FMR is near market; voucher and private rents are aligned.
0.92
1 BR
1 BR- 50111
0.87ratio
FMR$1,160
Market$1,330
vs market-$170
FMR is below market; voucher rent may lag private rents.
0.87
2 BR
2 BR- 50111
0.78ratio
FMR$1,380
Market$1,760
vs market-$380
FMR is below market; voucher rent may lag private rents.
0.78
3 BR
3 BR- 50111
0.91ratio
FMR$1,880
Market$2,070
vs market-$190
FMR is near market; voucher and private rents are aligned.
0.91
4 BR
4 BR- 50111
0.82ratio
FMR$1,930
Market$2,350
vs market-$420
FMR is below market; voucher rent may lag private rents.
0.82
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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Grimes, IA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Grimes, IA is $1,380 a month. That is up 7.0% from $1,290 in FY 2026. Grimes 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 Grimes is 49% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Grimes, IA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,040
$1,120
+7.7%
$1,008–$1,232
1BR
$1,090
$1,160
+6.4%
$1,044–$1,276
2BR
$1,290
$1,380
+7.0%
$1,242–$1,518
3BR
$1,760
$1,880
+6.8%
$1,692–$2,068
4BR
$1,800
$1,930
+7.2%
$1,737–$2,123
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Grimes, IA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,120
$1,160
$1,380
$1,880
$1,930
FY 2026
$1,040
$1,090
$1,290
$1,760
$1,800
FY 2025
$930
$990
$1,180
$1,580
$1,590
FY 2024
$840
$910
$1,090
$1,490
$1,500
FY 2023
$840
$940
$1,140
$1,560
$1,590
Questions about Grimes, IA rents
How much will Section 8 pay for a two-bedroom in Grimes, IA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,380, that basic range is $1,242 to $1,518 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 Grimes, IA in?
Grimes, 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 Grimes, IA for FY 2027?
The two-bedroom FMR rose 7.0%, from $1,290 in FY 2026 to $1,380 in FY 2027. Since FY 2023 it has risen 21.1%.
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