ZIP 42301 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 42301 in the Owensboro, KY MSA FMR area.

Owensboro, KY MSA

$900Efficiency

$9101 bedroom

$1,1902 bedrooms

$1,5803 bedrooms

$1,5904 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$900	$810	$990	$864
1 bedroom	$910	$819	$1,001	$870
2 bedrooms	$1,190	$1,071	$1,309	$1,138
3 bedrooms	$1,580	$1,422	$1,738	$1,507
4 bedrooms	$1,590	$1,431	$1,749	$1,516

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Henderson County, KY

$900Efficiency

$9101 bedroom

$1,1902 bedrooms

$1,5803 bedrooms

$1,5904 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$900	$810	$990	$787
1 bedroom	$910	$819	$1,001	$792
2 bedrooms	$1,190	$1,071	$1,309	$909
3 bedrooms	$1,580	$1,422	$1,738	$1,222
4 bedrooms	$1,590	$1,431	$1,749	$1,366

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 42301

$60,910average adjusted gross income per tax return (2022)

$42,162average salaries and wages per return

20,130tax returns filed

23%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	32.3%
$25,000 to $50,000	26.9%
$50,000 to $75,000	15.1%
$75,000 to $100,000	9.6%
$100,000 to $200,000	13.2%
$200,000 or more	2.9%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 18.5% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 42301?

HUD's FY2027 Small Area FMRs for ZIP 42301 (Owensboro, KY MSA) are $900 efficiency, $910 one bedroom, $1,190 two bedrooms, $1,580 three and $1,590 four bedrooms.

What payment standard can a housing authority set in ZIP 42301?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,071 to $1,309.

How affordable is rent in ZIP 42301?

Tax returns filed from ZIP 42301 reported an average adjusted gross income of $60,910 (2022). A two-bedroom unit at the Small Area FMR costs $14,280 a year, or 23% of that income.