ZIP 42603 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 42603 in the Clinton County, KY FMR area.

Clinton County, KY

$650Efficiency

$7701 bedroom

$9102 bedrooms

$1,1803 bedrooms

$1,4104 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$650	$585	$715	$650
1 bedroom	$770	$693	$847	$695
2 bedrooms	$910	$819	$1,001	$909
3 bedrooms	$1,180	$1,062	$1,298	$1,083
4 bedrooms	$1,410	$1,269	$1,551	$1,270

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

Wayne County, KY

$650Efficiency

$7701 bedroom

$9102 bedrooms

$1,1803 bedrooms

$1,4104 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$650	$585	$715	$650
1 bedroom	$770	$693	$847	$834
2 bedrooms	$910	$819	$1,001	$909
3 bedrooms	$1,180	$1,062	$1,298	$1,259
4 bedrooms	$1,410	$1,269	$1,551	$1,519

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

Income in ZIP 42603

$39,228average adjusted gross income per tax return (2022)

$28,522average salaries and wages per return

180tax returns filed

28%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	38.9%
$25,000 to $50,000	27.8%
$50,000 to $75,000	16.7%
$75,000 to $100,000	16.7%
$100,000 to $200,000	0.0%
$200,000 or more	0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 33.3% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 42603?

HUD's FY2027 Small Area FMRs for ZIP 42603 (Clinton County, KY) are $650 efficiency, $770 one bedroom, $910 two bedrooms, $1,180 three and $1,410 four bedrooms.

What payment standard can a housing authority set in ZIP 42603?

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 42603?

Tax returns filed from ZIP 42603 reported an average adjusted gross income of $39,228 (2022). A two-bedroom unit at the Small Area FMR costs $10,920 a year, or 28% of that income.