HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Sioux County, Iowa (FY 2027)
HUD's FY 2027 Fair Market Rent for a two-bedroom in Sioux County is $1,000 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.
Two-bedroom FMR
$1,000
+3.0% from FY 2026
Payment standard
$900–$1,100
90% to 110% of the FMR, two-bedroom
Income to afford
$40,000
a year, with rent at 30% of income
Rank in Iowa
30th 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 | $741 | $667–$815 | $29,640 | $14.25/hr | +0.8% |
| 1 bedroom | $764 | $688–$840 | $30,560 | $14.69/hr | +3.2% |
| 2 bedroom | $1,000 | $900–$1,100 | $40,000 | $19.23/hr | +3.0% |
| 3 bedroom | $1,279 | $1,151–$1,407 | $51,160 | $24.60/hr | +2.6% |
| 4 bedroom | $1,361 | $1,225–$1,497 | $54,440 | $26.17/hr | +0.7% |
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 | $1,565 | $1,409–$1,722 |
| 6 bedroom Estimate | $1,769 | $1,592–$1,946 |
| 7 bedroom Estimate | $1,973 | $1,776–$2,170 |
| 8 bedroom Estimate | $2,178 | $1,960–$2,396 |
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 Sioux actually rent for?
Search any address in Sioux 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 Sioux somewhere between $900 and $1,100. 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.
$1,000 a month is affordable, by HUD's 30% rule, on an income of roughly $40,000 a year. Put another way, $19 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%$900 | Voucher pays at 100%$1,000 | Voucher pays at 110%$1,100 |
|---|---|---|---|---|
| $2,500 | $750 | $150 | $250 | $350 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 3% from FY 2026 ($971) to FY 2027 ($1,000). Since FY 2020 it's up 46% in total, about 5.5% 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 | $522 | $687 | $985 | $995 | — |
| FY 2021 | $519 | $550 | $715 | $966 | $970 | +4.1% |
| FY 2022 | $539 | $584 | $745 | $1,007 | $1,010 | +4.2% |
| FY 2023 | $591 | $642 | $809 | $1,083 | $1,087 | +8.6% |
| FY 2024 | $682 | $695 | $882 | $1,170 | $1,175 | +9.0% |
| FY 2025 | $703 | $719 | $904 | $1,190 | $1,232 | +2.5% |
| FY 2026 | $735 | $740 | $971 | $1,246 | $1,351 | +7.4% |
| FY 2027In effect | $741 | $764 | $1,000 | $1,279 | $1,361 | +3.0% |
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 Sioux, that runs from $741 for a studio up to $1,361 for four bedrooms, all five rates in the table above.
Because Sioux 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, Alton included.
Among Iowa's 99 counties, Sioux ranks 30th for two-bedroom FMR. That's about 8% above the state median of $927 and about 6% below the national median county at $1,063. About 36,212 people live here, 19th 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 51003 (Alton) and $1,260 in 51027 (Ireton), 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 |
|---|---|---|---|
| 51003 | Alton | $930 | -7.0% |
| 51011 | Chatsworth | $930 | -7.0% |
| 51022 | Granville | $1,000 | 0.0% |
| 51023 | Hawarden | $1,050 | +5.0% |
| 51027 | Ireton | $1,260 | +26.0% |
| 51036 | Maurice | $1,170 | +17.0% |
| 51041 | Orange City | $930 | -7.0% |
| 51234 | Boyden | $930 | -7.0% |
| 51238 | Hospers | $930 | -7.0% |
| 51239 | Hull | $1,010 | +1.0% |
| 51244 | Matlock | $970 | -3.0% |
| 51247 | Rock Valley | $1,160 | +16.0% |
| 51250 | Sioux Center | $1,010 | +1.0% |
Nearby counties
Two-bedroom FMR, with how each compares to Sioux.
Lyon County
22 mi · 12,162 people
$945
-6%
Plymouth County
22 mi · 25,747 people
$1,018
+2%
O'Brien County
26 mi · 14,126 people
$927
-7%
Cherokee County
34 mi · 11,600 people
$927
-7%
Osceola County
34 mi · 6,100 people
$927
-7%
Woodbury County
45 mi · 106,247 people
$1,194
+19%
Clay County
51 mi · 16,461 people
$927
-7%
Buena Vista County
55 mi · 20,753 people
$1,031
+3%
Questions people ask
$1,000 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $741 for a studio, $764 for one bedroom, $1,279 for three and $1,361 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 Sioux actually go for?
HUD's number is one input. Search any address in Sioux for a rent estimate built from nearby comps. Free to start, no card.
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