Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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Grand Junction, IA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Grand Junction, IA is $1,060 a month. That is unchanged from FY 2026. Grand Junction is in the Greene County, IA non-metropolitan 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 county-wide two-bedroom FMR of $927. The median county two-bedroom FMR in Iowa is $927, so Grand Junction is 14% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Grand Junction, IA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$790
$790
0.0%
$711–$869
1BR
$810
$810
0.0%
$729–$891
2BR
$1,060
$1,060
0.0%
$954–$1,166
3BR
$1,470
$1,390
−5.4%
$1,251–$1,529
4BR
$1,710
$1,660
−2.9%
$1,494–$1,826
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Grand Junction, IA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$790
$810
$1,060
$1,390
$1,660
FY 2026
$790
$810
$1,060
$1,470
$1,710
FY 2025
$710
$740
$970
$1,360
$1,590
FY 2024
$610
$680
$900
$1,270
$1,350
FY 2023
$590
$660
$870
$1,230
$1,360
Questions about Grand Junction, IA rents
How much will Section 8 pay for a two-bedroom in Grand Junction, IA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $927, which applies unless the housing authority uses Small Area FMRs, that basic range is $834 to $1,020 a month; under the ZIP-level Small Area FMR of $1,060 it would be $954 to $1,166. 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 Grand Junction, IA in?
Grand Junction, IA is in the Greene County, IA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $927.
How much did fair market rent change in Grand Junction, IA for FY 2027?
The two-bedroom FMR was unchanged at $1,060 in FY 2027. Since FY 2023 it has risen 21.8%.
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