FY2027 Small Area FMR · Barlow, KY

ZIP 42024 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 42024 (Barlow, KY) is $970 a month, up 7.8% from FY2026. That is 18% below the Ballard County, KY area-wide FMR of $1,180.

2-bedroom SAFMR$970per month ▲ 7.8%

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

Rank in the area6thof 6 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$873

2 BR Small Area FMR$970

110% of SAFMR$1,067

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

Studio$720▲ 7.5%

1 BR$740▲ 7.2%

2 BR$970▲ 7.8%

3 BR$1,160▲ 7.4%

4 BR$1,480▲ 7.2%

FY2027 FY2026

Where 42024 sits in the Ballard County, KY area

Of the 6 ZIP codes HUD lists for the area, 42024 has the 6th 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 $970 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	$720	$648 – $792	$822	$670
1 bedroom	$740	$666 – $814	$902	$690
2 bedrooms	$970	$873 – $1,067	$1,180	$900
3 bedrooms	$1,160	$1,044 – $1,276	$1,406	$1,080
4 bedrooms	$1,480	$1,332 – $1,628	$1,551	$1,380

A household renting a two-bedroom home at the Small Area FMR of $970 needs about $38,800 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 42024 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	4.1 mi	$1,300
62963	Mound City	6.7 mi	$1,150
42022	Bandana	7.5 mi	$1,270
42087	Wickliffe	7.8 mi	$1,020
62996	Villa Ridge	8.5 mi	$940
62914	Cairo	9.5 mi	$960

Questions

What is the Fair Market Rent for ZIP code 42024?

HUD's FY2027 Small Area Fair Market Rents for 42024 are $720 (studio), $740 (1 BR), $970 (2 BR), $1,160 (3 BR) and $1,480 (4 BR) a month.

What is the Section 8 payment standard in 42024?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 42024 that range is $873 to $1,067 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 42024?

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.