Iowa · FIPS 19013 · HUD FY 2027
Black Hawk County, Iowa Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Black Hawk County is $1,096 a month (rent plus utilities), 2% below the Iowa average of $1,113 and 38% below the U.S. average of $1,761. That is up $45 (4.3%) from FY 2026. At 30% of income, a household needs about $43,840 a year to afford it.
- $1,0962-bedroom FMR+$45 (+4.3%) vs FY 2026
- $8381-bedroom FMRIowa: $902 · U.S.: $1,478
- $43,840Income for a 2-bedroom$21/hour full-time
- 13 of 992BR rank in Iowa1 = highest rent
| Unit | Black Hawk County FY 2027 | FY 2026 | Change | Iowa avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $763 | $725 | +$38 (+5.2%) | $846 | $1,379 | $30,520 |
| 1 bedroom | $838 | $801 | +$37 (+4.6%) | $902 | $1,478 | $33,520 |
| 2 bedrooms | $1,096 | $1,051 | +$45 (+4.3%) | $1,113 | $1,761 | $43,840 |
| 3 bedrooms | $1,401 | $1,357 | +$44 (+3.2%) | $1,475 | $2,266 | $56,040 |
| 4 bedrooms | $1,832 | $1,763 | +$69 (+3.9%) | $1,649 | $2,607 | $73,280 |
How Black Hawk County compares
- HUD sets this rent for the Waterloo-Cedar Falls, IA metro FMR area, which covers 143,433 residents in 2 counties.
- Across Iowa, 2-bedroom FMRs run from $927 (Worth County) to $1,450 (Harrison County).
- Studio to 4-bedroom: $763, $838, $1,096, $1,401, $1,832. 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 12 ZIP codes mostly in Black Hawk County (by land area), the 2-bedroom figure ranges from $950 to $1,310.
Small Area FMRs by ZIP code in Black Hawk County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 50613 | $910 | $1,000 | $1,310 | $1,670 | $2,190 | +$100 (+8.3%) | 20% above |
| 50623 | $700 | $780 | $1,010 | $1,290 | $1,690 | +$10 (+1.0%) | 8% below |
| 50626 | $660 | $730 | $950 | $1,230 | $1,590 | +$30 (+3.3%) | 13% below |
| 50634 | $660 | $730 | $950 | $1,230 | $1,590 | +$30 (+3.3%) | 13% below |
| 50643 | $800 | $880 | $1,150 | $1,470 | $1,920 | no change | 5% above |
| 50648 | $750 | $770 | $1,000 | $1,370 | $1,640 | +$20 (+2.0%) | 9% below |
| 50651 | $710 | $780 | $1,020 | $1,310 | $1,680 | +$70 (+7.4%) | 7% below |
| 50667 | $740 | $800 | $1,050 | $1,360 | $1,750 | +$30 (+2.9%) | 4% below |
| 50701 | $720 | $790 | $1,030 | $1,320 | $1,720 | +$50 (+5.1%) | 6% below |
| 50702 | $790 | $870 | $1,140 | $1,460 | $1,910 | +$80 (+7.5%) | 4% above |
| 50703 | $750 | $830 | $1,080 | $1,380 | $1,810 | +$20 (+1.9%) | 1% below |
| 50707 | $730 | $800 | $1,050 | $1,340 | $1,760 | +$50 (+5.0%) | 4% below |
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.