FMR is near market; voucher and private rents are aligned.
0.90
1 BR
1 BR- 68731
0.84ratio
FMR$960
Market$1,140
vs market-$180
FMR is below market; voucher rent may lag private rents.
0.84
2 BR
2 BR- 68731
1.07ratio
FMR$1,190
Market$1,110
vs market+$80
FMR is near market; voucher and private rents are aligned.
1.07
3 BR
3 BR- 68731
1.17ratio
FMR$1,440
Market$1,230
vs market+$210
FMR is above market; underwrite to market rent.
1.17
4 BR
4 BR- 68731
1.02ratio
FMR$1,610
Market$1,580
vs market+$30
FMR is near market; voucher and private rents are aligned.
1.02
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
--
Dakota City, NE fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Dakota City, NE is $1,190 a month. That is down 7.8% from $1,290 in FY 2026. Dakota City is in the Sioux City, IA-NE-SD MSA. 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 metro-wide two-bedroom FMR of $1,194. The median county two-bedroom FMR in Nebraska is $1,014, so Dakota City is 17% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Dakota City, NE
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$890
$830
−6.7%
$747–$913
1BR
$1,030
$960
−6.8%
$864–$1,056
2BR
$1,290
$1,190
−7.8%
$1,071–$1,309
3BR
$1,550
$1,440
−7.1%
$1,296–$1,584
4BR
$1,710
$1,610
−5.8%
$1,449–$1,771
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Dakota City, NE
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$830
$960
$1,190
$1,440
$1,610
FY 2026
$890
$1,030
$1,290
$1,550
$1,710
FY 2025
$780
$890
$1,140
$1,370
$1,510
FY 2024
$690
$790
$1,020
$1,240
$1,360
FY 2023
$590
$670
$880
$1,080
$1,180
Questions about Dakota City, NE rents
How much will Section 8 pay for a two-bedroom in Dakota City, NE?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,194, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,075 to $1,313 a month; under the ZIP-level Small Area FMR of $1,190 it would be $1,071 to $1,309. 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 Dakota City, NE in?
Dakota City, NE is in the Sioux City, IA-NE-SD MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,194.
How much did fair market rent change in Dakota City, NE for FY 2027?
The two-bedroom FMR fell 7.8%, from $1,290 in FY 2026 to $1,190 in FY 2027. Since FY 2023 it has risen 35.2%.
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