FY2027 Small Area FMR · Somerset, KY
ZIP 42503 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 42503 (Somerset, KY) is $960 a month, down 1.0% from FY2026. That is 4% above the Pulaski County, KY area-wide FMR of $924.
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 42503 sits in the Pulaski County, KY area
Of the 18 ZIP codes HUD lists for the area, 42503 has the 2nd highest two-bedroom Small Area FMR. Pulaski 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 $924 for two bedrooms; an agency that opts in to Small Area FMRs would use $960 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $690 | $621 – $759 | $660 | $690 |
| 1 bedroom | $730 | $657 – $803 | $706 | $740 |
| 2 bedrooms | $960 | $864 – $1,056 | $924 | $970 |
| 3 bedrooms | $1,140 | $1,026 – $1,254 | $1,101 | $1,160 |
| 4 bedrooms | $1,360 | $1,224 – $1,496 | $1,308 | $1,420 |
A household renting a two-bedroom home at the Small Area FMR of $960 needs about $38,400 a year to keep housing costs at 30% of income. The area median family income is $75,300 and the 80% low-income limit for four people is $60,250. ZIP code 42503 lies mainly in Pulaski County. See the Pulaski 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 42503?
HUD's FY2027 Small Area Fair Market Rents for 42503 are $690 (studio), $730 (1 BR), $960 (2 BR), $1,140 (3 BR) and $1,360 (4 BR) a month.
What is the Section 8 payment standard in 42503?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 42503 that range is $864 to $1,056 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 42503?
The FY2026 income limits of the Pulaski County, KY area apply: median family income $75,300, low-income (80%) limit $60,250 for a family of four.