FMR is below market; voucher rent may lag private rents.
0.80
1 BR
1 BR- 50073
0.78ratio
FMR$1,150
Market$1,470
vs market-$320
FMR is below market; voucher rent may lag private rents.
0.78
2 BR
2 BR- 50073
0.80ratio
FMR$1,340
Market$1,670
vs market-$330
FMR is below market; voucher rent may lag private rents.
0.80
3 BR
3 BR- 50073
0.95ratio
FMR$1,840
Market$1,930
vs market-$90
FMR is near market; voucher and private rents are aligned.
0.95
4 BR
4 BR- 50073
0.80ratio
FMR$1,980
Market$2,480
vs market-$500
FMR is below market; voucher rent may lag private rents.
0.80
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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Elkhart, IA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Elkhart, IA is $1,340 a month. That is down 5.0% from $1,410 in FY 2026. Elkhart 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 Elkhart is 45% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Elkhart, IA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,140
$1,100
−3.5%
$990–$1,210
1BR
$1,190
$1,150
−3.4%
$1,035–$1,265
2BR
$1,410
$1,340
−5.0%
$1,206–$1,474
3BR
$1,920
$1,840
−4.2%
$1,656–$2,024
4BR
$1,970
$1,980
+0.5%
$1,782–$2,178
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Elkhart, IA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,100
$1,150
$1,340
$1,840
$1,980
FY 2026
$1,140
$1,190
$1,410
$1,920
$1,970
FY 2025
$970
$1,040
$1,240
$1,660
$1,670
FY 2024
$880
$950
$1,140
$1,560
$1,560
FY 2023
$820
$930
$1,120
$1,540
$1,560
Questions about Elkhart, IA rents
How much will Section 8 pay for a two-bedroom in Elkhart, IA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,340, that basic range is $1,206 to $1,474 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 Elkhart, IA in?
Elkhart, 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 Elkhart, IA for FY 2027?
The two-bedroom FMR fell 5.0%, from $1,410 in FY 2026 to $1,340 in FY 2027. Since FY 2023 it has risen 19.6%.
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