FMR is below market; voucher rent may lag private rents.
0.59
1 BR
1 BR- 51355
0.59ratio
FMR$860
Market$1,460
vs market-$600
FMR is below market; voucher rent may lag private rents.
0.59
2 BR
2 BR- 51355
0.69ratio
FMR$1,120
Market$1,620
vs market-$500
FMR is below market; voucher rent may lag private rents.
0.69
3 BR
3 BR- 51355
0.84ratio
FMR$1,460
Market$1,740
vs market-$280
FMR is below market; voucher rent may lag private rents.
0.84
4 BR
4 BR- 51355
0.77ratio
FMR$1,470
Market$1,900
vs market-$430
FMR is below market; voucher rent may lag private rents.
0.77
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
--
Okoboji, IA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Okoboji, IA is $1,120 a month. That is down 0.9% from $1,130 in FY 2026. Okoboji is in the Dickinson 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 $1,091. The median county two-bedroom FMR in Iowa is $927, so Okoboji is 21% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Okoboji, IA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$860
$850
−1.2%
$765–$935
1BR
$860
$860
0.0%
$774–$946
2BR
$1,130
$1,120
−0.9%
$1,008–$1,232
3BR
$1,360
$1,460
+7.4%
$1,314–$1,606
4BR
$1,500
$1,470
−2.0%
$1,323–$1,617
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Okoboji, IA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$850
$860
$1,120
$1,460
$1,470
FY 2026
$860
$860
$1,130
$1,360
$1,500
FY 2025
$820
$820
$1,080
$1,300
$1,430
FY 2024area FMR
$789
$794
$1,043
$1,261
$1,389
FY 2023area FMR
$693
$721
$949
$1,160
$1,275
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Okoboji, IA rents
How much will Section 8 pay for a two-bedroom in Okoboji, IA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,091, which applies unless the housing authority uses Small Area FMRs, that basic range is $982 to $1,200 a month; under the ZIP-level Small Area FMR of $1,120 it would be $1,008 to $1,232. 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 Okoboji, IA in?
Okoboji, IA is in the Dickinson County, IA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,091.
How much did fair market rent change in Okoboji, IA for FY 2027?
The two-bedroom FMR fell 0.9%, from $1,130 in FY 2026 to $1,120 in FY 2027. Since FY 2025 it has risen 3.7%.
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