FMR is below market; voucher rent may lag private rents.
0.84
1 BR
1 BR- 50226
0.70ratio
FMR$790
Market$1,130
vs market-$340
FMR is below market; voucher rent may lag private rents.
0.70
2 BR
2 BR- 50226
0.54ratio
FMR$930
Market$1,710
vs market-$780
FMR is below market; voucher rent may lag private rents.
0.54
3 BR
3 BR- 50226
0.61ratio
FMR$1,270
Market$2,090
vs market-$820
FMR is below market; voucher rent may lag private rents.
0.61
4 BR
4 BR- 50226
0.52ratio
FMR$1,300
Market$2,520
vs market-$1,220
FMR is below market; voucher rent may lag private rents.
0.52
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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Polk City, IA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Polk City, IA is $930 a month. That is down 9.7% from $1,030 in FY 2026. Polk City is in the Ames, IA HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Polk City, IA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$830
$750
−9.6%
$675–$825
1BR
$870
$790
−9.2%
$711–$869
2BR
$1,030
$930
−9.7%
$837–$1,023
3BR
$1,400
$1,270
−9.3%
$1,143–$1,397
4BR
$1,440
$1,300
−9.7%
$1,170–$1,430
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Polk City, IA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$750
$790
$930
$1,270
$1,300
FY 2026
$830
$870
$1,030
$1,400
$1,440
FY 2025
$890
$950
$1,140
$1,530
$1,580
FY 2024
$940
$1,020
$1,220
$1,670
$1,670
FY 2023
$970
$1,090
$1,320
$1,810
$1,840
Questions about Polk City, IA rents
How much will Section 8 pay for a two-bedroom in Polk City, IA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $930, that basic range is $837 to $1,023 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 Polk City, IA in?
Polk City, IA is in the Ames, 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 Polk City, IA for FY 2027?
The two-bedroom FMR fell 9.7%, from $1,030 in FY 2026 to $930 in FY 2027. Since FY 2023 it has fallen 29.5%.
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