FMR is below market; voucher rent may lag private rents.
0.67
1 BR
1 BR- 50211
0.75ratio
FMR$1,090
Market$1,460
vs market-$370
FMR is below market; voucher rent may lag private rents.
0.75
2 BR
2 BR- 50211
0.70ratio
FMR$1,290
Market$1,840
vs market-$550
FMR is below market; voucher rent may lag private rents.
0.70
3 BR
3 BR- 50211
0.84ratio
FMR$1,760
Market$2,090
vs market-$330
FMR is below market; voucher rent may lag private rents.
0.84
4 BR
4 BR- 50211
0.81ratio
FMR$1,800
Market$2,220
vs market-$420
FMR is below market; voucher rent may lag private rents.
0.81
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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Norwalk, IA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Norwalk, IA is $1,290 a month. That is down 0.8% from $1,300 in FY 2026. Norwalk 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 Norwalk is 39% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Norwalk, IA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,050
$1,050
0.0%
$945–$1,155
1BR
$1,090
$1,090
0.0%
$981–$1,199
2BR
$1,300
$1,290
−0.8%
$1,161–$1,419
3BR
$1,770
$1,760
−0.6%
$1,584–$1,936
4BR
$1,820
$1,800
−1.1%
$1,620–$1,980
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Norwalk, IA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,050
$1,090
$1,290
$1,760
$1,800
FY 2026
$1,050
$1,090
$1,300
$1,770
$1,820
FY 2025
$990
$1,050
$1,260
$1,690
$1,700
FY 2024
$840
$910
$1,090
$1,490
$1,500
FY 2023
$770
$870
$1,050
$1,440
$1,470
Questions about Norwalk, IA rents
How much will Section 8 pay for a two-bedroom in Norwalk, IA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,290, that basic range is $1,161 to $1,419 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 Norwalk, IA in?
Norwalk, 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 Norwalk, IA for FY 2027?
The two-bedroom FMR fell 0.8%, from $1,300 in FY 2026 to $1,290 in FY 2027. Since FY 2023 it has risen 22.9%.
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