FY2027 Small Area FMR · Madisonville, KY

ZIP 42431 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 42431 (Madisonville, KY) is $980 a month, up 6.5% from FY2026. That is 2% above the Hopkins County, KY area-wide FMR of $959.

2-bedroom SAFMR$980per month ▲ 6.5%

Area-wide 2 BR FMR$959Hopkins County, KY

Rank in the area8thof 13 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$882

2 BR Small Area FMR$980

110% of SAFMR$1,078

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

Studio$720▲ 5.9%

1 BR$750▲ 7.1%

2 BR$980▲ 6.5%

3 BR$1,280▲ 7.6%

4 BR$1,440▲ 5.9%

FY2027 FY2026

Where 42431 sits in the Hopkins County, KY area

Of the 13 ZIP codes HUD lists for the area, 42431 has the 8th highest two-bedroom Small Area FMR. Hopkins 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 $959 for two bedrooms; an agency that opts in to Small Area FMRs would use $980 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	$701	$680
1 bedroom	$750	$675 – $825	$733	$700
2 bedrooms	$980	$882 – $1,078	$959	$920
3 bedrooms	$1,280	$1,152 – $1,408	$1,249	$1,190
4 bedrooms	$1,440	$1,296 – $1,584	$1,405	$1,360

A household renting a two-bedroom home at the Small Area FMR of $980 needs about $39,200 a year to keep housing costs at 30% of income. The area median family income is $74,600 and the 80% low-income limit for four people is $59,700. ZIP code 42431 lies mainly in Hopkins County. See the Hopkins County, KY county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
42410	Earlington	4.2 mi	$920
42436	Manitou	5.8 mi	$980
42440	Mortons Gap	6.5 mi	$910
42413	Hanson	7.9 mi	$970
42344	Graham	10.0 mi	$960
42441	Nebo	10.5 mi	$1,020

Questions

What is the Fair Market Rent for ZIP code 42431?

HUD's FY2027 Small Area Fair Market Rents for 42431 are $720 (studio), $750 (1 BR), $980 (2 BR), $1,280 (3 BR) and $1,440 (4 BR) a month.

What is the Section 8 payment standard in 42431?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 42431 that range is $882 to $1,078 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 42431?

The FY2026 income limits of the Hopkins County, KY area apply: median family income $74,600, low-income (80%) limit $59,700 for a family of four.