HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Perry County, Kentucky (FY 2027)
A two-bedroom in Perry County carries a FY 2027 Fair Market Rent of $1,010 a month, effective October 1, 2026 through September 30, 2027. Everything Section 8 pays in Perry keys off that figure.
Two-bedroom FMR
$1,010
+5.3% from FY 2026
Payment standard
$909–$1,111
90% to 110% of the FMR, two-bedroom
Income to afford
$40,400
a year, with rent at 30% of income
Rank in Kentucky
43rd 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 | $722 | $650–$794 | $28,880 | $13.88/hr | +5.4% |
| 1 bedroom | $772 | $695–$849 | $30,880 | $14.85/hr | +5.6% |
| 2 bedroom | $1,010 | $909–$1,111 | $40,400 | $19.42/hr | +5.3% |
| 3 bedroom | $1,203 | $1,083–$1,323 | $48,120 | $23.13/hr | +4.6% |
| 4 bedroom | $1,327 | $1,194–$1,460 | $53,080 | $25.52/hr | +4.5% |
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 | $1,526 | $1,373–$1,679 |
| 6 bedroom Estimate | $1,725 | $1,553–$1,898 |
| 7 bedroom Estimate | $1,924 | $1,732–$2,116 |
| 8 bedroom Estimate | $2,123 | $1,911–$2,335 |
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 Perry actually rent for?
Search any address in Perry 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 Perry somewhere between $909 and $1,111. 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.
$1,010 a month is affordable, by HUD's 30% rule, on an income of roughly $40,400 a year. Put another way, $19 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%$909 | Voucher pays at 100%$1,010 | Voucher pays at 110%$1,111 |
|---|---|---|---|---|
| $2,500 | $750 | $159 | $260 | $361 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 5% from FY 2026 ($959) to FY 2027 ($1,010). Since FY 2020 it's up 60% in total, about 7.0% 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 | $448 | $550 | $631 | $852 | $855 | — |
| FY 2021 | $475 | $575 | $663 | $922 | $967 | +5.1% |
| FY 2022 | $482 | $518 | $674 | $865 | $979 | +1.7% |
| FY 2023 | $563 | $590 | $776 | $944 | $1,106 | +15.1% |
| FY 2024 | $676 | $710 | $933 | $1,128 | $1,245 | +20.2% |
| FY 2025 | $678 | $718 | $942 | $1,135 | $1,249 | +1.0% |
| FY 2026 | $685 | $731 | $959 | $1,150 | $1,270 | +1.8% |
| FY 2027In effect | $722 | $772 | $1,010 | $1,203 | $1,327 | +5.3% |
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 Perry, that runs from $722 for a studio up to $1,327 for four bedrooms, all five rates in the table above.
Because Perry 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, Hazard included.
Among Kentucky's 120 counties, Perry ranks 43rd for two-bedroom FMR. That's about 9% above the state median of $925 and about 5% below the national median county at $1,063. About 27,499 people live here, 39th 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 41773 (Vicco) and $1,040 in 41754 (Krypton), with the 24 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 |
|---|---|---|---|
| 40981 | Saul | $1,010 | 0.0% |
| 41367 | Rowdy | $1,010 | 0.0% |
| 41701 | Hazard | $1,030 | +2.0% |
| 41702 | Hazard | $1,010County rate | — |
| 41712 | Ary | $1,020 | +1.0% |
| 41713 | Avawam | $1,010 | 0.0% |
| 41719 | Bonnyman | $1,020 | +1.0% |
| 41721 | Buckhorn | $1,000 | -1.0% |
| 41722 | Bulan | $980 | -3.0% |
| 41723 | Busy | $970 | -4.0% |
| 41727 | Chavies | $1,010 | 0.0% |
| 41729 | Combs | $1,030 | +2.0% |
| 41731 | Cornettsville | $960 | -5.0% |
| 41735 | Delphia | $1,010 | 0.0% |
| 41736 | Dice | $1,010 | 0.0% |
| 41739 | Dwarf | $1,000 | -1.0% |
| 41745 | Gays Creek | $1,010 | 0.0% |
| 41746 | Happy | $1,010 | 0.0% |
| 41751 | Jeff | $1,010 | 0.0% |
| 41754 | Krypton | $1,040 | +3.0% |
| 41760 | Scuddy | $1,010 | 0.0% |
| 41763 | Slemp | $1,010 | 0.0% |
| 41773 | Vicco | $910 | -9.9% |
| 41774 | Viper | $1,010 | 0.0% |
| 41778 | Yerkes | $1,010 | 0.0% |
Nearby counties
Two-bedroom FMR, with how each compares to Perry.
Leslie County
16 mi · 10,079 people
$909
-10%
Knott County
17 mi · 13,830 people
$983
-3%
Breathitt County
19 mi · 13,276 people
$909
-10%
Letcher County
23 mi · 20,808 people
$909
-10%
Owsley County
26 mi · 3,971 people
$909
-10%
Clay County
28 mi · 19,921 people
$909
-10%
Harlan County
28 mi · 25,772 people
$909
-10%
Floyd County
32 mi · 35,224 people
$925
-8%
Questions people ask
$1,010 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $722 for a studio, $772 for one bedroom, $1,203 for three and $1,327 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 Perry actually go for?
HUD's number is one input. Search any address in Perry for a rent estimate built from nearby comps. Free to start, no card.
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