FMR is near market; voucher and private rents are aligned.
0.91
1 BR
1 BR- 50667
0.96ratio
FMR$800
Market$830
vs market-$30
FMR is near market; voucher and private rents are aligned.
0.96
2 BR
2 BR- 50667
0.95ratio
FMR$1,050
Market$1,100
vs market-$50
FMR is near market; voucher and private rents are aligned.
0.95
3 BR
3 BR- 50667
0.93ratio
FMR$1,360
Market$1,460
vs market-$100
FMR is near market; voucher and private rents are aligned.
0.93
4 BR
4 BR- 50667
1.35ratio
FMR$1,750
Market$1,300
vs market+$450
FMR is above market; underwrite to market rent.
1.35
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
--
Raymond, IA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Raymond, IA is $1,050 a month. That is up 2.9% from $1,020 in FY 2026. Raymond is in the Waterloo-Cedar Falls, 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 $1,096. The median county two-bedroom FMR in Iowa is $927, so Raymond is 13% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Raymond, IA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$720
$740
+2.8%
$666–$814
1BR
$780
$800
+2.6%
$720–$880
2BR
$1,020
$1,050
+2.9%
$945–$1,155
3BR
$1,340
$1,360
+1.5%
$1,224–$1,496
4BR
$1,690
$1,750
+3.6%
$1,575–$1,925
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Raymond, IA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$740
$800
$1,050
$1,360
$1,750
FY 2026
$720
$780
$1,020
$1,340
$1,690
FY 2025
$680
$740
$970
$1,280
$1,570
FY 2024
$630
$730
$930
$1,230
$1,580
FY 2023
$620
$730
$920
$1,220
$1,560
Questions about Raymond, IA rents
How much will Section 8 pay for a two-bedroom in Raymond, IA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,096, which applies unless the housing authority uses Small Area FMRs, that basic range is $986 to $1,206 a month; under the ZIP-level Small Area FMR of $1,050 it would be $945 to $1,155. 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 Raymond, IA in?
Raymond, IA is in the Waterloo-Cedar Falls, IA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,096.
How much did fair market rent change in Raymond, IA for FY 2027?
The two-bedroom FMR rose 2.9%, from $1,020 in FY 2026 to $1,050 in FY 2027. Since FY 2023 it has risen 14.1%.
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