That's HUD's FY 2027 Fair Market Rent for a two-bedroom in Floyd County, and it's the baseline every voucher in Floyd is measured against.
Two-bedroom FMR
$925
+2.3% from FY 2026
Payment standard
$833–$1,018
90% to 110% of the FMR, two-bedroom
Income to afford
$37,000
a year, with rent at 30% of income
Rank in Kentucky
61st of 120
by two-bedroom FMR, highest first
FY 2027 Fair Market Rents
Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2026 |
|---|---|---|---|---|---|
| Studio | $661 | $595–$727 | $26,440 | $12.71/hr | +2.3% |
| 1 bedroom | $707 | $636–$778 | $28,280 | $13.60/hr | +2.6% |
| 2 bedroom | $925 | $833–$1,018 | $37,000 | $17.79/hr | +2.3% |
| 3 bedroom | $1,230 | $1,107–$1,353 | $49,200 | $23.65/hr | +10.9% |
| 4 bedroom | $1,246 | $1,121–$1,371 | $49,840 | $23.96/hr | +2.8% |
Five to eight bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $1,433 | $1,290–$1,576 |
| 6 bedroom Estimate | $1,620 | $1,458–$1,782 |
| 7 bedroom Estimate | $1,807 | $1,626–$1,988 |
| 8 bedroom Estimate | $1,994 | $1,795–$2,193 |
Source: HUD Office of Policy Development and Research, FY 2027 Fair Market Rents. Rents include utilities. huduser.gov
Market check
HUD's number is one input. What does a two-bedroom in Floyd actually rent for?
Search any address in Floyd for a rent estimate built from nearby comps, with the HUD figure right next to it.
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What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Floyd somewhere between $833 and $1,018. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$925 a month is affordable, by HUD's 30% rule, on an income of roughly $37,000 a year. Put another way, $18 an hour full time.
Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.
| Monthly household income | Tenant pays (30%) | Voucher pays at 90%$833 | Voucher pays at 100%$925 | Voucher pays at 110%$1,018 |
|---|---|---|---|---|
| $2,500 | $750 | $83 | $175 | $268 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 2% from FY 2026 ($904) to FY 2027 ($925). Since FY 2020 it's up 47% in total, about 5.6% a year. The Kentucky median moved up 3% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $454 | $488 | $631 | $810 | $1,059 | — |
| FY 2021 | $475 | $503 | $663 | $825 | $1,046 | +5.1% |
| FY 2022 | $482 | $512 | $674 | $833 | $993 | +1.7% |
| FY 2023 | $551 | $577 | $760 | $925 | $1,026 | +12.8% |
| FY 2024 | $636 | $668 | $878 | $1,062 | $1,169 | +15.5% |
| FY 2025 | $650 | $688 | $903 | $1,088 | $1,197 | +2.8% |
| FY 2026 | $646 | $689 | $904 | $1,109 | $1,212 | +0.1% |
| FY 2027In effect | $661 | $707 | $925 | $1,230 | $1,246 | +2.3% |
About this rate
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2027 that's October 1, 2026 through September 30, 2027. In Floyd, that runs from $661 for a studio up to $1,246 for four bedrooms, all five rates in the table above.
Because Floyd sits outside any HUD metro area, its rate is a county-wide figure built from local rents. One number covers every address in the county, Allen included.
Among Kentucky's 120 counties, Floyd ranks 61st for two-bedroom FMR. That's within a couple percent of the state median of $925 and about 13% below the national median county at $1,063. About 35,224 people live here, 31st in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $910 in 41601 (Allen) and $1,260 in 41642 (Ivel), with the 33 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 41601 | Allen | $910 | -1.6% |
| 41602 | Auxier | $910 | -1.6% |
| 41603 | Banner | $1,100 | +18.9% |
| 41604 | Beaver | $930 | +0.5% |
| 41605 | Betsy Layne | $1,150 | +24.3% |
| 41606 | Bevinsville | $930 | +0.5% |
| 41607 | Blue River | $950 | +2.7% |
| 41612 | Bypro | $930 | +0.5% |
| 41615 | Dana | $930 | +0.5% |
| 41616 | David | $1,080 | +16.8% |
| 41619 | Drift | $1,140 | +23.2% |
| 41621 | Dwale | $910 | -1.6% |
| 41622 | Eastern | $930 | +0.5% |
| 41630 | Garrett | $950 | +2.7% |
| 41631 | Grethel | $930 | +0.5% |
| 41635 | Harold | $1,150 | +24.3% |
| 41636 | Hi Hat | $930 | +0.5% |
| 41640 | Hueysville | $930 | +0.5% |
| 41642 | Ivel | $1,260 | +36.2% |
| 41643 | Lackey | $980 | +5.9% |
| 41645 | Langley | $1,020 | +10.3% |
| 41647 | Mc Dowell | $930 | +0.5% |
| 41649 | Martin | $1,000 | +8.1% |
| 41650 | Melvin | $930 | +0.5% |
| 41651 | Minnie | $930 | +0.5% |
| 41653 | Prestonsburg | $910 | -1.6% |
| 41655 | Printer | $930 | +0.5% |
| 41659 | Stanville | $1,150 | +24.3% |
| 41660 | Teaberry | $930 | +0.5% |
| 41663 | Tram | $1,230 | +33.0% |
| 41666 | Wayland | $970 | +4.9% |
| 41667 | Weeksbury | $930 | +0.5% |
| 41669 | Wheelwright | $910 | -1.6% |
Nearby counties
Two-bedroom FMR, with how each compares to Floyd.
Knott County
16 mi · 13,830 people
$983
+6%
Magoffin County
20 mi · 11,348 people
$909
-2%
Pike County
21 mi · 56,727 people
$1,095
+18%
Johnson County
24 mi · 22,334 people
$909
-2%
Letcher County
25 mi · 20,808 people
$909
-2%
Martin County
27 mi · 11,027 people
$909
-2%
Breathitt County
30 mi · 13,276 people
$909
-2%
Perry County
32 mi · 27,499 people
$1,010
+9%
Questions people ask
$925 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $661 for a studio, $707 for one bedroom, $1,230 for three and $1,246 for four.
Tools for this county
Fair Market Rent lookup
Any ZIP code's Small Area FMR by bedroom count
Section 8 rent calculator
Payment standard and tenant share for a specific rent
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords
Rent affordability calculator
The income a household needs for a given rent
What does a rental in Floyd actually go for?
HUD's number is one input. Search any address in Floyd for a rent estimate built from nearby comps. Free to start, no card.
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