HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Davis County, Iowa (FY 2026)
A two-bedroom in Davis County carries a FY 2026 Fair Market Rent of $1,043 a month, effective October 1, 2025 through September 30, 2026. Everything Section 8 pays in Davis keys off that figure.
2 bedroom FMR
$1,043
FY 2026, utilities included
Payment standard range
$939 to $1,147
90% to 110% of FMR
Income to afford 2BR
$41,720
per year, at 30% of income
Rank in Iowa
22nd of 99
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Davis moves to $1,066. That's up 2%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Davis actually rent for?
Search any address in Davis for a rent estimate built from nearby comps, with the HUD figure right next to it.
FY 2026 Fair Market Rents
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2025 |
|---|---|---|---|---|---|
| Studio | $774 | $697 to $851 | $30,960 | $14.88/hr | +8.1% |
| 1 bedroom | $795 | $716 to $875 | $31,800 | $15.29/hr | +7.4% |
| 2 bedroom | $1,043 | $939 to $1,147 | $41,720 | $20.06/hr | +7.4% |
| 3 bedroom | $1,251 | $1,126 to $1,376 | $50,040 | $24.06/hr | +6.9% |
| 4 bedroom | $1,392 | $1,253 to $1,531 | $55,680 | $26.77/hr | +8.2% |
5 to 8 bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $1,601 | $1,441 to $1,761 |
| 6 bedroom Estimate | $1,810 | $1,629 to $1,991 |
| 7 bedroom Estimate | $2,018 | $1,816 to $2,220 |
| 8 bedroom Estimate | $2,227 | $2,004 to $2,450 |
Source: HUD Office of Policy Development and Research, FY 2026 Fair Market Rents. Rents include utilities. huduser.gov
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2026 that's October 1, 2025 through September 30, 2026. In Davis, that runs from $774 for a studio up to $1,392 for four bedrooms, all five rates in the table above.
Because Davis sits outside any HUD metro area, its rate is a county-wide figure built from local rents. One number covers every address in the county, Bloomfield included.
Among Iowa's 99 counties, Davis ranks 22nd for two-bedroom FMR. That's about 13% above the state median of $919 and about 2% above the national median county at $1,018. About 9,093 people live here, 81st in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $970 in 52552 (Drakesville) and $1,060 in 52537 (Bloomfield), with the 4 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Davis somewhere between $939 and $1,147. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$1,043 a month is affordable, by HUD's 30% rule, on an income of roughly $41,720 a year. Put another way, $20 an hour full time.
Worked example for a two-bedroom, assuming the rent equals the payment standard. Tenant pays 30% of monthly income, HUD's housing assistance payment covers the rest.
| Monthly household income | Tenant pays (30%) | HAP at 90% ($939) | HAP at 100% ($1,043) | HAP at 110% ($1,147) |
|---|---|---|---|---|
| $2,500 | $750 | $189 | $293 | $397 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 7% from FY 2025 ($971) to FY 2026 ($1,043). Since FY 2020 it's up 50% in total, about 7.0% a year. The Iowa median moved up 5% over the same year.
| Year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $503 | $550 | $695 | $911 | $945 | — |
| FY 2021 | $519 | $606 | $715 | $934 | $972 | +2.9% |
| FY 2022 | $534 | $649 | $739 | $964 | $1,007 | +3.4% |
| FY 2023 | $581 | $691 | $795 | $994 | $1,069 | +7.6% |
| FY 2024 | $634 | $699 | $868 | $1,050 | $1,156 | +9.2% |
| FY 2025 | $716 | $740 | $971 | $1,170 | $1,287 | +11.9% |
| FY 2026 | $774 | $795 | $1,043 | $1,251 | $1,392 | +7.4% |
| FY 2027 | $792 | $815 | $1,066 | $1,270 | $1,439 | +2.2% |
Nearby counties
Questions people ask
$1,043 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $774 for a studio, $795 for one bedroom, $1,251 for three and $1,392 for four.
Tools for this county
Fair Market Rent lookup
Look up any ZIP code's Small Area FMR by bedroom count.
Section 8 rent calculator
Work out the payment standard and tenant share for a specific rent.
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords.
Rent affordability calculator
See what income a household needs for a given rent.
What does a rental in Davis actually go for?
HUD's number is one input. Search any address in Davis for a rent estimate built from nearby comps. 3 free searches, no card.
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