FMR is near market; voucher and private rents are aligned.
1.00
1 BR
1 BR- 50220
1.02ratio
FMR$940
Market$920
vs market+$20
FMR is near market; voucher and private rents are aligned.
1.02
2 BR
2 BR- 50220
1.08ratio
FMR$1,120
Market$1,040
vs market+$80
FMR is near market; voucher and private rents are aligned.
1.08
3 BR
3 BR- 50220
1.27ratio
FMR$1,520
Market$1,200
vs market+$320
FMR is above market; underwrite to market rent.
1.27
4 BR
4 BR- 50220
1.26ratio
FMR$1,570
Market$1,250
vs market+$320
FMR is above market; underwrite to market rent.
1.26
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
--
Perry, IA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Perry, IA is $1,120 a month. That is up 2.8% from $1,090 in FY 2026. Perry 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 Perry is 21% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Perry, IA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$880
$900
+2.3%
$810–$990
1BR
$910
$940
+3.3%
$846–$1,034
2BR
$1,090
$1,120
+2.8%
$1,008–$1,232
3BR
$1,480
$1,520
+2.7%
$1,368–$1,672
4BR
$1,530
$1,570
+2.6%
$1,413–$1,727
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Perry, IA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$900
$940
$1,120
$1,520
$1,570
FY 2026
$880
$910
$1,090
$1,480
$1,530
FY 2025
$810
$860
$1,030
$1,380
$1,390
FY 2024
$720
$810
$970
$1,330
$1,350
FY 2023
$680
$760
$920
$1,260
$1,290
Questions about Perry, IA rents
How much will Section 8 pay for a two-bedroom in Perry, IA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,120, that basic range is $1,008 to $1,232 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 Perry, IA in?
Perry, 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 Perry, IA for FY 2027?
The two-bedroom FMR rose 2.8%, from $1,090 in FY 2026 to $1,120 in FY 2027. Since FY 2023 it has risen 21.7%.
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