FY2027 Small Area FMR · Beaver Dam, KY
ZIP 42320 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 42320 (Beaver Dam, KY) is $920 a month, up 4.5% from FY2026. That is 1% above the Butler 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 42320 sits in the Butler County, KY area
Of the 14 ZIP codes HUD lists for the area, 42320 has the 6th highest two-bedroom Small Area FMR. Butler 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 $920 for this ZIP code instead.
ZIP code 42320 crosses more than one HUD area. HUD also lists it under Ohio 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 | $660 | $594 – $726 | $690 | $630 |
| 1 bedroom | $700 | $630 – $770 | $695 | $670 |
| 2 bedrooms | $920 | $828 – $1,012 | $909 | $880 |
| 3 bedrooms | $1,190 | $1,071 – $1,309 | $1,190 | $1,100 |
| 4 bedrooms | $1,430 | $1,287 – $1,573 | $1,195 | $1,240 |
A household renting a two-bedroom home at the Small Area FMR of $920 needs about $36,800 a year to keep housing costs at 30% of income. The area median family income is $75,200 and the 80% low-income limit for four people is $60,150. ZIP code 42320 lies mainly in Ohio County and Butler County. See the Butler 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 42320?
HUD's FY2027 Small Area Fair Market Rents for 42320 are $660 (studio), $700 (1 BR), $920 (2 BR), $1,190 (3 BR) and $1,430 (4 BR) a month.
What is the Section 8 payment standard in 42320?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 42320 that range is $828 to $1,012 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 42320?
The FY2026 income limits of the Butler County, KY area apply: median family income $75,200, low-income (80%) limit $60,150 for a family of four.