FY2027 Small Area FMR · Bandana, KY

ZIP 42022 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 42022 (Bandana, KY) is $1,270 a month, up 5.8% from FY2026. That is 8% above the Ballard County, KY area-wide FMR of $1,180.

2-bedroom SAFMR$1,270per month ▲ 5.8%

Area-wide 2 BR FMR$1,180Ballard County, KY

Rank in the area2ndof 6 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,143

2 BR Small Area FMR$1,270

110% of SAFMR$1,397

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

Studio$890■ 0.0%

1 BR$980▲ 5.4%

2 BR$1,270▲ 5.8%

3 BR$1,510▲ 4.1%

4 BR$1,690▼ 9.1%

FY2027 FY2026

Where 42022 sits in the Ballard County, KY area

Of the 6 ZIP codes HUD lists for the area, 42022 has the 2nd highest two-bedroom Small Area FMR. Ballard 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 $1,180 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,270 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	$890	$801 – $979	$822	$890
1 bedroom	$980	$882 – $1,078	$902	$930
2 bedrooms	$1,270	$1,143 – $1,397	$1,180	$1,200
3 bedrooms	$1,510	$1,359 – $1,661	$1,406	$1,450
4 bedrooms	$1,690	$1,521 – $1,859	$1,551	$1,860

A household renting a two-bedroom home at the Small Area FMR of $1,270 needs about $50,800 a year to keep housing costs at 30% of income. The area median family income is $94,500 and the 80% low-income limit for four people is $70,750. ZIP code 42022 lies mainly in Ballard County. See the Ballard County, KY county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
42056	La Center	3.5 mi	$1,300
42053	Kevil	4.3 mi	$1,190
62953	Joppa	6.7 mi	$1,090
62941	Grand Chain	6.9 mi	$1,160
42024	Barlow	7.5 mi	$970
62956	Karnak	9.3 mi	$940

Questions

What is the Fair Market Rent for ZIP code 42022?

HUD's FY2027 Small Area Fair Market Rents for 42022 are $890 (studio), $980 (1 BR), $1,270 (2 BR), $1,510 (3 BR) and $1,690 (4 BR) a month.

What is the Section 8 payment standard in 42022?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 42022 that range is $1,143 to $1,397 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 42022?

The FY2026 income limits of the Ballard County, KY area apply: median family income $94,500, low-income (80%) limit $70,750 for a family of four.