ZIP 42406 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 42406 in the Henderson County, KY FMR area.

Henderson County, KY

$780Efficiency

$7901 bedroom

$9102 bedrooms

$1,2203 bedrooms

$1,3604 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$780	$702	$858	$787
1 bedroom	$790	$711	$869	$792
2 bedrooms	$910	$819	$1,001	$909
3 bedrooms	$1,220	$1,098	$1,342	$1,222
4 bedrooms	$1,360	$1,224	$1,496	$1,366

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

Webster County, KY

$780Efficiency

$7901 bedroom

$9102 bedrooms

$1,2203 bedrooms

$1,3604 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$780	$702	$858	$650
1 bedroom	$790	$711	$869	$695
2 bedrooms	$910	$819	$1,001	$909
3 bedrooms	$1,220	$1,098	$1,342	$1,241
4 bedrooms	$1,360	$1,224	$1,496	$1,270

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

Income in ZIP 42406

$64,459average adjusted gross income per tax return (2022)

$47,777average salaries and wages per return

1,170tax returns filed

17%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	26.5%
$25,000 to $50,000	22.2%
$50,000 to $75,000	17.1%
$75,000 to $100,000	14.5%
$100,000 to $200,000	17.1%
$200,000 or more	2.6%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 17.1% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 42406?

HUD's FY2027 Small Area FMRs for ZIP 42406 (Henderson County, KY) are $780 efficiency, $790 one bedroom, $910 two bedrooms, $1,220 three and $1,360 four bedrooms.

What payment standard can a housing authority set in ZIP 42406?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $819 to $1,001.

How affordable is rent in ZIP 42406?

Tax returns filed from ZIP 42406 reported an average adjusted gross income of $64,459 (2022). A two-bedroom unit at the Small Area FMR costs $10,920 a year, or 17% of that income.