FY2027 Small Area FMR · Russell Springs, KY
ZIP 42642 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 42642 (Russell Springs, KY) is $920 a month, up 3.4% from FY2026. That is 1% above the Adair 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 42642 sits in the Adair County, KY area
Of the 12 ZIP codes HUD lists for the area, 42642 has the 1st highest two-bedroom Small Area FMR. Adair 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 $920 for this ZIP code instead.
ZIP code 42642 crosses more than one HUD area. HUD also lists it under Casey County, KY (same figures), Pulaski County, KY (same figures) and Russell County, KY (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $660 | $594 – $726 | $650 | $640 |
| 1 bedroom | $720 | $648 – $792 | $725 | $710 |
| 2 bedrooms | $920 | $828 – $1,012 | $909 | $890 |
| 3 bedrooms | $1,140 | $1,026 – $1,254 | $1,259 | $1,100 |
| 4 bedrooms | $1,330 | $1,197 – $1,463 | $1,310 | $1,310 |
A household renting a two-bedroom home at the Small Area FMR of $920 needs about $36,800 a year to keep housing costs at 30% of income. The area median family income is $71,700 and the 80% low-income limit for four people is $57,500. ZIP code 42642 lies mainly in Russell County, Adair County and Pulaski County. See the Adair 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 42642?
HUD's FY2027 Small Area Fair Market Rents for 42642 are $660 (studio), $720 (1 BR), $920 (2 BR), $1,140 (3 BR) and $1,330 (4 BR) a month.
What is the Section 8 payment standard in 42642?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 42642 that range is $828 to $1,012 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 42642?
The FY2026 income limits of the Adair County, KY area apply: median family income $71,700, low-income (80%) limit $57,500 for a family of four.