FY2027 Small Area FMR · Beech Grove, KY

ZIP 42322 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 42322 (Beech Grove, KY) is $1,000 a month, down 2.0% from FY2026. That is 12% below the Owensboro, KY area-wide FMR of $1,138.

2-bedroom SAFMR$1,000per month ▼ 2.0%

Area-wide 2 BR FMR$1,138Owensboro, KY

Rank in the area9thof 18 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$900

2 BR Small Area FMR$1,000

110% of SAFMR$1,100

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

Studio$760▼ 1.3%

1 BR$770▼ 1.3%

2 BR$1,000▼ 2.0%

3 BR$1,320▼ 2.2%

4 BR$1,330▼ 1.5%

FY2027 FY2026

Where 42322 sits in the Owensboro, KY area

Of the 18 ZIP codes HUD lists for the area, 42322 has the 9th highest two-bedroom Small Area FMR. Owensboro, 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 $1,138 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,000 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	$760	$684 – $836	$864	$770
1 bedroom	$770	$693 – $847	$870	$780
2 bedrooms	$1,000	$900 – $1,100	$1,138	$1,020
3 bedrooms	$1,320	$1,188 – $1,452	$1,507	$1,350
4 bedrooms	$1,330	$1,197 – $1,463	$1,516	$1,350

A household renting a two-bedroom home at the Small Area FMR of $1,000 needs about $40,000 a year to keep housing costs at 30% of income. The area median family income is $92,100 and the 80% low-income limit for four people is $73,700. ZIP code 42322 lies mainly in McLean County. See the Owensboro, KY metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
42327	Calhoun	5.8 mi	$1,000
42356	Maple Mount	6.7 mi	$1,190
42455	Sebree	8.2 mi	$1,000
42452	Robards	9.0 mi	$950
42456	Slaughters	9.2 mi	$1,110
42371	Rumsey	9.2 mi	$1,000

Questions

What is the Fair Market Rent for ZIP code 42322?

HUD's FY2027 Small Area Fair Market Rents for 42322 are $760 (studio), $770 (1 BR), $1,000 (2 BR), $1,320 (3 BR) and $1,330 (4 BR) a month.

What is the Section 8 payment standard in 42322?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 42322 that range is $900 to $1,100 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 42322?

The FY2026 income limits of the Owensboro, KY area apply: median family income $92,100, low-income (80%) limit $73,700 for a family of four.