HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Warren County, Iowa (FY 2027)
$1,360 a month. That's HUD's FY 2027 Fair Market Rent for a two-bedroom in Warren County, and it's the baseline every voucher in Warren is measured against.
Two-bedroom FMR
$1,360
+3.2% from FY 2026
Payment standard
$1,224–$1,496
90% to 110% of the FMR, two-bedroom
Income to afford
$54,400
a year, with rent at 30% of income
Rank in Iowa
8th 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 | $1,102 | $992–$1,212 | $44,080 | $21.19/hr | +3.7% |
| 1 bedroom | $1,145 | $1,031–$1,260 | $45,800 | $22.02/hr | +3.2% |
| 2 bedroom | $1,360 | $1,224–$1,496 | $54,400 | $26.15/hr | +3.2% |
| 3 bedroom | $1,856 | $1,670–$2,042 | $74,240 | $35.69/hr | +3.5% |
| 4 bedroom | $1,901 | $1,711–$2,091 | $76,040 | $36.56/hr | +3.3% |
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 | $2,186 | $1,967–$2,405 |
| 6 bedroom Estimate | $2,471 | $2,224–$2,718 |
| 7 bedroom Estimate | $2,756 | $2,480–$3,032 |
| 8 bedroom Estimate | $3,042 | $2,738–$3,346 |
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 Warren actually rent for?
Search any address in Warren 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 Warren somewhere between $1,224 and $1,496. 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.
$1,360 a month is affordable, by HUD's 30% rule, on an income of roughly $54,400 a year. Put another way, $26 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%$1,224 | Voucher pays at 100%$1,360 | Voucher pays at 110%$1,496 |
|---|---|---|---|---|
| $2,500 | $750 | $474 | $610 | $746 |
| $4,000 | $1,200 | $24 | $160 | $296 |
Rate history
The two-bedroom rate went up 3% from FY 2026 ($1,318) to FY 2027 ($1,360). Since FY 2020 it's up 51% in total, about 6.1% 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 | $603 | $730 | $900 | $1,215 | $1,323 | — |
| FY 2021 | $608 | $738 | $902 | $1,232 | $1,313 | +0.2% |
| FY 2022 | $658 | $770 | $935 | $1,284 | $1,357 | +3.7% |
| FY 2023 | $791 | $889 | $1,074 | $1,473 | $1,499 | +14.9% |
| FY 2024 | $833 | $899 | $1,080 | $1,477 | $1,481 | +0.6% |
| FY 2025 | $954 | $1,017 | $1,216 | $1,632 | $1,638 | +12.6% |
| FY 2026 | $1,063 | $1,109 | $1,318 | $1,794 | $1,841 | +8.4% |
| FY 2027In effect | $1,102 | $1,145 | $1,360 | $1,856 | $1,901 | +3.2% |
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 Warren, that runs from $1,102 for a studio up to $1,901 for four bedrooms, all five rates in the table above.
This is a metro rate. The county doesn't get one of its own. HUD lumps Warren in with 4 other counties in the Des Moines-West Des Moines metro, Polk County, Dallas County, Madison County among them, and every one of them gets $1,360 for a two-bedroom. Where you are inside the metro doesn't change the county number. It does change the ZIP number, covered below.
Among Iowa's 99 counties, Warren ranks 8th for two-bedroom FMR. That's about 47% above the state median of $927 and about 28% above the national median county at $1,063. About 54,409 people live here, 11th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,020 in 50160 (Martensdale) and $1,680 in 50001 (Ackworth), 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 |
|---|---|---|---|
| 50001 | Ackworth | $1,680 | +23.5% |
| 50047 | Carlisle | $1,630 | +19.9% |
| 50061 | Cumming | $1,320 | -2.9% |
| 50118 | Hartford | $1,390 | +2.2% |
| 50125 | Indianola | $1,180 | -13.2% |
| 50139 | Lacona | $1,180 | -13.2% |
| 50145 | Liberty Center | $1,180 | -13.2% |
| 50160 | Martensdale | $1,020 | -25.0% |
| 50166 | Milo | $1,120 | -17.6% |
| 50210 | New Virginia | $1,280 | -5.9% |
| 50211 | Norwalk | $1,290 | -5.1% |
| 50229 | Prole | $1,190 | -12.5% |
| 50241 | Saint Marys | $1,250 | -8.1% |
Counties sharing the Des Moines-West Des Moines metro rate
HUD sets one rate for the whole metro, so every county here carries the same $1,360 two-bedroom figure as Warren.
Nearby counties
Two-bedroom FMR, with how each compares to Warren.
Madison County
20 mi · 16,926 people
$1,360
same rate
Polk County
21 mi · 503,175 people
$1,360
same rate
Clarke County
25 mi · 9,662 people
$946
-30%
Lucas County
26 mi · 8,716 people
$951
-30%
Marion County
26 mi · 33,642 people
$1,021
-25%
Dallas County
32 mi · 107,968 people
$1,360
same rate
Jasper County
34 mi · 37,954 people
$989
-27%
Monroe County
41 mi · 7,513 people
$927
-32%
Questions people ask
$1,360 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $1,102 for a studio, $1,145 for one bedroom, $1,856 for three and $1,901 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 Warren actually go for?
HUD's number is one input. Search any address in Warren for a rent estimate built from nearby comps. Free to start, no card.
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