FY2027 Small Area FMR · Reed, KY

ZIP 42451 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 42451 (Reed, KY) is $1,100 a month, up 2.8% from FY2026. That is 21% above the Henderson County, KY area-wide FMR of $909.

2-bedroom SAFMR$1,100per month ▲ 2.8%

Area-wide 2 BR FMR$909Henderson County, KY

Rank in the area2ndof 11 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$990

2 BR Small Area FMR$1,100

110% of SAFMR$1,210

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

Studio$880▲ 7.3%

1 BR$880▲ 4.8%

2 BR$1,100▲ 2.8%

3 BR$1,460▲ 2.8%

4 BR$1,540▲ 2.7%

FY2027 FY2026

Where 42451 sits in the Henderson County, KY area

Of the 11 ZIP codes HUD lists for the area, 42451 has the 2nd highest two-bedroom Small Area FMR. Henderson 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 $1,100 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	$880	$792 – $968	$787	$820
1 bedroom	$880	$792 – $968	$792	$840
2 bedrooms	$1,100	$990 – $1,210	$909	$1,070
3 bedrooms	$1,460	$1,314 – $1,606	$1,222	$1,420
4 bedrooms	$1,540	$1,386 – $1,694	$1,366	$1,500

A household renting a two-bedroom home at the Small Area FMR of $1,100 needs about $44,000 a year to keep housing costs at 30% of income. The area median family income is $79,700 and the 80% low-income limit for four people is $63,750. ZIP code 42451 lies mainly in Henderson County. See the Henderson County, KY county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
42458	Spottsville	3.5 mi	$970
47630	Newburgh	5.3 mi	$1,290
47715	Evansville	7.8 mi	$1,270
42420	Henderson	8.6 mi	$970
47714	Evansville	8.7 mi	$1,180
47713	Evansville	10.4 mi	$1,110

Questions

What is the Fair Market Rent for ZIP code 42451?

HUD's FY2027 Small Area Fair Market Rents for 42451 are $880 (studio), $880 (1 BR), $1,100 (2 BR), $1,460 (3 BR) and $1,540 (4 BR) a month.

What is the Section 8 payment standard in 42451?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 42451 that range is $990 to $1,210 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 42451?

The FY2026 income limits of the Henderson County, KY area apply: median family income $79,700, low-income (80%) limit $63,750 for a family of four.