Kentucky · FIPS 21211 · HUD FY 2027
Shelby County, Kentucky Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Shelby County is $1,149 a month (rent plus utilities), 1% below the Kentucky average of $1,155 and 35% below the U.S. average of $1,765. That is up $6 (0.5%) from FY 2026. At 30% of income, a household needs about $45,960 a year to afford it.
- $1,1492-bedroom FMR+$6 (+0.5%) vs FY 2026
- $9981-bedroom FMRKentucky: $946 · U.S.: $1,482
- $45,960Income for a 2-bedroom$22/hour full-time
- 26 of 1202BR rank in Kentucky1 = highest rent
| Unit | Shelby County FY 2027 | FY 2026 | Change | Kentucky avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $873 | $954 | −$81 (−8.5%) | $854 | $1,382 | $34,920 |
| 1 bedroom | $998 | $1,027 | −$29 (−2.8%) | $946 | $1,482 | $39,920 |
| 2 bedrooms | $1,149 | $1,143 | +$6 (+0.5%) | $1,155 | $1,765 | $45,960 |
| 3 bedrooms | $1,369 | $1,417 | −$48 (−3.4%) | $1,500 | $2,272 | $54,760 |
| 4 bedrooms | $1,692 | $1,697 | −$5 (−0.3%) | $1,708 | $2,614 | $67,680 |
How Shelby County compares
- HUD sets this rent for the Shelby County, KY metro FMR area, which covers 49,096 residents in 1 county.
- Across Kentucky, 2-bedroom FMRs run from $909 (Wolfe County) to $1,442 (Boone County).
- Studio to 4-bedroom: $873, $998, $1,149, $1,369, $1,692. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 5 ZIP codes mostly in Shelby County (by land area), the 2-bedroom figure ranges from $1,150 to $1,390.
Small Area FMRs by ZIP code in Shelby County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 40003 | $940 | $1,020 | $1,210 | $1,500 | $1,840 | −$50 (−4.0%) | 5% above |
| 40022 | $870 | $990 | $1,150 | $1,390 | $1,690 | +$10 (+0.9%) | about the same as |
| 40065 | $880 | $1,010 | $1,160 | $1,380 | $1,710 | +$10 (+0.9%) | 1% above |
| 40067 | $1,060 | $1,180 | $1,390 | $1,720 | $2,050 | +$10 (+0.7%) | 21% above |
| 40076 | $840 | $1,000 | $1,150 | $1,410 | $1,700 | +$50 (+4.5%) | about the same as |
Sources
- U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
- HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.