FMR is near market; voucher and private rents are aligned.
1.10
2 BR
2 BR- 50707
1.02ratio
FMR$1,050
Market$1,030
vs market+$20
FMR is near market; voucher and private rents are aligned.
1.02
3 BR
3 BR- 50707
1.09ratio
FMR$1,340
Market$1,230
vs market+$110
FMR is near market; voucher and private rents are aligned.
1.09
4 BR
4 BR- 50707
1.23ratio
FMR$1,760
Market$1,430
vs market+$330
FMR is above market; underwrite to market rent.
1.23
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
--
Evansdale, IA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Evansdale, IA is $1,050 a month. That is up 5.0% from $1,000 in FY 2026. Evansdale is in the Waterloo-Cedar Falls, IA HUD Metro FMR Area. 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 $1,096. The median county two-bedroom FMR in Iowa is $927, so Evansdale is 13% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Evansdale, IA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$690
$730
+5.8%
$657–$803
1BR
$760
$800
+5.3%
$720–$880
2BR
$1,000
$1,050
+5.0%
$945–$1,155
3BR
$1,290
$1,340
+3.9%
$1,206–$1,474
4BR
$1,680
$1,760
+4.8%
$1,584–$1,936
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Evansdale, IA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$730
$800
$1,050
$1,340
$1,760
FY 2026
$690
$760
$1,000
$1,290
$1,680
FY 2025
$640
$720
$940
$1,230
$1,580
FY 2024
$620
$710
$910
$1,200
$1,540
FY 2023
$630
$740
$930
$1,240
$1,580
Questions about Evansdale, IA rents
How much will Section 8 pay for a two-bedroom in Evansdale, IA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,096, which applies unless the housing authority uses Small Area FMRs, that basic range is $986 to $1,206 a month; under the ZIP-level Small Area FMR of $1,050 it would be $945 to $1,155. 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 Evansdale, IA in?
Evansdale, IA is in the Waterloo-Cedar Falls, IA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,096.
How much did fair market rent change in Evansdale, IA for FY 2027?
The two-bedroom FMR rose 5.0%, from $1,000 in FY 2026 to $1,050 in FY 2027. Since FY 2023 it has risen 12.9%.
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