What is the Fair Market Rent in Covington, KY?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home runs from $1,290 to $1,530 a month across the 2 ZIP codes that cover Covington.

By ZIP code: 41014 $1,290, 41011 $1,530.

Across the whole Cincinnati, OH-KY-IN HUD Metro FMR Area the two-bedroom figure is $1,442.

The Census Bureau’s median gross rent for a two-bedroom home in Covington is $1,160 (±$70), below the Small Area figure for ZIP 41014.

Figures last updated on November 12, 2026.

2 bedrooms, whole area: $1,442
2 bedrooms, ZIP 41014: $1,290
2 bedrooms, ZIP 41011: $1,530

Fair Market Rents for Covington, fiscal year 2027

HUD Fair Market Rent, dollars a month (gross rent, including utilities), beside the Census Bureau’s median gross rent for each ZIP code
	Studio	1 bedroom	2 bedrooms	3 bedrooms	4 bedrooms	Census median rent
Cincinnati, OH-KY-IN HUD Metro FMR Area (whole area)	$1,052	$1,128	$1,442	$1,897	$2,141	—
ZIP 41014	$940	$1,010	$1,290	$1,700	$1,920	$1,040
ZIP 41011 (54% of the ZIP’s land is in this place)	$1,120	$1,200	$1,530	$2,010	$2,270	$1,088

A Fair Market Rent is HUD’s estimate of the gross rent (shelter plus utilities) of a modest rental home in the area.

Whether a housing authority uses the ZIP code (Small Area) figures or the area-wide one depends on whether HUD has designated the area for Small Area FMRs or the authority has opted in; ask the local housing authority which applies.

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Questions about Covington

What is the Section 8 payment standard in Covington?

Housing authorities set payment standards between 90% and 110% of HUD’s Fair Market Rent; for fiscal year 2027, the two-bedroom Fair Market Rent for the Cincinnati, OH-KY-IN HUD Metro FMR Area is $1,442, and the Small Area figure for 41014 is $1,290.

What is the Fair Market Rent for a two-bedroom in ZIP 41014?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 41014 is $1,290 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,040 (±$76).

What is the Fair Market Rent for a two-bedroom in ZIP 41011?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 41011 is $1,530 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,088 (±$64).

What is the Fair Market Rent for a one-bedroom in Covington?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 41014 is $1,010 a month, against $1,128 across the Cincinnati, OH-KY-IN HUD Metro FMR Area.

Sources

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.