Rent by ZIP · Rowan County
Rent in Morehead, KY 40351
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $940 (+5.6% vs FY2026). Renters in this ZIP code pay a median $786 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $680 | $610 | +11.5% | $612–748 | $581 ±$235 |
| 1 bedroom | $760 | $720 | +5.6% | $684–836 | $628 ±$66 |
| 2 bedrooms | $940 | $890 | +5.6% | $846–1,034 | $790 ±$50 |
| 3 bedrooms | $1,210 | $1,130 | +7.1% | $1,089–1,331 | $891 ±$119 |
| 4 bedrooms | $1,560 | $1,480 | +5.4% | $1,404–1,716 | $1,413 ±$162 |
Small Area FMRs for the Rowan County, KY. This ZIP code is in more than one HUD area; figures are for the main one. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Rowan County, KY, 2 bedrooms: $977.
What renters pay in 40351
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 40350 | Moorefield | $920 | – |
| 40353 | Mount Sterling | $1,150 | $865 |
| 40348 | Millersburg | $1,150 | $728 |
| 40347 | Midway | $1,290 | $1,113 |
| 40355 | New Liberty | $1,020 | – |
| 40346 | Means | $940 | – |
Fair Market Rents across Rowan County, KY · All KY counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.