FMR is below market; voucher rent may lag private rents.
0.50
1 BR
1 BR- 50109
0.63ratio
FMR$940
Market$1,490
vs market-$550
FMR is below market; voucher rent may lag private rents.
0.63
2 BR
2 BR- 50109
0.66ratio
FMR$1,120
Market$1,700
vs market-$580
FMR is below market; voucher rent may lag private rents.
0.66
3 BR
3 BR- 50109
0.71ratio
FMR$1,530
Market$2,170
vs market-$640
FMR is below market; voucher rent may lag private rents.
0.71
4 BR
4 BR- 50109
0.66ratio
FMR$1,570
Market$2,370
vs market-$800
FMR is below market; voucher rent may lag private rents.
0.66
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
--
Granger, IA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Granger, IA is $1,120 a month. That is down 8.2% from $1,220 in FY 2026. Granger 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 Granger is 21% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Granger, IA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$980
$910
−7.1%
$819–$1,001
1BR
$1,030
$940
−8.7%
$846–$1,034
2BR
$1,220
$1,120
−8.2%
$1,008–$1,232
3BR
$1,660
$1,530
−7.8%
$1,377–$1,683
4BR
$1,700
$1,570
−7.6%
$1,413–$1,727
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Granger, IA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$910
$940
$1,120
$1,530
$1,570
FY 2026
$980
$1,030
$1,220
$1,660
$1,700
FY 2025
$960
$1,030
$1,230
$1,650
$1,660
FY 2024
$880
$950
$1,140
$1,560
$1,560
FY 2023
$870
$980
$1,180
$1,620
$1,650
Questions about Granger, IA rents
How much will Section 8 pay for a two-bedroom in Granger, IA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,120, that basic range is $1,008 to $1,232 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 Granger, IA in?
Granger, 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 Granger, IA for FY 2027?
The two-bedroom FMR fell 8.2%, from $1,220 in FY 2026 to $1,120 in FY 2027. Since FY 2023 it has fallen 5.1%.
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