HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Owen County, Kentucky (FY 2026)
A two-bedroom in Owen County carries a FY 2026 Fair Market Rent of $995 a month, effective October 1, 2025 through September 30, 2026. Everything Section 8 pays in Owen keys off that figure.
2 bedroom FMR
$995
FY 2026, utilities included
Payment standard range
$896 to $1,095
90% to 110% of FMR
Income to afford 2BR
$39,800
per year, at 30% of income
Rank in Kentucky
40th of 120
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Owen moves to $1,022. That's up 3%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Owen actually rent for?
Search any address in Owen for a rent estimate built from nearby comps, with the HUD figure right next to it.
FY 2026 Fair Market Rents
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2025 |
|---|---|---|---|---|---|
| Studio | $711 | $640 to $782 | $28,440 | $13.67/hr | +4.1% |
| 1 bedroom | $758 | $682 to $834 | $30,320 | $14.58/hr | +4.8% |
| 2 bedroom | $995 | $896 to $1,095 | $39,800 | $19.13/hr | +4.8% |
| 3 bedroom | $1,329 | $1,196 to $1,462 | $53,160 | $25.56/hr | +8.7% |
| 4 bedroom | $1,389 | $1,250 to $1,528 | $55,560 | $26.71/hr | +6.3% |
5 to 8 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 | $1,597 | $1,437 to $1,757 |
| 6 bedroom Estimate | $1,806 | $1,625 to $1,987 |
| 7 bedroom Estimate | $2,014 | $1,813 to $2,215 |
| 8 bedroom Estimate | $2,222 | $2,000 to $2,444 |
Source: HUD Office of Policy Development and Research, FY 2026 Fair Market Rents. Rents include utilities. huduser.gov
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 2026 that's October 1, 2025 through September 30, 2026. In Owen, that runs from $711 for a studio up to $1,389 for four bedrooms, all five rates in the table above.
Because Owen 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, New Liberty included.
Among Kentucky's 120 counties, Owen ranks 40th for two-bedroom FMR. That's about 11% above the state median of $900 and about 2% below the national median county at $1,018. About 11,229 people live here, 95th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $870 in 40359 (Owenton) and $970 in 40355 (New Liberty), with the 3 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.
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 Owen somewhere between $896 and $1,095. 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.
$995 a month is affordable, by HUD's 30% rule, on an income of roughly $39,800 a year. Put another way, $19 an hour full time.
Worked example for a two-bedroom, assuming the rent equals the payment standard. Tenant pays 30% of monthly income, HUD's housing assistance payment covers the rest.
| Monthly household income | Tenant pays (30%) | HAP at 90% ($896) | HAP at 100% ($995) | HAP at 110% ($1,095) |
|---|---|---|---|---|
| $2,500 | $750 | $146 | $245 | $345 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 5% from FY 2025 ($949) to FY 2026 ($995). Since FY 2020 it's up 55% in total, about 7.6% a year. The Kentucky median moved up 3% over the same year.
| Year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $455 | $486 | $640 | $823 | $983 | — |
| FY 2021 | $475 | $503 | $663 | $833 | $1,028 | +3.6% |
| FY 2022 | $482 | $512 | $674 | $849 | $1,040 | +1.7% |
| FY 2023 | $538 | $564 | $742 | $961 | $1,233 | +10.1% |
| FY 2024 | $649 | $681 | $895 | $1,135 | $1,217 | +20.6% |
| FY 2025 | $683 | $723 | $949 | $1,223 | $1,307 | +6.0% |
| FY 2026 | $711 | $758 | $995 | $1,329 | $1,389 | +4.8% |
| FY 2027 | $730 | $781 | $1,022 | $1,396 | $1,428 | +2.7% |
Nearby counties
Questions people ask
$995 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $711 for a studio, $758 for one bedroom, $1,329 for three and $1,389 for four.
Tools for this county
Fair Market Rent lookup
Look up any ZIP code's Small Area FMR by bedroom count.
Section 8 rent calculator
Work out the 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
See what income a household needs for a given rent.
What does a rental in Owen actually go for?
HUD's number is one input. Search any address in Owen for a rent estimate built from nearby comps. 3 free searches, no card.
Free tier. No credit card.