FY2027 Small Area FMR · Almo, KY

ZIP 42020 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 42020 (Almo, KY) is $1,180 a month, up 7.3% from FY2026. That is 2% above the Calloway County, KY area-wide FMR of $1,155.

2-bedroom SAFMR$1,180per month ▲ 7.3%

Area-wide 2 BR FMR$1,155Calloway County, KY

Rank in the area2ndof 10 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,062

2 BR Small Area FMR$1,180

110% of SAFMR$1,298

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$860▲ 8.9%

1 BR$900▲ 5.9%

2 BR$1,180▲ 7.3%

3 BR$1,400▲ 5.3%

4 BR$1,550▲ 5.4%

FY2027 FY2026

Where 42020 sits in the Calloway County, KY area

Of the 10 ZIP codes HUD lists for the area, 42020 has the 2nd highest two-bedroom Small Area FMR. Calloway 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 $1,155 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,180 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$860	$774 – $946	$848	$790
1 bedroom	$900	$810 – $990	$883	$850
2 bedrooms	$1,180	$1,062 – $1,298	$1,155	$1,100
3 bedrooms	$1,400	$1,260 – $1,540	$1,376	$1,330
4 bedrooms	$1,550	$1,395 – $1,705	$1,518	$1,470

A household renting a two-bedroom home at the Small Area FMR of $1,180 needs about $47,200 a year to keep housing costs at 30% of income. The area median family income is $82,300 and the 80% low-income limit for four people is $65,850. ZIP code 42020 lies mainly in Calloway County. See the Calloway County, KY county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
42036	Dexter	4.4 mi	$1,160
42071	Murray	4.7 mi	$1,170
42048	Hardin	6.1 mi	$990
42054	Kirksey	7.8 mi	$1,450
42025	Benton	11.6 mi	$990
42049	Hazel	12.1 mi	$1,010

Questions

What is the Fair Market Rent for ZIP code 42020?

HUD's FY2027 Small Area Fair Market Rents for 42020 are $860 (studio), $900 (1 BR), $1,180 (2 BR), $1,400 (3 BR) and $1,550 (4 BR) a month.

What is the Section 8 payment standard in 42020?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 42020 that range is $1,062 to $1,298 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 42020?

The FY2026 income limits of the Calloway County, KY area apply: median family income $82,300, low-income (80%) limit $65,850 for a family of four.