FMR is near market; voucher and private rents are aligned.
1.05
1 BR
1 BR- 51002
1.01ratio
FMR$850
Market$840
vs market+$10
FMR is near market; voucher and private rents are aligned.
1.01
2 BR
2 BR- 51002
1.13ratio
FMR$1,110
Market$980
vs market+$130
FMR is above market; underwrite to market rent.
1.13
3 BR
3 BR- 51002
1.05ratio
FMR$1,380
Market$1,310
vs market+$70
FMR is near market; voucher and private rents are aligned.
1.05
4 BR
4 BR- 51002
1.12ratio
FMR$1,460
Market$1,300
vs market+$160
FMR is above market; underwrite to market rent.
1.12
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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Alta, IA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Alta, IA is $1,110 a month. That is up 0.9% from $1,100 in FY 2026. Alta is in the Sac County, IA non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $927. The median county two-bedroom FMR in Iowa is $927, so Alta is 20% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Alta, IA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$830
$840
+1.2%
$756–$924
1BR
$840
$850
+1.2%
$765–$935
2BR
$1,100
$1,110
+0.9%
$999–$1,221
3BR
$1,350
$1,380
+2.2%
$1,242–$1,518
4BR
$1,460
$1,460
0.0%
$1,314–$1,606
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Alta, IA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$840
$850
$1,110
$1,380
$1,460
FY 2026
$830
$840
$1,100
$1,350
$1,460
FY 2025
$770
$780
$1,020
$1,250
$1,350
FY 2024area FMR
$630
$711
$862
$1,215
$1,220
FY 2023area FMR
$581
$626
$795
$1,130
$1,139
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Alta, IA rents
How much will Section 8 pay for a two-bedroom in Alta, IA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $927, which applies unless the housing authority uses Small Area FMRs, that basic range is $834 to $1,020 a month; under the ZIP-level Small Area FMR of $1,110 it would be $999 to $1,221. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Alta, IA in?
Alta, IA is in the Sac County, IA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $927.
How much did fair market rent change in Alta, IA for FY 2027?
The two-bedroom FMR rose 0.9%, from $1,100 in FY 2026 to $1,110 in FY 2027. Since FY 2025 it has risen 8.8%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set