ZIP 42376 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 42376 in the Owensboro, KY MSA FMR area.

Owensboro, KY MSA

$780Efficiency
$7901 bedroom
$1,0402 bedrooms
$1,3703 bedrooms
$1,4204 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$780$702$858$864
1 bedroom$790$711$869$870
2 bedrooms$1,040$936$1,144$1,138
3 bedrooms$1,370$1,233$1,507$1,507
4 bedrooms$1,420$1,278$1,562$1,516

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

Ohio County, KY

$780Efficiency
$7901 bedroom
$1,0402 bedrooms
$1,3703 bedrooms
$1,4204 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$780$702$858$650
1 bedroom$790$711$869$695
2 bedrooms$1,040$936$1,144$909
3 bedrooms$1,370$1,233$1,507$1,178
4 bedrooms$1,420$1,278$1,562$1,415

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

Income in ZIP 42376

$71,564average adjusted gross income per tax return (2022)
$52,025average salaries and wages per return
3,250tax returns filed
17%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00027.1%
$25,000 to $50,00020.3%
$50,000 to $75,00016.0%
$75,000 to $100,00013.5%
$100,000 to $200,00019.4%
$200,000 or more3.7%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 13.5% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 42376?

HUD's FY2027 Small Area FMRs for ZIP 42376 (Owensboro, KY MSA) are $780 efficiency, $790 one bedroom, $1,040 two bedrooms, $1,370 three and $1,420 four bedrooms.

What payment standard can a housing authority set in ZIP 42376?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $936 to $1,144.

How affordable is rent in ZIP 42376?

Tax returns filed from ZIP 42376 reported an average adjusted gross income of $71,564 (2022). A two-bedroom unit at the Small Area FMR costs $12,480 a year, or 17% of that income.