FY2027 Small Area FMR · Jamestown, KY
ZIP 42629 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 42629 (Jamestown, KY) is $910 a month, up 4.6% from FY2026. That is 0% equal to the Russell 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 42629 sits in the Russell County, KY area
Of the 7 ZIP codes HUD lists for the area, 42629 has the 4th highest two-bedroom Small Area FMR. Russell 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 $910 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $650 | $585 – $715 | $650 | $620 |
| 1 bedroom | $690 | $621 – $759 | $695 | $660 |
| 2 bedrooms | $910 | $819 – $1,001 | $909 | $870 |
| 3 bedrooms | $1,120 | $1,008 – $1,232 | $1,115 | $1,040 |
| 4 bedrooms | $1,310 | $1,179 – $1,441 | $1,311 | $1,150 |
A household renting a two-bedroom home at the Small Area FMR of $910 needs about $36,400 a year to keep housing costs at 30% of income. The area median family income is $64,100 and the 80% low-income limit for four people is $57,500. ZIP code 42629 lies mainly in Russell County. See the Russell 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 42629?
HUD's FY2027 Small Area Fair Market Rents for 42629 are $650 (studio), $690 (1 BR), $910 (2 BR), $1,120 (3 BR) and $1,310 (4 BR) a month.
What is the Section 8 payment standard in 42629?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 42629 that range is $819 to $1,001 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 42629?
The FY2026 income limits of the Russell County, KY area apply: median family income $64,100, low-income (80%) limit $57,500 for a family of four.