HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Fayette County, Iowa (FY 2027)
HUD's FY 2027 Fair Market Rent for a two-bedroom in Fayette County is $940 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.
Two-bedroom FMR
$940
+2.3% from FY 2026
Payment standard
$846–$1,034
90% to 110% of the FMR, two-bedroom
Income to afford
$37,600
a year, with rent at 30% of income
Rank in Iowa
47th of 99
by two-bedroom FMR, highest first
FY 2027 Fair Market Rents
Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2026 |
|---|---|---|---|---|---|
| Studio | $698 | $628–$768 | $27,920 | $13.42/hr | +2.3% |
| 1 bedroom | $719 | $647–$791 | $28,760 | $13.83/hr | -0.6% |
| 2 bedroom | $940 | $846–$1,034 | $37,600 | $18.08/hr | +2.3% |
| 3 bedroom | $1,240 | $1,116–$1,364 | $49,600 | $23.85/hr | +2.5% |
| 4 bedroom | $1,306 | $1,175–$1,437 | $52,240 | $25.12/hr | -9.2% |
Five to eight 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 | $1,502 | $1,352–$1,652 |
| 6 bedroom Estimate | $1,698 | $1,528–$1,868 |
| 7 bedroom Estimate | $1,894 | $1,705–$2,083 |
| 8 bedroom Estimate | $2,090 | $1,881–$2,299 |
Source: HUD Office of Policy Development and Research, FY 2027 Fair Market Rents. Rents include utilities. huduser.gov
Market check
HUD's number is one input. What does a two-bedroom in Fayette actually rent for?
Search any address in Fayette for a rent estimate built from nearby comps, with the HUD figure right next to it.
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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 Fayette somewhere between $846 and $1,034. 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.
$940 a month is affordable, by HUD's 30% rule, on an income of roughly $37,600 a year. Put another way, $18 an hour full time.
Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.
| Monthly household income | Tenant pays (30%) | Voucher pays at 90%$846 | Voucher pays at 100%$940 | Voucher pays at 110%$1,034 |
|---|---|---|---|---|
| $2,500 | $750 | $96 | $190 | $284 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 2% from FY 2026 ($919) to FY 2027 ($940). Since FY 2020 it's up 37% in total, about 4.6% a year. The Iowa median moved up 1% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $496 | $522 | $687 | $856 | $931 | — |
| FY 2021 | $472 | $543 | $715 | $889 | $970 | +4.1% |
| FY 2022 | $491 | $562 | $739 | $914 | $1,002 | +3.4% |
| FY 2023 | $532 | $604 | $795 | $973 | $1,278 | +7.6% |
| FY 2024 | $584 | $656 | $862 | $1,093 | $1,463 | +8.4% |
| FY 2025 | $646 | $684 | $877 | $1,135 | $1,473 | +1.7% |
| FY 2026 | $682 | $723 | $919 | $1,210 | $1,439 | +4.8% |
| FY 2027In effect | $698 | $719 | $940 | $1,240 | $1,306 | +2.3% |
About this rate
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 2027 that's October 1, 2026 through September 30, 2027. In Fayette, that runs from $698 for a studio up to $1,306 for four bedrooms, all five rates in the table above.
Because Fayette 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, Arlington included.
Among Iowa's 99 counties, Fayette ranks 47th for two-bedroom FMR. That's within a couple percent of the state median of $927 and about 12% below the national median county at $1,063. About 19,288 people live here, 36th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $930 in 50606 (Arlington) and $1,120 in 52166 (Saint Lucas), with the 14 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.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 50606 | Arlington | $930 | -1.1% |
| 50655 | Maynard | $930 | -1.1% |
| 50662 | Oelwein | $940 | 0.0% |
| 50664 | Oran | $960 | +2.1% |
| 50681 | Westgate | $1,010 | +7.4% |
| 52135 | Clermont | $930 | -1.1% |
| 52141 | Elgin | $950 | +1.1% |
| 52142 | Fayette | $1,000 | +6.4% |
| 52147 | Hawkeye | $930 | -1.1% |
| 52164 | Randalia | $990 | +5.3% |
| 52166 | Saint Lucas | $1,120 | +19.1% |
| 52169 | Wadena | $930 | -1.1% |
| 52171 | Waucoma | $1,050 | +11.7% |
| 52175 | West Union | $980 | +4.3% |
Nearby counties
Two-bedroom FMR, with how each compares to Fayette.
Bremer County
25 mi · 25,204 people
$1,023
+9%
Buchanan County
25 mi · 20,694 people
$937
same rate
Winneshiek County
25 mi · 19,873 people
$927
-1%
Clayton County
27 mi · 17,013 people
$927
-1%
Chickasaw County
28 mi · 11,807 people
$927
-1%
Black Hawk County
36 mi · 131,049 people
$1,096
+17%
Delaware County
36 mi · 17,558 people
$927
-1%
Allamakee County
37 mi · 14,092 people
$927
-1%
Questions people ask
$940 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $698 for a studio, $719 for one bedroom, $1,240 for three and $1,306 for four.
Tools for this county
Fair Market Rent lookup
Any ZIP code's Small Area FMR by bedroom count
Section 8 rent calculator
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
The income a household needs for a given rent
What does a rental in Fayette actually go for?
HUD's number is one input. Search any address in Fayette for a rent estimate built from nearby comps. Free to start, no card.
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