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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Mondamin, IA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Mondamin, IA is $1,130 a month. That is up 4.6% from $1,080 in FY 2026. Mondamin is in the Omaha-Council Bluffs, NE-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 Mondamin is 22% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Mondamin, IA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$860
$910
+5.8%
$819–$1,001
1BR
$910
$950
+4.4%
$855–$1,045
2BR
$1,080
$1,130
+4.6%
$1,017–$1,243
3BR
$1,430
$1,500
+4.9%
$1,350–$1,650
4BR
$1,620
$1,700
+4.9%
$1,530–$1,870
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Mondamin, IA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$910
$950
$1,130
$1,500
$1,700
FY 2026
$860
$910
$1,080
$1,430
$1,620
FY 2025
$810
$880
$1,060
$1,410
$1,560
FY 2024
$730
$800
$980
$1,310
$1,450
FY 2023
$630
$720
$880
$1,180
$1,320
Questions about Mondamin, IA rents
How much will Section 8 pay for a two-bedroom in Mondamin, IA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,130, that basic range is $1,017 to $1,243 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 Mondamin, IA in?
Mondamin, IA is in the Omaha-Council Bluffs, NE-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 Mondamin, IA for FY 2027?
The two-bedroom FMR rose 4.6%, from $1,080 in FY 2026 to $1,130 in FY 2027. Since FY 2023 it has risen 28.4%.
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