HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Russell County, Kentucky (FY 2027)
HUD's FY 2027 Fair Market Rent for a two-bedroom in Russell County is $909 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.
Two-bedroom FMR
$909
+5.0% from FY 2026
Payment standard
$818–$1,000
90% to 110% of the FMR, two-bedroom
Income to afford
$36,360
a year, with rent at 30% of income
Rank in Kentucky
115th 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 | $650 | $585–$715 | $26,000 | $12.50/hr | +5.0% |
| 1 bedroom | $695 | $626–$765 | $27,800 | $13.37/hr | +5.3% |
| 2 bedroom | $909 | $818–$1,000 | $36,360 | $17.48/hr | +5.0% |
| 3 bedroom | $1,115 | $1,004–$1,227 | $44,600 | $21.44/hr | +7.4% |
| 4 bedroom | $1,311 | $1,180–$1,442 | $52,440 | $25.21/hr | +14.3% |
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 | $1,508 | $1,357–$1,659 |
| 6 bedroom Estimate | $1,704 | $1,534–$1,874 |
| 7 bedroom Estimate | $1,901 | $1,711–$2,091 |
| 8 bedroom Estimate | $2,098 | $1,888–$2,308 |
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 Russell actually rent for?
Search any address in Russell 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 Russell somewhere between $818 and $1,000. 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.
$909 a month is affordable, by HUD's 30% rule, on an income of roughly $36,360 a year. Put another way, $17 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%$818 | Voucher pays at 100%$909 | Voucher pays at 110%$1,000 |
|---|---|---|---|---|
| $2,500 | $750 | $68 | $159 | $250 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 5% from FY 2026 ($866) to FY 2027 ($909). Since FY 2020 it's up 44% in total, about 5.4% 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 | $522 | $526 | $631 | $840 | $1,108 | — |
| FY 2021 | $530 | $534 | $663 | $886 | $1,148 | +5.1% |
| FY 2022 | $511 | $514 | $674 | $897 | $1,034 | +1.7% |
| FY 2023 | $538 | $564 | $742 | $949 | $997 | +10.1% |
| FY 2024 | $616 | $647 | $850 | $1,043 | $1,132 | +14.6% |
| FY 2025 | $624 | $661 | $867 | $1,045 | $1,149 | +2.0% |
| FY 2026 | $619 | $660 | $866 | $1,038 | $1,147 | -0.1% |
| FY 2027In effect | $650 | $695 | $909 | $1,115 | $1,311 | +5.0% |
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 Russell, that runs from $650 for a studio up to $1,311 for four bedrooms, all five rates in the table above.
Because Russell 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, Jamestown included.
Among Kentucky's 120 counties, Russell ranks 115th for two-bedroom FMR. That's within a couple percent of the state median of $925 and about 14% below the national median county at $1,063. About 18,221 people live here, 65th 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 42629 (Jamestown) and $920 in 42642 (Russell Springs), with the 2 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.
Nearby counties
Two-bedroom FMR, with how each compares to Russell.
Adair County
15 mi · 19,089 people
$909
same rate
Wayne County
17 mi · 19,602 people
$909
same rate
Clinton County
19 mi · 9,202 people
$909
same rate
Casey County
20 mi · 15,914 people
$909
same rate
Cumberland County
25 mi · 5,948 people
$909
same rate
Pulaski County
26 mi · 65,897 people
$924
+2%
Taylor County
26 mi · 26,397 people
$909
same rate
Metcalfe County
33 mi · 10,425 people
$909
same rate
Questions people ask
$909 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $650 for a studio, $695 for one bedroom, $1,115 for three and $1,311 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 Russell actually go for?
HUD's number is one input. Search any address in Russell for a rent estimate built from nearby comps. Free to start, no card.
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