County FMR · HUD FY2026

Henry County Fair Market Rent

HUD's FY2026 Fair Market Rent for Henry County, KY - 9% above the US average.

Compiled by PlainRent Editorial, Fair Market Rent Editorial Team · May 15, 2026

$1,047
1-bedroom FMR: $1,272
2-bedroom FMR: -4.3%
YoY change: +9%
vs US avg

The verdict

Henry is the 15th most expensive of 120 counties in Kentucky by 2-bedroom FMR.

#15
most expensive of 120 in Kentucky (2BR): +32%
vs the state average: $41,880
income to afford it (30% rule): -4.3%
YoY, FY2025→2026

Software Developers spend the smallest share of income on rent here (11.8%), while Fast Food and Counter Workers spend the most (46.2%).

FY 2026 HUD Fair Market Rent for Henry County, KY. Verify with HUD →

The Fair Market Rent for a 1-bedroom apartment in Henry County, Kentucky is $1,047 per month in FY 2026, according to the U.S. Department of Housing and Urban Development (HUD). A 2-bedroom costs $1,272/mo and a studio is $966/mo. This is 9% higher than the national average of $959 and 32% above the Kentucky average of $794.

Rent decreased4.3% from FY 2025 ($1,094), declining against the trend. To afford rent here, a household needs at least $41,880/year based on the 30% affordability rule.

FY 2026 HUD Fair Market Rents in Kentucky. Population: 15,731. Population has held roughly steady over the past five years (-0.3%, Census ACS). That's slower than Kentucky's statewide growth of +1.6% over the same period.

What these rents mean for Henry County

The Henry County FMR area applies to all ZIP codes inside the county boundary, and Kentucky's housing authorities use it as the baseline for Section 8 Housing Choice Voucher payment standards. See how FMR is calculated for the full 40th-percentile methodology and payment-standard rules.

Compared to the rest of the country, a 1-bedroom here is 9% above the US average of $959 and 32% higher than the Kentucky state average of $794. Year-over-year, the 1-bedroom FMR moved from$1,094 in FY 2025 to $1,047 in FY 2026 - a change of -4.3%, which is unusual and suggests softening demand or revised HUD sampling.

At the FY 2026 1-bedroom FMR of $1,047, affording it under the 30%-of-income rule takes $41,880 per year (about $3,490/month) in household income, and a 2-bedroom at $1,272 pushes that threshold even higher. With a population of 15,731 and a county median household income of $60,736, the arithmetic here directly shapes which wage earners can rent without being cost-burdened.

Fair Market Rents (2026)

Studio

State avg: $719 · US avg: $893

$966/mo

↓ 3.7% YoY +34% vs state +8% vs US

1 Bedroom

State avg: $794 · US avg: $959

$1,047/mo

↓ 4.3% YoY +32% vs state +9% vs US

2 Bedroom

State avg: $984 · US avg: $1,175

$1,272/mo

↓ 4.4% YoY +29% vs state +8% vs US

3 Bedroom

State avg: $1,277 · US avg: $1,525

$1,625/mo

↓ 5.2% YoY +27% vs state +7% vs US

4 Bedroom

State avg: $1,442 · US avg: $1,756

$1,891/mo

↓ 4.9% YoY +31% vs state +8% vs US

Year-over-Year Comparison

Bedrooms	FY 2025	FY 2026	Change	vs State	vs US
Studio	$1,003	$966	$-37 (-3.7%)	+34%	+8%
1 Bedroom	$1,094	$1,047	$-47 (-4.3%)	+32%	+9%
2 Bedroom	$1,330	$1,272	$-58 (-4.4%)	+29%	+8%
3 Bedroom	$1,714	$1,625	$-89 (-5.2%)	+27%	+7%
4 Bedroom	$1,989	$1,891	$-98 (-4.9%)	+31%	+8%

Affordability Snapshot

Based on the standard that rent should not exceed 30% of gross income:

Required annual income for 1 BR

$41,880

$3,490/month gross

Required annual income for 2 BR

$50,880

$4,240/month gross

Rent Burden Analysis

How much of household income goes to rent in Henry County. The 30% threshold indicates cost burden.

Studio

19.1%

Affordable

Need $38,640/yr for 30% rule

1 Bedroom

20.7%

Affordable

Need $41,880/yr for 30% rule

2 Bedroom

25.1%

Affordable

Need $50,880/yr for 30% rule

3 Bedroom

32.1%

Burdened

Need $65,000/yr for 30% rule

4 Bedroom

37.4%

Burdened

Need $75,640/yr for 30% rule

How we calculate this

Rent burden = (FMR × 12) ÷ county median household income. Required income = (FMR × 12) ÷ 0.3, the federal 30%-of-gross-income rule HUD uses to define cost burden. Median household income is from the U.S. Census Bureau's American Community Survey; FMR is from HUD's FY2026 release. See methodology.

Henry County 2-bedroom rent burden

County median income: $60,736 · National avg burden: 21.7% ·View Kentucky rent burden →

Where Henry sits among every US county

2-bedroom Fair Market Rent vs. all 3,145 HUD counties

$1,272 Top 26% higher than 74% of 3,145 counties

Each bar is a $0.2K-wide band; taller bars hold more counties. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source U.S. Department of Housing and Urban Development, Fair Market Rents · FY2026

Fayette

$1,079
Kenton

$1,051
Boone

$1,051
Henry

$1,047
Jefferson

$1,047
Warren

$985
Hardin

$846

What this shows Henry is highlighted. Nearby Kentucky counties by 1-bedroom FMR, highest to lowest: Fayette County ($1,079), Kenton County ($1,051), Boone County ($1,051), Henry County (this county) ($1,047), Jefferson County ($1,047), Warren County ($985), Hardin County ($846).

Can Common Jobs Afford Rent Here?

How a 1-bedroom at $1,047/mo compares to Kentucky salaries for popular occupations (BLS wage data, 30%-of-income rule).

Occupation	KY Salary	Rent Burden	Verdict
Software Developers	$106,200	11.8%	Affordable
Registered Nurses	$79,910	15.7%	Affordable
General & Operations Managers	$77,150	16.3%	Affordable
Accountants & Auditors	$72,220	17.4%	Affordable
Police & Sheriff's Patrol Officers	$60,230	20.9%	Affordable
Electricians	$59,490	21.1%	Affordable
Elementary School Teachers	$57,980	21.7%	Affordable
Heavy & Tractor-Trailer Truck Drivers	$55,590	22.6%	Affordable
Paralegals & Legal Assistants	$49,000	25.6%	Affordable
Pharmacy Technicians	$37,630	33.4%	Stretched
Customer Service Representatives	$37,580	33.4%	Stretched
Janitors & Cleaners	$30,470	41.2%	Stretched
Retail Salespersons	$29,450	42.7%	Stretched
Teaching Assistants	$29,220	43%	Stretched
Fast Food & Counter Workers	$27,170	46.2%	Stretched

Salaries: BLS OES (Kentucky) median · 30% = affordable threshold · Try the salary calculator →

Rent Trends (2020–2026)

7-year Fair Market Rent history for Henry County. Shows how HUD rental rates have changed over time.

Over the 6-year span HUD has tracked for Henry (FY 2020-2026), the 1-bedroom Fair Market Rent has risen 46.8% overall, from $713 to $1,047. The path there hasn't been smooth: year-over-year moves have swung by as much as 22.9% (FY 2024), a volatility pattern that makes single-year comparisons a poor guide to the underlying trend.

Henry County 1-bedroom Fair Market Rent, FY2020–FY2026

Year	Studio	1 BR	2 BR	3 BR	4 BR
FY 2026 ↓4.3%	$966	$1,047	$1,272	$1,625	$1,891
FY 2025 ↑1.6%	$1,003	$1,094	$1,330	$1,714	$1,989
FY 2024 ↑22.9%	$976	$1,077	$1,301	$1,701	$1,955
FY 2023 ↑9.5%	$776	$876	$1,052	$1,395	$1,602
FY 2022 ↑5.3%	$690	$800	$960	$1,279	$1,468
FY 2021 ↑6.6%	$649	$760	$918	$1,229	$1,408
FY 2020	$614	$713	$872	$1,174	$1,331

Total change (6yr): +46.8%

Annualized: +6.6%/yr

1 BR: $713 → $1,047

Part of the Louisville/Jefferson County, KY-IN Metro Area

Henry County is a outlying county of the Louisville/Jefferson County, KY-IN metropolitan statistical area, alongside 11 other metro-area counties.

Henry County ranks #8 of 12 counties in this metro area by 1-bedroom FMR. Every county sharing this metro, highest to lowest: Jefferson County ($1,047), Clark County ($1,047), Bullitt County ($1,047), Floyd County ($1,047), Oldham County ($1,047), Harrison County ($1,047), Spencer County ($1,047), Henry County (this county) ($1,047), Shelby County ($1,027), Meade County ($819), Nelson County ($781), Washington County ($753).

Henry County (this county)

1 BR: $1,047/mo

Nearby Counties in Kentucky

Largest counties by population in Kentucky

Jefferson County

1 BR: $1,047/mo Pop: 779,232

Fayette County

1 BR: $1,079/mo Pop: 321,276

Kenton County

1 BR: $1,051/mo Pop: 169,066

Boone County

1 BR: $1,051/mo Pop: 136,150

Warren County

1 BR: $985/mo Pop: 135,307

Hardin County

1 BR: $846/mo Pop: 111,005

Daviess County

1 BR: $846/mo Pop: 102,916

Campbell County

1 BR: $1,051/mo Pop: 93,122

Compare Henry County against

View all counties in Kentucky →

Frequently Asked Questions

What is the average rent in Henry County? ▼

The FY 2026 Fair Market Rent for a 1-bedroom in Henry County is $1,047 per month. A 2-bedroom is $1,272 and a studio is $966.

How does Henry County rent compare to the national average? ▼

Rent in Henry County is 9% above the national average. A 1-bedroom here costs $1,047 compared to $959 nationally.

What income do I need to afford rent in Henry County? ▼

Based on the 30% affordability rule, you need an annual income of at least $41,880 ($3,490/month) to afford a 1-bedroom at Fair Market Rent in Henry County.

Is rent going up or down in Henry County? ▼

The 1-bedroom Fair Market Rent in Henry County decreased by 4.3% from FY 2025 to FY 2026, going from $1,094 to $1,047.

Which jobs can afford rent in Henry County? ▼

Based on Kentucky BLS salary data and the 30% affordability rule, jobs like Software Developers, Registered Nurses, General and Operations Managers can afford a 1-bedroom at $1,047/mo. 9 of 15 common occupations are affordable here.

How much has rent changed in Henry County over time? ▼

The 1-bedroom Fair Market Rent in Henry County went from $713 in FY 2020 to $1,047 in FY 2026, a total change of +46.8% over 6 years.

How does Fair Market Rent affect Section 8 vouchers in Henry County? ▼

In Henry County, the FY 2026 FMR of $1,047/mo for a 1-bedroom sets the baseline that local housing authorities use for Section 8 payment standards.

What does Fair Market Rent mean for Henry County? ▼

For Henry County, it's the specific 40th-percentile rent HUD publishes each year ($1,047/mo for a 1-bedroom in FY 2026).

What this means for renters

Treat Henry's FY2026 Fair Market Rent as HUD's affordability benchmark, not a market quote.

Budget to roughly 30% of income: the FY2026 1-bedroom FMR of $1,047 implies about $41,880/yr to rent without being cost-burdened. Run your numbers
Compare this county against nearby metros and states before signing a lease. Compare areas
See where it sits on the national rent map. View rankings

Fair Market Rent is HUD's 40th-percentile policy benchmark used to set Housing Choice Voucher payment standards. Actual asking rents in Henry can run higher or lower, and HUD updates FMRs once a year. This page is informational and not financial or relocation advice.

Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the U.S. Census Bureau and HUD Fair Market Rents. Consult a qualified professional before making decisions based on this data.

All federal data sources used on this page

HUD Fair Market Rents (FMR) - county-level fair-market rent estimates by bedroom count. huduser.gov/datasets/fmr
HUD Income Limits - area median income for affordability calculations. huduser.gov/datasets/il
HUD Comprehensive Housing Affordability Strategy (CHAS) - rent burden and housing-cost distribution. huduser.gov/datasets/cp
U.S. Census Bureau ACS - county and metro housing characteristics + median rent. census.gov/programs-surveys/acs
BLS Consumer Price Index, Rent of Primary Residence - rent inflation by metro. bls.gov/cpi
IRS Migration Data (SOI) - interstate migration aggregates affecting county demand. irs.gov/statistics/migration
BLS Occupational Employment and Wage Statistics - state-level median wages by occupation, used for job affordability analysis. bls.gov/oes

Every figure on PlainRent is rendered directly from HUD's published Fair Market Rent records, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of FY 2026.