Owen County, KY: Fair Market Rent 2027 and Income Limits

Official HUD figures for landlords and renters, effective October 1, 2026 (rents) and May 1, 2026 (income limits).

$1,0222-bedroom FMR, FY2027

$7811-bedroom FMR, FY2027

$66,30080% income limit, family of 4 (FY2026)

$82,900Median family income (FY2026)

The FY2027 Fair Market Rent for a two-bedroom unit in Owen County is $1,022 a month, up 2.7% from $995 in FY2026. Owen County belongs to the Owen County, KY FMR area (non-metro county), so the same figures apply across that area. FMRs are gross rents: rent plus all tenant-paid utilities except phone, cable and internet.

Fair market rent in Owen County by bedroom count

Unit size	FY2027 FMR	FY2026 FMR	Change	Payment standard range (90–110%)
Studio	$730	$711	+2.7%	$657 – $803
1 bedroom	$781	$758	+3.0%	$703 – $859
2 bedrooms	$1,022	$995	+2.7%	$920 – $1,124
3 bedrooms	$1,396	$1,329	+5.0%	$1,257 – $1,535
4 bedrooms	$1,428	$1,389	+2.8%	$1,286 – $1,570

Source: HUD Fair Market Rents FY2027 (effective October 1, 2026) and FY2026 (revised file), details.

What can a landlord charge a Section 8 tenant here?

The FMR is not a cap on what you can ask on the open market. For a Housing Choice Voucher tenant, the local housing authority sets a payment standard, normally between 90% and 110% of the FMR (or of the ZIP-level Small Area FMR where those apply). For a two-bedroom unit in Owen County that is typically $920 to $1,124 including utilities. You can charge more than the payment standard if the rent passes the housing authority's rent-reasonableness test and, at move-in, the tenant's share stays within 40% of their adjusted monthly income. Ask the housing authority for its current payment standard schedule.

Can local renters afford the fair market rent?

$24,635median income of renter households (low reliability)

$830Median gross rent, all units

40%Rent-to-income ratio (median rent ÷ median renter income)

42%of renter households pay 30% or more of income on rent

At the 30% rule, a renter household earning the local median of $24,635 can afford about $616 a month including utilities. The FY2027 two-bedroom Fair Market Rent of $1,022 is $406 (65.9%) more than that. To rent a two-bedroom at the FMR, a household needs $40,880 a year under the 30% rule, or $36,792 under the common landlord rule that income must be three times the rent.

Owen County, ACS 2020–2024	Estimate ± MOE
Median gross rent (rent + utilities)	$830 ±$93
Median income of renter households	$24,635 ±$14,588
Renters paying 30% or more of income (cost-burdened)	41.6% ±10.0
Renters paying 50% or more (severely cost-burdened)	22.9% ±12.3
Renter households (where the share can be computed)	363

Change since 2015–2019

	ACS 2015–2019	ACS 2020–2024	Change
Median gross rent	$624	$830	+33.0%
Median renter household income	$29,191	$24,635	−15.6%
Renters paying 30%+ of income	50.3%	41.6%	−8.7 pts

Rent-to-income calculator: does an applicant qualify? → · Most affordable counties to rent in this state →

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates 2020–2024 and 2015–2019 (tables B25064, B25119, B25070). ± = margin of error at 90% confidence. Dollar figures are not adjusted for inflation.

HUD income limits for Owen County (FY2026)

Income limits decide who qualifies for Section 8 vouchers, public housing and most HUD-assisted units. The area median family income is $82,900 (FY2025: $85,200, −2.7%). Small figures under each limit show the change from FY2025.

Household size	1 person	2 people	3 people	4 people	5 people	6 people	7 people	8 people
Extremely low income (30%)	$17,400 +5.1%	$21,640 +2.3%	$27,320 +2.5%	$33,000 +2.6%	$38,680 +2.7%	$44,360 +2.8%	$50,040 +2.9%	$54,750 +5.5%
Very low income (50%)	$29,050 +5.6%	$33,200 +5.6%	$37,350 +5.7%	$41,450 +5.5%	$44,800 +5.5%	$48,100 +5.5%	$51,400 +5.4%	$54,750 +5.5%
Low income (80%)	$46,450 +5.4%	$53,050 +5.4%	$59,700 +5.4%	$66,300 +5.4%	$71,650 +5.4%	$76,950 +5.4%	$82,250 +5.4%	$87,550 +5.4%

The 30% limit is HUD's “extremely low income” limit: the higher of 30% of median income or the federal poverty guideline, but never above the 50% limit. That is why it can rise faster than 30% of median for larger households. Tax-credit (LIHTC) properties use separate Multifamily Tax Subsidy Project limits.

Source: HUD Section 8 Income Limits FY2026 (effective May 1, 2026) and FY2025, details.