FMR is below market; voucher rent may lag private rents.
0.86
1 BR
1 BR- 50046
0.89ratio
FMR$1,020
Market$1,150
vs market-$130
FMR is below market; voucher rent may lag private rents.
0.89
2 BR
2 BR- 50046
0.92ratio
FMR$1,160
Market$1,260
vs market-$100
FMR is near market; voucher and private rents are aligned.
0.92
3 BR
3 BR- 50046
1.14ratio
FMR$1,590
Market$1,400
vs market+$190
FMR is above market; underwrite to market rent.
1.14
4 BR
4 BR- 50046
1.21ratio
FMR$1,860
Market$1,540
vs market+$320
FMR is above market; underwrite to market rent.
1.21
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
--
Cambridge, IA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Cambridge, IA is $1,160 a month. That is down 4.9% from $1,220 in FY 2026. Cambridge 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 Cambridge is 25% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Cambridge, IA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,020
$960
−5.9%
$864–$1,056
1BR
$1,080
$1,020
−5.6%
$918–$1,122
2BR
$1,220
$1,160
−4.9%
$1,044–$1,276
3BR
$1,690
$1,590
−5.9%
$1,431–$1,749
4BR
$1,990
$1,860
−6.5%
$1,674–$2,046
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Cambridge, IA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$960
$1,020
$1,160
$1,590
$1,860
FY 2026
$1,020
$1,080
$1,220
$1,690
$1,990
FY 2025
$900
$980
$1,100
$1,520
$1,780
FY 2024
$860
$930
$1,050
$1,480
$1,730
FY 2023
$810
$880
$1,010
$1,430
$1,670
Questions about Cambridge, IA rents
How much will Section 8 pay for a two-bedroom in Cambridge, IA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,160, that basic range is $1,044 to $1,276 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 Cambridge, IA in?
Cambridge, 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 Cambridge, IA for FY 2027?
The two-bedroom FMR fell 4.9%, from $1,220 in FY 2026 to $1,160 in FY 2027. Since FY 2023 it has risen 14.9%.
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