HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Pike County, Kentucky (FY 2027)
HUD's FY 2027 Fair Market Rent for a two-bedroom in Pike County is $1,095 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.
Two-bedroom FMR
$1,095
+12.1% from FY 2026
Payment standard
$986–$1,205
90% to 110% of the FMR, two-bedroom
Income to afford
$43,800
a year, with rent at 30% of income
Rank in Kentucky
34th 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 | $763 | $687–$839 | $30,520 | $14.67/hr | +9.3% |
| 1 bedroom | $837 | $753–$921 | $33,480 | $16.10/hr | +12.3% |
| 2 bedroom | $1,095 | $986–$1,205 | $43,800 | $21.06/hr | +12.1% |
| 3 bedroom | $1,305 | $1,175–$1,436 | $52,200 | $25.10/hr | +11.4% |
| 4 bedroom | $1,812 | $1,631–$1,993 | $72,480 | $34.85/hr | +16.8% |
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 | $2,084 | $1,876–$2,292 |
| 6 bedroom Estimate | $2,356 | $2,120–$2,592 |
| 7 bedroom Estimate | $2,627 | $2,364–$2,890 |
| 8 bedroom Estimate | $2,899 | $2,609–$3,189 |
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 Pike actually rent for?
Search any address in Pike 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 Pike somewhere between $986 and $1,205. 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.
$1,095 a month is affordable, by HUD's 30% rule, on an income of roughly $43,800 a year. Put another way, $21 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%$986 | Voucher pays at 100%$1,095 | Voucher pays at 110%$1,205 |
|---|---|---|---|---|
| $2,500 | $750 | $236 | $345 | $455 |
| $4,000 | $1,200 | $0 | $0 | $5 |
Rate history
The two-bedroom rate went up 12% from FY 2026 ($977) to FY 2027 ($1,095). Since FY 2020 it's up 59% in total, about 6.8% 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 | $532 | $535 | $690 | $860 | $1,054 | — |
| FY 2021 | $566 | $566 | $711 | $884 | $1,081 | +3.0% |
| FY 2022 | $510 | $582 | $697 | $862 | $1,069 | -2.0% |
| FY 2023 | $560 | $684 | $772 | $940 | $1,155 | +10.8% |
| FY 2024 | $660 | $784 | $911 | $1,102 | $1,324 | +18.0% |
| FY 2025 | $706 | $771 | $981 | $1,182 | $1,431 | +7.7% |
| FY 2026 | $698 | $745 | $977 | $1,171 | $1,552 | -0.4% |
| FY 2027In effect | $763 | $837 | $1,095 | $1,305 | $1,812 | +12.1% |
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 Pike, that runs from $763 for a studio up to $1,812 for four bedrooms, all five rates in the table above.
Because Pike 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, Pikeville included.
Among Kentucky's 120 counties, Pike ranks 34th for two-bedroom FMR. That's about 18% above the state median of $925 and about 3% above the national median county at $1,063. About 56,727 people live here, 17th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $920 in 41558 (Ransom) and $1,140 in 41501 (Pikeville), with the 41 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 |
|---|---|---|---|
| 41501 | Pikeville | $1,140 | +4.1% |
| 41502 | Pikeville | $1,100 | +0.5% |
| 41503 | South Williamson | $1,100 | +0.5% |
| 41512 | Ashcamp | $970 | -11.4% |
| 41513 | Belcher | $1,030 | -5.9% |
| 41514 | Belfry | $1,100 | +0.5% |
| 41519 | Canada | $1,100 | +0.5% |
| 41520 | Dorton | $1,100 | +0.5% |
| 41522 | Elkhorn City | $1,030 | -5.9% |
| 41524 | Fedscreek | $1,100 | +0.5% |
| 41526 | Fords Branch | $1,100 | +0.5% |
| 41527 | Forest Hills | $1,100 | +0.5% |
| 41528 | Freeburn | $1,100 | +0.5% |
| 41531 | Hardy | $1,100 | +0.5% |
| 41534 | Hellier | $1,010 | -7.8% |
| 41535 | Huddy | $1,100 | +0.5% |
| 41538 | Jonancy | $970 | -11.4% |
| 41539 | Kimper | $1,000 | -8.7% |
| 41540 | Lick Creek | $1,100 | +0.5% |
| 41542 | Lookout | $1,100 | +0.5% |
| 41543 | Mc Andrews | $1,100 | +0.5% |
| 41544 | Mc Carr | $1,100 | +0.5% |
| 41547 | Majestic | $1,100 | +0.5% |
| 41548 | Mouthcard | $1,100 | +0.5% |
| 41549 | Myra | $1,100 | +0.5% |
| 41553 | Phelps | $1,100 | +0.5% |
| 41554 | Phyllis | $1,100 | +0.5% |
| 41555 | Pinsonfork | $950 | -13.2% |
| 41557 | Raccoon | $1,100 | +0.5% |
| 41558 | Ransom | $920 | -16.0% |
| 41559 | Regina | $1,080 | -1.4% |
| 41560 | Robinson Creek | $1,130 | +3.2% |
| 41561 | Rockhouse | $1,100 | +0.5% |
| 41562 | Shelbiana | $1,120 | +2.3% |
| 41563 | Shelby Gap | $920 | -16.0% |
| 41564 | Sidney | $1,100 | +0.5% |
| 41566 | Steele | $1,100 | +0.5% |
| 41567 | Stone | $1,100 | +0.5% |
| 41568 | Stopover | $1,100 | +0.5% |
| 41571 | Varney | $1,100 | +0.5% |
Nearby counties
Two-bedroom FMR, with how each compares to Pike.
Floyd County
21 mi · 35,224 people
$925
-16%
Martin County
27 mi · 11,027 people
$909
-17%
Knott County
33 mi · 13,830 people
$983
-10%
Letcher County
33 mi · 20,808 people
$909
-17%
Johnson County
36 mi · 22,334 people
$909
-17%
Magoffin County
39 mi · 11,348 people
$909
-17%
Lawrence County
46 mi · 16,077 people
$971
-11%
Perry County
49 mi · 27,499 people
$1,010
-8%
Questions people ask
$1,095 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $763 for a studio, $837 for one bedroom, $1,305 for three and $1,812 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 Pike actually go for?
HUD's number is one input. Search any address in Pike for a rent estimate built from nearby comps. Free to start, no card.
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