HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Marshall County, Iowa (FY 2026)
$959 a month. That's HUD's FY 2026 Fair Market Rent for a two-bedroom in Marshall County, and it's the baseline every voucher in Marshall is measured against.
2 bedroom FMR
$959
FY 2026, utilities included
Payment standard range
$863 to $1,055
90% to 110% of FMR
Income to afford 2BR
$38,360
per year, at 30% of income
Rank in Iowa
36th of 99
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Marshall moves to $940. That's down 2%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Marshall actually rent for?
Search any address in Marshall 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 | $712 | $641 to $783 | $28,480 | $13.69/hr | +0.8% |
| 1 bedroom | $731 | $658 to $804 | $29,240 | $14.06/hr | -0.5% |
| 2 bedroom | $959 | $863 to $1,055 | $38,360 | $18.44/hr | +0.1% |
| 3 bedroom | $1,265 | $1,139 to $1,392 | $50,600 | $24.33/hr | 0.0% |
| 4 bedroom | $1,270 | $1,143 to $1,397 | $50,800 | $24.42/hr | 0.0% |
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 | $1,461 | $1,315 to $1,607 |
| 6 bedroom Estimate | $1,651 | $1,486 to $1,816 |
| 7 bedroom Estimate | $1,842 | $1,658 to $2,026 |
| 8 bedroom Estimate | $2,032 | $1,829 to $2,235 |
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 Marshall, that runs from $712 for a studio up to $1,270 for four bedrooms, all five rates in the table above.
Because Marshall 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, Albion included.
Among Iowa's 99 counties, Marshall ranks 36th for two-bedroom FMR. That's about 4% above the state median of $919 and about 6% below the national median county at $1,018. About 40,049 people live here, 15th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $920 in 50106 (Gilman) and $1,440 in 50162 (Melbourne), with the 13 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 |
|---|---|---|---|
| 50005 | Albion | $930 | -3.0% |
| 50051 | Clemons | $930 | -3.0% |
| 50078 | Ferguson | $950 | -0.9% |
| 50106 | Gilman | $920 | -4.1% |
| 50120 | Haverhill | $1,180 | +23.0% |
| 50141 | Laurel | $1,040 | +8.4% |
| 50142 | Le Grand | $920 | -4.1% |
| 50148 | Liscomb | $930 | -3.0% |
| 50158 | Marshalltown | $960 | +0.1% |
| 50162 | Melbourne | $1,440 | +50.2% |
| 50234 | Rhodes | $1,070 | +11.6% |
| 50239 | Saint Anthony | $1,010 | +5.3% |
| 50247 | State Center | $960 | +0.1% |
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 Marshall somewhere between $863 and $1,055. 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.
$959 a month is affordable, by HUD's 30% rule, on an income of roughly $38,360 a year. Put another way, $18 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% ($863) | HAP at 100% ($959) | HAP at 110% ($1,055) |
|---|---|---|---|---|
| $2,500 | $750 | $113 | $209 | $305 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 0% from FY 2025 ($958) to FY 2026 ($959). Since FY 2020 it's up 24% in total, about 3.7% 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 | $502 | $602 | $771 | $978 | $1,044 | — |
| FY 2021 | $535 | $610 | $776 | $993 | $1,052 | +0.6% |
| FY 2022 | $581 | $624 | $810 | $1,023 | $1,098 | +4.4% |
| FY 2023 | $639 | $652 | $844 | $1,114 | $1,134 | +4.2% |
| FY 2024 | $699 | $723 | $947 | $1,260 | $1,261 | +12.2% |
| FY 2025 | $706 | $735 | $958 | $1,265 | $1,270 | +1.2% |
| FY 2026 | $712 | $731 | $959 | $1,265 | $1,270 | +0.1% |
| FY 2027 | $698 | $719 | $940 | $1,231 | $1,235 | -2.0% |
Nearby counties
Questions people ask
$959 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $712 for a studio, $731 for one bedroom, $1,265 for three and $1,270 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 Marshall actually go for?
HUD's number is one input. Search any address in Marshall for a rent estimate built from nearby comps. 3 free searches, no card.
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