FY2027 Small Area FMR · Oakland, KY

ZIP 42159 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 42159 (Oakland, KY) is $1,350 a month, up 1.5% from FY2026. That is 13% above the Bowling Green, KY area-wide FMR of $1,199.

2-bedroom SAFMR$1,350per month ▲ 1.5%

Area-wide 2 BR FMR$1,199Bowling Green, KY

Rank in the area3rdof 20 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,215

2 BR Small Area FMR$1,350

110% of SAFMR$1,485

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

Studio$1,040▲ 1.0%

1 BR$1,150▲ 0.9%

2 BR$1,350▲ 1.5%

3 BR$1,620▲ 1.2%

4 BR$2,210▲ 6.2%

FY2027 FY2026

Where 42159 sits in the Bowling Green, KY area

Of the 20 ZIP codes HUD lists for the area, 42159 has the 3rd highest two-bedroom Small Area FMR. Bowling Green, 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 $1,199 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,350 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	$1,040	$936 – $1,144	$920	$1,030
1 bedroom	$1,150	$1,035 – $1,265	$1,020	$1,140
2 bedrooms	$1,350	$1,215 – $1,485	$1,199	$1,330
3 bedrooms	$1,620	$1,458 – $1,782	$1,438	$1,600
4 bedrooms	$2,210	$1,989 – $2,431	$1,959	$2,080

A household renting a two-bedroom home at the Small Area FMR of $1,350 needs about $54,000 a year to keep housing costs at 30% of income. The area median family income is $81,400 and the 80% low-income limit for four people is $65,100. ZIP code 42159 lies mainly in Warren County. See the Bowling Green, KY metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
42103	Bowling Green	4.7 mi	$1,370
42171	Smiths Grove	5.0 mi	$1,090
42163	Rocky Hill	8.7 mi	$1,040
42122	Alvaton	11.0 mi	$1,410
42101	Bowling Green	12.8 mi	$1,180
42104	Bowling Green	13.8 mi	$1,230

Questions

What is the Fair Market Rent for ZIP code 42159?

HUD's FY2027 Small Area Fair Market Rents for 42159 are $1,040 (studio), $1,150 (1 BR), $1,350 (2 BR), $1,620 (3 BR) and $2,210 (4 BR) a month.

What is the Section 8 payment standard in 42159?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 42159 that range is $1,215 to $1,485 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 42159?

The FY2026 income limits of the Bowling Green, KY area apply: median family income $81,400, low-income (80%) limit $65,100 for a family of four.