FMR is near market; voucher and private rents are aligned.
0.94
1 BR
1 BR- 52233
0.90ratio
FMR$740
Market$820
vs market-$80
FMR is near market; voucher and private rents are aligned.
0.90
2 BR
2 BR- 52233
1.00ratio
FMR$970
Market$970
vs market+$0
FMR is near market; voucher and private rents are aligned.
1.00
3 BR
3 BR- 52233
0.85ratio
FMR$1,350
Market$1,590
vs market-$240
FMR is below market; voucher rent may lag private rents.
0.85
4 BR
4 BR- 52233
0.90ratio
FMR$1,620
Market$1,800
vs market-$180
FMR is near market; voucher and private rents are aligned.
0.90
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
--
Hiawatha, IA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Hiawatha, IA is $970 a month. That is unchanged from FY 2026. Hiawatha is in the Cedar Rapids, 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 $1,054. The median county two-bedroom FMR in Iowa is $927, so Hiawatha is 5% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Hiawatha, IA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$670
$670
0.0%
$603–$737
1BR
$740
$740
0.0%
$666–$814
2BR
$970
$970
0.0%
$873–$1,067
3BR
$1,350
$1,350
0.0%
$1,215–$1,485
4BR
$1,630
$1,620
−0.6%
$1,458–$1,782
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Hiawatha, IA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$670
$740
$970
$1,350
$1,620
FY 2026
$670
$740
$970
$1,350
$1,630
FY 2025
$630
$700
$920
$1,290
$1,540
FY 2024
$610
$680
$900
$1,270
$1,530
FY 2023
$620
$700
$920
$1,310
$1,570
Questions about Hiawatha, IA rents
How much will Section 8 pay for a two-bedroom in Hiawatha, IA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,054, which applies unless the housing authority uses Small Area FMRs, that basic range is $949 to $1,159 a month; under the ZIP-level Small Area FMR of $970 it would be $873 to $1,067. 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 Hiawatha, IA in?
Hiawatha, IA is in the Cedar Rapids, IA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,054.
How much did fair market rent change in Hiawatha, IA for FY 2027?
The two-bedroom FMR was unchanged at $970 in FY 2027. Since FY 2023 it has risen 5.4%.
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