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Cumming, IA

CitySAFMR
Warren County
Found 1 ZIP

City Median Investment Score

52Below average

095130300
BRFMR
Eff. Rent
0 BR$1,070$1,180
1 BR$1,110$1,220
2 BR$1,320$1,450
3 BR$1,790$1,970
4 BR$1,840$2,020
5 BR$2,116Not available
6 BR$2,433Not available
7 BR$2,798Not available
8 BR$3,218Not available

Purchase Price Calculator

Maximum purchase price
$153,553

Cost breakdown

+Likely effective rent$1,450
HUD FMR$1,320
Market rent$1,800
Est. payment standard (110%)Used$1,450
-Principal and interest-$776
Loan amount$122,842
Down payment$30,711
Rate6.50%
Term30 years
-Operating costs-$474
Property taxes-$154
Insurance-$175
Utilities$0
HOA$0
Management-$145
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,408(76.2% ROI)
Projected value
$165,360
Return breakdown
Property appreciation+$11,807
Loan principal paid down+$4,401
Rental cash flow+$7,200
5-year hold
+$40,027(130.3% ROI)
Projected value
$173,731
Return breakdown
Property appreciation+$20,178
Loan principal paid down+$7,848
Rental cash flow+$12,000
10-year hold
+$85,709(279.1% ROI)
Projected value
$196,561
Return breakdown
Property appreciation+$43,008
Loan principal paid down+$18,701
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.63
1 BR
0.73
2 BR
0.73
3 BR
0.84
4 BR
0.80
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Cumming, IA fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Cumming, IA is $1,320 a month. That is up 3.1% from $1,280 in FY 2026. Cumming 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 Cumming is 42% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Cumming, IA
BedroomsFY 2027Change90–110% range
Studio$1,070+2.9%$963–$1,177
1BR$1,110+2.8%$999–$1,221
2BR$1,320+3.1%$1,188–$1,452
3BR$1,790+2.3%$1,611–$1,969
4BR$1,840+2.2%$1,656–$2,024

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Cumming, IA
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,070$1,110$1,320$1,790$1,840
FY 2026$1,040$1,080$1,280$1,750$1,800
FY 2025$950$1,010$1,210$1,620$1,630
FY 2024$750$830$1,000$1,370$1,400
FY 2023$820$920$1,110$1,520$1,550

Questions about Cumming, IA rents

How much will Section 8 pay for a two-bedroom in Cumming, IA?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,320, that basic range is $1,188 to $1,452 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 Cumming, IA in?

Cumming, 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 Cumming, IA for FY 2027?

The two-bedroom FMR rose 3.1%, from $1,280 in FY 2026 to $1,320 in FY 2027. Since FY 2023 it has risen 18.9%.

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