Iowa · FIPS 19119 · HUD FY 2027
Lyon County, Iowa Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Lyon County is $945 a month (rent plus utilities), 15% below the Iowa average of $1,113 and 46% below the U.S. average of $1,761. That is up $26 (2.8%) from FY 2026. At 30% of income, a household needs about $37,800 a year to afford it.
- $9452-bedroom FMR+$26 (+2.8%) vs FY 2026
- $7221-bedroom FMRIowa: $902 · U.S.: $1,478
- $37,800Income for a 2-bedroom$18/hour full-time
- 43 of 992BR rank in Iowa1 = highest rent
| Unit | Lyon County FY 2027 | FY 2026 | Change | Iowa avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $702 | $682 | +$20 (+2.9%) | $846 | $1,379 | $28,080 |
| 1 bedroom | $722 | $700 | +$22 (+3.1%) | $902 | $1,478 | $28,880 |
| 2 bedrooms | $945 | $919 | +$26 (+2.8%) | $1,113 | $1,761 | $37,800 |
| 3 bedrooms | $1,126 | $1,102 | +$24 (+2.2%) | $1,475 | $2,266 | $45,040 |
| 4 bedrooms | $1,242 | $1,217 | +$25 (+2.1%) | $1,649 | $2,607 | $49,680 |
How Lyon County compares
- Lyon 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: $702, $722, $945, $1,126, $1,242. 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 8 ZIP codes mostly in Lyon County (by land area), the 2-bedroom figure ranges from $930 to $1,040.
Small Area FMRs by ZIP code in Lyon County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 51230 | $700 | $720 | $940 | $1,120 | $1,240 | −$30 (−3.1%) | 1% below |
| 51235 | $690 | $710 | $930 | $1,130 | $1,220 | +$10 (+1.1%) | 2% below |
| 51237 | $690 | $710 | $930 | $1,110 | $1,220 | +$10 (+1.1%) | 2% below |
| 51240 | $770 | $860 | $1,040 | $1,260 | $1,380 | −$110 (−9.6%) | 10% above |
| 51241 | $710 | $730 | $960 | $1,140 | $1,260 | +$10 (+1.1%) | 2% above |
| 51242 | $700 | $720 | $950 | $1,130 | $1,240 | +$10 (+1.1%) | 1% above |
| 51243 | $690 | $710 | $930 | $1,110 | $1,220 | +$10 (+1.1%) | 2% below |
| 51246 | $690 | $710 | $930 | $1,110 | $1,220 | +$10 (+1.1%) | 2% 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.