How much will Section 8 pay for rent in Iowa County?

Up to the housing authority's payment standard, which it sets between 90% and 110% of FMR. For a two-bedroom that's $834 to $1,020. The voucher covers the gap between that standard and about 30% of the tenant's income, and it never pays more than the unit would rent for without a voucher.

Why does my ZIP code show a different Fair Market Rent than Iowa County?

HUD publishes a second set of numbers, Small Area FMRs, for individual ZIP codes. In Iowa those run from $930 to $1,030 for a two-bedroom. Housing authorities in metros HUD has designated for Small Area FMRs use the ZIP rate. The rest use the county rate. Your PHA can tell you which one applies.

When do the next Fair Market Rents for Iowa County come out?

HUD usually publishes the new fiscal year's rates in late August or September, and they take effect October 1. This page updates as soon as the new Iowa figures are loaded.

HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027

Fair Market Rent in Iowa County, Iowa (FY 2027)

HUD's FY 2027 Fair Market Rent for a two-bedroom in Iowa County is $927 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.

Two-bedroom FMR

$927

+0.9% from FY 2026

Payment standard

$834–$1,020

90% to 110% of the FMR, two-bedroom

Income to afford

$37,080

a year, with rent at 30% of income

Rank in Iowa

76th 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	$688	$619–$757	$27,520	$13.23/hr	+0.9%
1 bedroom	$770	$693–$847	$30,800	$14.81/hr	+8.6%
2 bedroom	$927	$834–$1,020	$37,080	$17.83/hr	+0.9%
3 bedroom	$1,284	$1,156–$1,412	$51,360	$24.69/hr	+0.5%
4 bedroom	$1,549	$1,394–$1,704	$61,960	$29.79/hr	+6.7%

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	$1,781	$1,603–$1,959
6 bedroom Estimate	$2,014	$1,813–$2,215
7 bedroom Estimate	$2,246	$2,021–$2,471
8 bedroom Estimate	$2,478	$2,230–$2,726

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 Iowa actually rent for?

Search any address in Iowa 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 Iowa somewhere between $834 and $1,020. 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.

$927 a month is affordable, by HUD's 30% rule, on an income of roughly $37,080 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%$834	Voucher pays at 100%$927	Voucher pays at 110%$1,020
$2,500	$750	$84	$177	$270
$4,000	$1,200	$0	$0	$0

Run your own numbers in the Section 8 rent calculator

Rate history

The two-bedroom rate went up 1% from FY 2026 ($919) to FY 2027 ($927). Since FY 2020 it's up 35% in total, about 4.4% 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	$497	$532	$687	$991	$1,206	—
FY 2021	$519	$566	$715	$1,023	$1,238	+4.1%
FY 2022	$534	$625	$739	$1,050	$1,265	+3.4%
FY 2023	$581	$678	$795	$1,130	$1,354	+7.6%
FY 2024	$630	$696	$862	$1,215	$1,434	+8.4%
FY 2025	$646	$668	$877	$1,229	$1,358	+1.7%
FY 2026	$682	$709	$919	$1,278	$1,452	+4.8%
FY 2027In effect	$688	$770	$927	$1,284	$1,549	+0.9%

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 Iowa, that runs from $688 for a studio up to $1,549 for four bedrooms, all five rates in the table above.

Because Iowa 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, Amana included.

Among Iowa's 99 counties, Iowa ranks 76th for two-bedroom FMR. That's within a couple percent of the state median of $927 and about 13% below the national median county at $1,063. About 16,507 people live here, 45th 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 52251 (Ladora) and $1,030 in 52203 (Amana), with the 12 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
52203	Amana	$1,030	+11.1%
52204	Amana	$927County rate	—
52220	Conroy	$970	+4.6%
52236	Homestead	$1,030	+11.1%
52251	Ladora	$930	+0.3%
52301	Marengo	$1,010	+9.0%
52307	Middle Amana	$930	+0.3%
52308	Millersburg	$930	+0.3%
52316	North English	$930	+0.3%
52325	Parnell	$1,030	+11.1%
52334	South Amana	$960	+3.6%
52347	Victor	$930	+0.3%
52361	Williamsburg	$940	+1.4%

Nearby counties

Two-bedroom FMR, with how each compares to Iowa.

Benton County

21 mi · 25,724 people

$982

+6%

Johnson County

23 mi · 156,639 people

$1,180

+27%

Poweshiek County

25 mi · 18,545 people

$1,014

+9%

Keokuk County

27 mi · 9,924 people

$927

same rate

Washington County

30 mi · 22,561 people

$1,002

+8%

Linn County

32 mi · 230,004 people

$1,054

+14%

Tama County

36 mi · 16,868 people

$945

+2%

Mahaska County

40 mi · 22,021 people

$946

+2%

Questions people ask

$927 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $688 for a studio, $770 for one bedroom, $1,284 for three and $1,549 for four.

Tools for this county

All Iowa counties All states

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