FY2027 Small Area FMR · Fulton, KY
ZIP 42041 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 42041 (Fulton, KY) is $910 a month, up 4.6% from FY2026. That is 0% equal to the Fulton 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 42041 sits in the Fulton County, KY area
Of the 2 ZIP codes HUD lists for the area, 42041 has the 2nd highest two-bedroom Small Area FMR. Fulton 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 $910 for this ZIP code instead.
ZIP code 42041 crosses more than one HUD area. HUD also lists it under Graves County, KY (same figures) and Hickman 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 | $650 | $585 – $715 | $650 | $620 |
| 1 bedroom | $690 | $621 – $759 | $695 | $660 |
| 2 bedrooms | $910 | $819 – $1,001 | $909 | $870 |
| 3 bedrooms | $1,250 | $1,125 – $1,375 | $1,259 | $1,200 |
| 4 bedrooms | $1,310 | $1,179 – $1,441 | $1,308 | $1,380 |
A household renting a two-bedroom home at the Small Area FMR of $910 needs about $36,400 a year to keep housing costs at 30% of income. The area median family income is $57,000 and the 80% low-income limit for four people is $57,500. ZIP code 42041 lies mainly in Fulton County, Graves County and Hickman County. See the Fulton 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 42041?
HUD's FY2027 Small Area Fair Market Rents for 42041 are $650 (studio), $690 (1 BR), $910 (2 BR), $1,250 (3 BR) and $1,310 (4 BR) a month.
What is the Section 8 payment standard in 42041?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 42041 that range is $819 to $1,001 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 42041?
The FY2026 income limits of the Fulton County, KY area apply: median family income $57,000, low-income (80%) limit $57,500 for a family of four.