ZIP 42352 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 42352 in the Owensboro, KY MSA FMR area.

Owensboro, KY MSA

$760Efficiency

$7701 bedroom

$1,0002 bedrooms

$1,3203 bedrooms

$1,3304 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$760	$684	$836	$864
1 bedroom	$770	$693	$847	$870
2 bedrooms	$1,000	$900	$1,100	$1,138
3 bedrooms	$1,320	$1,188	$1,452	$1,507
4 bedrooms	$1,330	$1,197	$1,463	$1,516

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

Ohio County, KY

$760Efficiency

$7701 bedroom

$1,0002 bedrooms

$1,3203 bedrooms

$1,3304 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$760	$684	$836	$650
1 bedroom	$770	$693	$847	$695
2 bedrooms	$1,000	$900	$1,100	$909
3 bedrooms	$1,320	$1,188	$1,452	$1,178
4 bedrooms	$1,330	$1,197	$1,463	$1,415

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

Income in ZIP 42352

$58,492average adjusted gross income per tax return (2022)

$38,036average salaries and wages per return

770tax returns filed

21%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	31.2%
$25,000 to $50,000	28.6%
$50,000 to $75,000	14.3%
$75,000 to $100,000	10.4%
$100,000 to $200,000	15.6%
$200,000 or more	0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 19.5% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 42352?

HUD's FY2027 Small Area FMRs for ZIP 42352 (Owensboro, KY MSA) are $760 efficiency, $770 one bedroom, $1,000 two bedrooms, $1,320 three and $1,330 four bedrooms.

What payment standard can a housing authority set in ZIP 42352?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $900 to $1,100.

How affordable is rent in ZIP 42352?

Tax returns filed from ZIP 42352 reported an average adjusted gross income of $58,492 (2022). A two-bedroom unit at the Small Area FMR costs $12,000 a year, or 21% of that income.