FY2027 Small Area FMR · Caneyville, KY
ZIP 42721 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 42721 (Caneyville, KY) is $1,040 a month, down 1.9% from FY2026. That is 13% below the Bowling Green, KY area-wide FMR of $1,199.
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 42721 sits in the Bowling Green, KY area
Of the 20 ZIP codes HUD lists for the area, 42721 has the 11th highest two-bedroom Small Area FMR. Bowling Green, 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 $1,199 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,040 for this ZIP code instead.
ZIP code 42721 crosses more than one HUD area. HUD also lists it under Butler County, KY (same figures), Grayson County, KY (same figures) and Ohio 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 | $810 | $729 – $891 | $920 | $800 |
| 1 bedroom | $890 | $801 – $979 | $1,020 | $900 |
| 2 bedrooms | $1,040 | $936 – $1,144 | $1,199 | $1,060 |
| 3 bedrooms | $1,250 | $1,125 – $1,375 | $1,438 | $1,280 |
| 4 bedrooms | $1,630 | $1,467 – $1,793 | $1,959 | $1,620 |
A household renting a two-bedroom home at the Small Area FMR of $1,040 needs about $41,600 a year to keep housing costs at 30% of income. The area median family income is $81,400 and the 80% low-income limit for four people is $65,100. ZIP code 42721 lies mainly in Grayson County, Butler County and Edmonson County. See the Bowling Green, KY metro page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 42721?
HUD's FY2027 Small Area Fair Market Rents for 42721 are $810 (studio), $890 (1 BR), $1,040 (2 BR), $1,250 (3 BR) and $1,630 (4 BR) a month.
What is the Section 8 payment standard in 42721?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 42721 that range is $936 to $1,144 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 42721?
The FY2026 income limits of the Bowling Green, KY area apply: median family income $81,400, low-income (80%) limit $65,100 for a family of four.