FMR is near market; voucher and private rents are aligned.
1.07
1 BR
1 BR- 50009
0.96ratio
FMR$1,210
Market$1,260
vs market-$50
FMR is near market; voucher and private rents are aligned.
0.96
2 BR
2 BR- 50009
0.92ratio
FMR$1,440
Market$1,560
vs market-$120
FMR is near market; voucher and private rents are aligned.
0.92
3 BR
3 BR- 50009
0.99ratio
FMR$1,970
Market$1,990
vs market-$20
FMR is near market; voucher and private rents are aligned.
0.99
4 BR
4 BR- 50009
0.83ratio
FMR$2,010
Market$2,430
vs market-$420
FMR is below market; voucher rent may lag private rents.
0.83
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
--
Altoona, IA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Altoona, IA is $1,440 a month. That is up 2.1% from $1,410 in FY 2026. Altoona is in the Des Moines-West Des Moines, IA HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Iowa is $927, so Altoona is 55% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Altoona, IA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,140
$1,170
+2.6%
$1,053–$1,287
1BR
$1,190
$1,210
+1.7%
$1,089–$1,331
2BR
$1,410
$1,440
+2.1%
$1,296–$1,584
3BR
$1,920
$1,970
+2.6%
$1,773–$2,167
4BR
$1,970
$2,010
+2.0%
$1,809–$2,211
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Altoona, IA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,170
$1,210
$1,440
$1,970
$2,010
FY 2026
$1,140
$1,190
$1,410
$1,920
$1,970
FY 2025
$1,010
$1,080
$1,290
$1,730
$1,740
FY 2024
$860
$930
$1,120
$1,530
$1,540
FY 2023
$810
$910
$1,100
$1,510
$1,540
Questions about Altoona, IA rents
How much will Section 8 pay for a two-bedroom in Altoona, IA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,440, that basic range is $1,296 to $1,584 a month. 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 Altoona, IA in?
Altoona, IA is in the Des Moines-West Des Moines, IA HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Altoona, IA for FY 2027?
The two-bedroom FMR rose 2.1%, from $1,410 in FY 2026 to $1,440 in FY 2027. Since FY 2023 it has risen 30.9%.
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