FY2027 Small Area FMR · Hillsboro, KY
ZIP 41049 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 41049 (Hillsboro, KY) is $950 a month, up 3.3% from FY2026. That is 5% above the Fleming County, KY area-wide FMR of $909.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 41049 sits in the Fleming County, KY area
Of the 10 ZIP codes HUD lists for the area, 41049 has the 5th highest two-bedroom Small Area FMR. Fleming County, KY is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $909 for two bedrooms; an agency that opts in to Small Area FMRs would use $950 for this ZIP code instead.
ZIP code 41049 crosses more than one HUD area. HUD also lists it under Rowan County, KY (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $680 | $612 – $748 | $650 | $660 |
| 1 bedroom | $730 | $657 – $803 | $695 | $770 |
| 2 bedrooms | $950 | $855 – $1,045 | $909 | $920 |
| 3 bedrooms | $1,180 | $1,062 – $1,298 | $1,130 | $1,210 |
| 4 bedrooms | $1,380 | $1,242 – $1,518 | $1,195 | $1,330 |
A household renting a two-bedroom home at the Small Area FMR of $950 needs about $38,000 a year to keep housing costs at 30% of income. The area median family income is $68,900 and the 80% low-income limit for four people is $57,500. ZIP code 41049 lies mainly in Fleming County and Rowan County. See the Fleming County, KY county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 41049?
HUD's FY2027 Small Area Fair Market Rents for 41049 are $680 (studio), $730 (1 BR), $950 (2 BR), $1,180 (3 BR) and $1,380 (4 BR) a month.
What is the Section 8 payment standard in 41049?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 41049 that range is $855 to $1,045 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 41049?
The FY2026 income limits of the Fleming County, KY area apply: median family income $68,900, low-income (80%) limit $57,500 for a family of four.