HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Keokuk County, Iowa (FY 2027)
HUD's FY 2027 Fair Market Rent for a two-bedroom in Keokuk 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
79th 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 | $766 | $689–$843 | $30,640 | $14.73/hr | +0.3% |
| 2 bedroom | $927 | $834–$1,020 | $37,080 | $17.83/hr | +0.9% |
| 3 bedroom | $1,159 | $1,043–$1,275 | $46,360 | $22.29/hr | -1.6% |
| 4 bedroom | $1,251 | $1,126–$1,376 | $50,040 | $24.06/hr | +2.0% |
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 | $1,439 | $1,295–$1,583 |
| 6 bedroom Estimate | $1,626 | $1,463–$1,789 |
| 7 bedroom Estimate | $1,814 | $1,633–$1,995 |
| 8 bedroom Estimate | $2,002 | $1,802–$2,202 |
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 Keokuk actually rent for?
Search any address in Keokuk 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 Keokuk 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 |
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 | $550 | $687 | $924 | $1,054 | — |
| FY 2021 | $519 | $562 | $715 | $914 | $1,053 | +4.1% |
| FY 2022 | $534 | $583 | $739 | $942 | $1,002 | +3.4% |
| FY 2023 | $582 | $631 | $796 | $992 | $1,069 | +7.7% |
| FY 2024 | $641 | $708 | $877 | $1,101 | $1,168 | +10.2% |
| FY 2025 | $646 | $742 | $877 | $1,110 | $1,163 | 0.0% |
| FY 2026 | $682 | $764 | $919 | $1,178 | $1,227 | +4.8% |
| FY 2027In effect | $688 | $766 | $927 | $1,159 | $1,251 | +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 Keokuk, that runs from $688 for a studio up to $1,251 for four bedrooms, all five rates in the table above.
Because Keokuk 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, Gibson included.
Among Iowa's 99 counties, Keokuk ranks 79th 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 9,924 people live here, 74th 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 50268 (What Cheer) and $1,120 in 50136 (Keswick), with the 15 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 |
|---|---|---|---|
| 50104 | Gibson | $990 | +6.8% |
| 50136 | Keswick | $1,120 | +20.8% |
| 50255 | Thornburg | $1,120 | +20.8% |
| 50268 | What Cheer | $930 | +0.3% |
| 52231 | Harper | $960 | +3.6% |
| 52248 | Keota | $930 | +0.3% |
| 52335 | South English | $940 | +1.4% |
| 52355 | Webster | $960 | +3.6% |
| 52550 | Delta | $1,080 | +16.5% |
| 52562 | Hayesville | $980 | +5.7% |
| 52563 | Hedrick | $1,050 | +13.3% |
| 52568 | Martinsburg | $930 | +0.3% |
| 52576 | Ollie | $980 | +5.7% |
| 52585 | Richland | $980 | +5.7% |
| 52591 | Sigourney | $980 | +5.7% |
Nearby counties
Two-bedroom FMR, with how each compares to Keokuk.
Mahaska County
20 mi · 22,021 people
$946
+2%
Jefferson County
25 mi · 15,705 people
$1,096
+18%
Wapello County
25 mi · 35,362 people
$1,076
+16%
Washington County
26 mi · 22,561 people
$1,002
+8%
Iowa County
27 mi · 16,507 people
$927
same rate
Poweshiek County
28 mi · 18,545 people
$1,014
+9%
Johnson County
39 mi · 156,639 people
$1,180
+27%
Davis County
40 mi · 9,157 people
$1,066
+15%
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, $766 for one bedroom, $1,159 for three and $1,251 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 Keokuk actually go for?
HUD's number is one input. Search any address in Keokuk for a rent estimate built from nearby comps. Free to start, no card.
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