FY2027 Small Area FMR · Paducah, KY
ZIP 42003 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 42003 (Paducah, KY) is $960 a month, up 5.5% from FY2026. That is 15% below the McCracken County, KY area-wide FMR of $1,131.
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 42003 sits in the McCracken County, KY area
Of the 9 ZIP codes HUD lists for the area, 42003 has the 8th highest two-bedroom Small Area FMR. McCracken 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 $1,131 for two bedrooms; an agency that opts in to Small Area FMRs would use $960 for this ZIP code instead.
ZIP code 42003 crosses more than one HUD area. HUD also lists it under Graves County, KY (same figures) and Marshall 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 | $660 | $594 – $726 | $788 | $630 |
| 1 bedroom | $770 | $693 – $847 | $924 | $720 |
| 2 bedrooms | $960 | $864 – $1,056 | $1,131 | $910 |
| 3 bedrooms | $1,150 | $1,035 – $1,265 | $1,348 | $1,100 |
| 4 bedrooms | $1,600 | $1,440 – $1,760 | $1,616 | $1,530 |
A household renting a two-bedroom home at the Small Area FMR of $960 needs about $38,400 a year to keep housing costs at 30% of income. The area median family income is $102,400 and the 80% low-income limit for four people is $79,350. ZIP code 42003 lies mainly in McCracken County and Graves County. See the McCracken 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 42003?
HUD's FY2027 Small Area Fair Market Rents for 42003 are $660 (studio), $770 (1 BR), $960 (2 BR), $1,150 (3 BR) and $1,600 (4 BR) a month.
What is the Section 8 payment standard in 42003?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 42003 that range is $864 to $1,056 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 42003?
The FY2026 income limits of the McCracken County, KY area apply: median family income $102,400, low-income (80%) limit $79,350 for a family of four.