FMR is near market; voucher and private rents are aligned.
0.99
1 BR
1 BR- 51561
0.93ratio
FMR$1,000
Market$1,080
vs market-$80
FMR is near market; voucher and private rents are aligned.
0.93
2 BR
2 BR- 51561
0.92ratio
FMR$1,190
Market$1,290
vs market-$100
FMR is near market; voucher and private rents are aligned.
0.92
3 BR
3 BR- 51561
1.06ratio
FMR$1,580
Market$1,490
vs market+$90
FMR is near market; voucher and private rents are aligned.
1.06
4 BR
4 BR- 51561
1.14ratio
FMR$1,780
Market$1,560
vs market+$220
FMR is above market; underwrite to market rent.
1.14
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
--
Pacific Junction, IA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Pacific Junction, IA is $1,190 a month. That is down 9.8% from $1,320 in FY 2026. Pacific Junction 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 Pacific Junction is 28% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Pacific Junction, IA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,050
$950
−9.5%
$855–$1,045
1BR
$1,110
$1,000
−9.9%
$900–$1,100
2BR
$1,320
$1,190
−9.8%
$1,071–$1,309
3BR
$1,750
$1,580
−9.7%
$1,422–$1,738
4BR
$1,970
$1,780
−9.6%
$1,602–$1,958
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Pacific Junction, IA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$950
$1,000
$1,190
$1,580
$1,780
FY 2026
$1,050
$1,110
$1,320
$1,750
$1,970
FY 2025
$960
$1,020
$1,220
$1,620
$1,800
FY 2024
$840
$910
$1,100
$1,470
$1,630
FY 2023
$760
$840
$1,030
$1,380
$1,530
Questions about Pacific Junction, IA rents
How much will Section 8 pay for a two-bedroom in Pacific Junction, IA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,190, that basic range is $1,071 to $1,309 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 Pacific Junction, IA in?
Pacific Junction, 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 Pacific Junction, IA for FY 2027?
The two-bedroom FMR fell 9.8%, from $1,320 in FY 2026 to $1,190 in FY 2027. Since FY 2023 it has risen 15.5%.
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