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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Pilot Mound, IA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Pilot Mound, IA is $930 a month. That is up 1.1% from $920 in FY 2026. Pilot Mound is in the Boone County, IA HUD Metro 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 metro-wide two-bedroom FMR of $967.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Pilot Mound, IA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$700
$730
+4.3%
$657–$803
1BR
$710
$740
+4.2%
$666–$814
2BR
$920
$930
+1.1%
$837–$1,023
3BR
$1,280
$1,290
+0.8%
$1,161–$1,419
4BR
$1,340
$1,390
+3.7%
$1,251–$1,529
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Pilot Mound, IA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$730
$740
$930
$1,290
$1,390
FY 2026
$700
$710
$920
$1,280
$1,340
FY 2025
$670
$680
$880
$1,230
$1,240
FY 2024
$590
$660
$860
$1,210
$1,290
FY 2023
$560
$600
$800
$1,120
$1,240
Questions about Pilot Mound, IA rents
How much will Section 8 pay for a two-bedroom in Pilot Mound, IA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $967, which applies unless the housing authority uses Small Area FMRs, that basic range is $870 to $1,064 a month; under the ZIP-level Small Area FMR of $930 it would be $837 to $1,023. 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 Pilot Mound, IA in?
Pilot Mound, IA is in the Boone County, IA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $967.
How much did fair market rent change in Pilot Mound, IA for FY 2027?
The two-bedroom FMR rose 1.1%, from $920 in FY 2026 to $930 in FY 2027. Since FY 2023 it has risen 16.3%.
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