HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Woodbury County, Iowa (FY 2027)
$1,194 a month. That's HUD's FY 2027 Fair Market Rent for a two-bedroom in Woodbury County, and it's the baseline every voucher in Woodbury is measured against.
Two-bedroom FMR
$1,194
+3.5% from FY 2026
Payment standard
$1,075–$1,313
90% to 110% of the FMR, two-bedroom
Income to afford
$47,760
a year, with rent at 30% of income
Rank in Iowa
9th 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 | $831 | $748–$914 | $33,240 | $15.98/hr | +4.4% |
| 1 bedroom | $965 | $869–$1,062 | $38,600 | $18.56/hr | +4.3% |
| 2 bedroom | $1,194 | $1,075–$1,313 | $47,760 | $22.96/hr | +3.5% |
| 3 bedroom | $1,447 | $1,302–$1,592 | $57,880 | $27.83/hr | +4.4% |
| 4 bedroom | $1,618 | $1,456–$1,780 | $64,720 | $31.12/hr | +5.9% |
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 | $1,861 | $1,675–$2,047 |
| 6 bedroom Estimate | $2,103 | $1,893–$2,313 |
| 7 bedroom Estimate | $2,346 | $2,111–$2,581 |
| 8 bedroom Estimate | $2,589 | $2,330–$2,848 |
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 Woodbury actually rent for?
Search any address in Woodbury 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 Woodbury somewhere between $1,075 and $1,313. 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.
$1,194 a month is affordable, by HUD's 30% rule, on an income of roughly $47,760 a year. Put another way, $23 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%$1,075 | Voucher pays at 100%$1,194 | Voucher pays at 110%$1,313 |
|---|---|---|---|---|
| $2,500 | $750 | $325 | $444 | $563 |
| $4,000 | $1,200 | $0 | $0 | $113 |
Rate history
The two-bedroom rate went up 3% from FY 2026 ($1,154) to FY 2027 ($1,194). Since FY 2020 it's up 49% in total, about 5.8% 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 | $523 | $610 | $803 | $1,001 | $1,088 | — |
| FY 2021 | $549 | $631 | $832 | $1,035 | $1,128 | +3.6% |
| FY 2022 | $578 | $661 | $870 | $1,075 | $1,180 | +4.6% |
| FY 2023 | $620 | $705 | $928 | $1,139 | $1,247 | +6.7% |
| FY 2024 | $685 | $780 | $1,010 | $1,228 | $1,345 | +8.8% |
| FY 2025 | $715 | $818 | $1,043 | $1,257 | $1,383 | +3.3% |
| FY 2026 | $796 | $925 | $1,154 | $1,386 | $1,528 | +10.6% |
| FY 2027In effect | $831 | $965 | $1,194 | $1,447 | $1,618 | +3.5% |
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 Woodbury, that runs from $831 for a studio up to $1,618 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 Woodbury in with 2 other counties in the Sioux City metro, Dakota County, Union County among them, and every one of them gets $1,194 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, Woodbury ranks 9th for two-bedroom FMR. That's about 29% above the state median of $927 and about 12% above the national median county at $1,063. About 106,247 people live here, 7th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,040 in 51018 (Cushing) and $1,540 in 51054 (Sergeant Bluff), with the 24 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 |
|---|---|---|---|
| 51004 | Anthon | $1,320 | +10.6% |
| 51007 | Bronson | $1,140 | -4.5% |
| 51015 | Climbing Hill | $1,050 | -12.1% |
| 51016 | Correctionville | $1,110 | -7.0% |
| 51018 | Cushing | $1,040 | -12.9% |
| 51019 | Danbury | $1,050 | -12.1% |
| 51026 | Hornick | $1,050 | -12.1% |
| 51030 | Lawton | $1,040 | -12.9% |
| 51039 | Moville | $1,060 | -11.2% |
| 51044 | Oto | $1,160 | -2.8% |
| 51048 | Pierson | $1,040 | -12.9% |
| 51052 | Salix | $1,050 | -12.1% |
| 51054 | Sergeant Bluff | $1,540 | +29.0% |
| 51055 | Sloan | $1,060 | -11.2% |
| 51056 | Smithland | $1,040 | -12.9% |
| 51101 | Sioux City | $1,040 | -12.9% |
| 51102 | Sioux City | $1,170 | -2.0% |
| 51103 | Sioux City | $1,160 | -2.8% |
| 51104 | Sioux City | $1,160 | -2.8% |
| 51105 | Sioux City | $1,040 | -12.9% |
| 51106 | Sioux City | $1,290 | +8.0% |
| 51108 | Sioux City | $1,490 | +24.8% |
| 51109 | Sioux City | $1,040 | -12.9% |
| 51111 | Sioux City | $1,230 | +3.0% |
Counties sharing the Sioux City metro rate
HUD sets one rate for the whole metro, so every county here carries the same $1,194 two-bedroom figure as Woodbury.
Nearby counties
Two-bedroom FMR, with how each compares to Woodbury.
Plymouth County
23 mi · 25,747 people
$1,018
-15%
Monona County
27 mi · 8,557 people
$927
-22%
Ida County
34 mi · 6,911 people
$927
-22%
Cherokee County
35 mi · 11,600 people
$927
-22%
Sioux County
45 mi · 36,212 people
$1,000
-16%
Crawford County
49 mi · 16,277 people
$927
-22%
Harrison County
52 mi · 14,632 people
$1,450
+21%
O'Brien County
53 mi · 14,126 people
$927
-22%
Questions people ask
$1,194 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $831 for a studio, $965 for one bedroom, $1,447 for three and $1,618 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 Woodbury actually go for?
HUD's number is one input. Search any address in Woodbury for a rent estimate built from nearby comps. Free to start, no card.
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