Metro FMR area · IA · HUD FY 2027

Boone County, IA Fair Market Rent

HUD’s FY 2027 Fair Market Rent for a 2-bedroom in the Boone County, IA area is $967 a month, 13% below the Iowa average and 45% below the U.S. average of $1,761. ZIP-level Small Area FMRs for its 21 ZIP codes range from $930 to $1,300.

$9672-bedroom FMR−$59 (−5.8%) vs FY 2026
$7681-bedroom FMRU.S.: $1,478
$38,680Income for a 2-bedroomat 30% of income
26,668Residents1 county

Can you afford the Fair Market Rent here?

Uses the common 30%-of-gross-income guideline. Results update as you type and stay in your browser.

Household income ($ per year, before tax)

Default: the income a 2-bedroom here needs at 30%.

Unit size

Rent you can afford at 30% of income$967/month

2-bedroom Fair Market Rent and the income it needs
Area	Fair Market Rent	Income needed	Share of your income
Boone County, IA FMR	$967	$38,680	–
Iowa average	$1,113	$44,509	–
U.S. average	$1,761	$70,432	–

Boone County, IA Fair Market Rents, FY 2027 vs FY 2026
Unit	Boone County, IA FY 2027	FY 2026	Change	Iowa avg	U.S. avg	Income needed
Studio	$763	$783	−$20 (−2.6%)	$846	$1,379	$30,520
1 bedroom	$768	$788	−$20 (−2.5%)	$902	$1,478	$30,720
2 bedrooms	$967	$1,026	−$59 (−5.8%)	$1,113	$1,761	$38,680
3 bedrooms	$1,339	$1,427	−$88 (−6.2%)	$1,475	$2,266	$53,560
4 bedrooms	$1,453	$1,500	−$47 (−3.1%)	$1,649	$2,607	$58,120

Counties in this FMR area

Counties in the Boone County, IA FMR area
County	Residents in area
Boone County, IA	26,668

Small Area FMRs by ZIP code

Small Area FMRs apply to Housing Choice Vouchers where HUD requires them or the housing authority opts in; otherwise the metro FMR above applies. The median ZIP’s 2-bedroom SAFMR is $990.

Filter ZIP codes

FY 2027 Small Area Fair Market Rents, Boone County, IA
ZIP	Studio	1BR	2BR	3BR	4BR	2BR vs FY 2026	2BR vs area FMR
50014	$1,010	$1,070	$1,210	$1,680	$2,010	−$100 (−7.6%)	25% above
50031	$730	$740	$930	$1,290	$1,390	−$30 (−3.1%)	4% below
50036	$770	$770	$970	$1,340	$1,460	−$60 (−5.8%)	about the same as
50039	$880	$910	$1,090	$1,490	$1,520	+$60 (+5.8%)	13% above
50040	$720	$730	$930	$1,290	$1,400	−$10 (−1.1%)	4% below
50064	$710	$710	$930	$1,290	$1,450	+$10 (+1.1%)	4% below
50107	$790	$810	$1,060	$1,390	$1,660	no change	10% above
50134	$880	$930	$1,040	$1,450	$1,750	−$30 (−2.8%)	8% above
50152	$790	$800	$990	$1,370	$1,480	−$30 (−2.9%)	2% above
50156	$790	$800	$990	$1,370	$1,480	−$30 (−2.9%)	2% above
50212	$730	$740	$930	$1,290	$1,390	−$30 (−3.1%)	4% below
50217	$710	$710	$930	$1,290	$1,440	no change	4% below
50220	$900	$940	$1,120	$1,520	$1,570	+$30 (+2.8%)	16% above
50223	$730	$740	$930	$1,290	$1,390	+$10 (+1.1%)	4% below
50235	$830	$860	$1,120	$1,470	$1,750	−$10 (−0.9%)	16% above
50243	$1,060	$1,110	$1,300	$1,780	$1,940	+$20 (+1.6%)	34% above
50244	$780	$820	$930	$1,280	$1,520	−$50 (−5.1%)	4% below
50248	$880	$930	$1,040	$1,450	$1,750	no change	8% above
50249	$710	$730	$930	$1,290	$1,390	+$10 (+1.1%)	4% below
50276	$830	$850	$1,040	$1,420	$1,500	+$10 (+1.0%)	8% above
50530	$710	$710	$930	$1,290	$1,550	+$10 (+1.1%)	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).

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.