Iowa · FIPS 19065 · HUD FY 2027
Fayette County, Iowa Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Fayette County is $940 a month (rent plus utilities), 16% below the Iowa average of $1,113 and 47% below the U.S. average of $1,761. That is up $21 (2.3%) from FY 2026. At 30% of income, a household needs about $37,600 a year to afford it.
- $9402-bedroom FMR+$21 (+2.3%) vs FY 2026
- $7191-bedroom FMRIowa: $902 · U.S.: $1,478
- $37,600Income for a 2-bedroom$18/hour full-time
- 47 of 992BR rank in Iowa1 = highest rent
| Unit | Fayette County FY 2027 | FY 2026 | Change | Iowa avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $698 | $682 | +$16 (+2.3%) | $846 | $1,379 | $27,920 |
| 1 bedroom | $719 | $723 | −$4 (−0.6%) | $902 | $1,478 | $28,760 |
| 2 bedrooms | $940 | $919 | +$21 (+2.3%) | $1,113 | $1,761 | $37,600 |
| 3 bedrooms | $1,240 | $1,210 | +$30 (+2.5%) | $1,475 | $2,266 | $49,600 |
| 4 bedrooms | $1,306 | $1,439 | −$133 (−9.2%) | $1,649 | $2,607 | $52,240 |
How Fayette County compares
- Fayette County is a non-metro county, so HUD sets one Fair Market Rent for the whole county.
- Across Iowa, 2-bedroom FMRs run from $927 (Worth County) to $1,450 (Harrison County).
- Studio to 4-bedroom: $698, $719, $940, $1,240, $1,306. 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 15 ZIP codes mostly in Fayette County (by land area), the 2-bedroom figure ranges from $930 to $1,120.
Small Area FMRs by ZIP code in Fayette County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 50606 | $690 | $710 | $930 | $1,220 | $1,300 | +$10 (+1.1%) | 1% below |
| 50655 | $690 | $710 | $930 | $1,220 | $1,300 | +$10 (+1.1%) | 1% below |
| 50662 | $700 | $720 | $940 | $1,240 | $1,330 | no change | same |
| 50664 | $710 | $740 | $960 | $1,300 | $1,430 | +$20 (+2.1%) | 2% above |
| 50671 | $710 | $720 | $940 | $1,270 | $1,410 | +$10 (+1.1%) | same |
| 50681 | $730 | $770 | $1,010 | $1,330 | $1,380 | +$50 (+5.2%) | 7% above |
| 52135 | $690 | $710 | $930 | $1,220 | $1,300 | +$10 (+1.1%) | 1% below |
| 52141 | $700 | $730 | $950 | $1,240 | $1,360 | +$10 (+1.1%) | 1% above |
| 52142 | $740 | $760 | $1,000 | $1,320 | $1,390 | +$30 (+3.1%) | 6% above |
| 52147 | $690 | $710 | $930 | $1,220 | $1,300 | +$10 (+1.1%) | 1% below |
| 52164 | $720 | $760 | $990 | $1,300 | $1,360 | +$40 (+4.2%) | 5% above |
| 52166 | $830 | $870 | $1,120 | $1,470 | $1,510 | +$30 (+2.8%) | 19% above |
| 52169 | $690 | $710 | $930 | $1,220 | $1,300 | +$10 (+1.1%) | 1% below |
| 52171 | $780 | $830 | $1,050 | $1,390 | $1,440 | +$80 (+8.2%) | 12% above |
| 52175 | $730 | $750 | $980 | $1,290 | $1,360 | +$30 (+3.2%) | 4% above |
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.