FY2027 Small Area FMR · Elizabethtown, KY

ZIP 42701 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 42701 (Elizabethtown, KY) is $1,170 a month, up 0.9% from FY2026. That is 8% above the Elizabethtown, KY area-wide FMR of $1,087.

2-bedroom SAFMR$1,170per month ▲ 0.9%

Area-wide 2 BR FMR$1,087Elizabethtown, KY

Rank in the area4thof 27 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,053

2 BR Small Area FMR$1,170

110% of SAFMR$1,287

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

Studio$930▲ 1.1%

1 BR$930■ 0.0%

2 BR$1,170▲ 0.9%

3 BR$1,620▲ 0.6%

4 BR$1,960▲ 0.5%

FY2027 FY2026

Where 42701 sits in the Elizabethtown, KY area

Of the 27 ZIP codes HUD lists for the area, 42701 has the 4th highest two-bedroom Small Area FMR. Elizabethtown, 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 $1,087 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,170 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	$930	$837 – $1,023	$860	$920
1 bedroom	$930	$837 – $1,023	$866	$930
2 bedrooms	$1,170	$1,053 – $1,287	$1,087	$1,160
3 bedrooms	$1,620	$1,458 – $1,782	$1,505	$1,610
4 bedrooms	$1,960	$1,764 – $2,156	$1,817	$1,950

A household renting a two-bedroom home at the Small Area FMR of $1,170 needs about $46,800 a year to keep housing costs at 30% of income. The area median family income is $92,100 and the 80% low-income limit for four people is $70,550. ZIP code 42701 lies mainly in Hardin County. See the Elizabethtown, KY metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
40160	Radcliff	9.1 mi	$1,020
42740	Glendale	10.1 mi	$960
42748	Hodgenville	12.3 mi	$990
40162	Rineyville	12.7 mi	$1,200
42724	Cecilia	12.9 mi	$1,060
40107	Boston	13.1 mi	$960

Questions

What is the Fair Market Rent for ZIP code 42701?

HUD's FY2027 Small Area Fair Market Rents for 42701 are $930 (studio), $930 (1 BR), $1,170 (2 BR), $1,620 (3 BR) and $1,960 (4 BR) a month.

What is the Section 8 payment standard in 42701?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 42701 that range is $1,053 to $1,287 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 42701?

The FY2026 income limits of the Elizabethtown, KY area apply: median family income $92,100, low-income (80%) limit $70,550 for a family of four.