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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New Liberty, IA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in New Liberty, IA is $1,510 a month. That is up 1.3% from $1,490 in FY 2026. New Liberty is in the Cedar 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 $969. The median county two-bedroom FMR in Iowa is $927, so New Liberty is 63% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for New Liberty, IA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,070
$1,120
+4.7%
$1,008–$1,232
1BR
$1,200
$1,210
+0.8%
$1,089–$1,331
2BR
$1,490
$1,510
+1.3%
$1,359–$1,661
3BR
$1,950
$1,990
+2.1%
$1,791–$2,189
4BR
$2,300
$2,360
+2.6%
$2,124–$2,596
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for New Liberty, IA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,120
$1,210
$1,510
$1,990
$2,360
FY 2026
$1,070
$1,200
$1,490
$1,950
$2,300
FY 2025
$830
$970
$1,200
$1,560
$1,820
FY 2024
$660
$790
$970
$1,270
$1,460
FY 2023
$600
$720
$890
$1,170
$1,330
Questions about New Liberty, IA rents
How much will Section 8 pay for a two-bedroom in New Liberty, IA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $969, which applies unless the housing authority uses Small Area FMRs, that basic range is $872 to $1,066 a month; under the ZIP-level Small Area FMR of $1,510 it would be $1,359 to $1,661. 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 New Liberty, IA in?
New Liberty, IA is in the Cedar County, IA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $969.
How much did fair market rent change in New Liberty, IA for FY 2027?
The two-bedroom FMR rose 1.3%, from $1,490 in FY 2026 to $1,510 in FY 2027. Since FY 2023 it has risen 69.7%.
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