FMR is below market; voucher rent may lag private rents.
0.70
1 BR
1 BR- 50244
0.77ratio
FMR$820
Market$1,060
vs market-$240
FMR is below market; voucher rent may lag private rents.
0.77
2 BR
2 BR- 50244
0.76ratio
FMR$930
Market$1,230
vs market-$300
FMR is below market; voucher rent may lag private rents.
0.76
3 BR
3 BR- 50244
0.83ratio
FMR$1,280
Market$1,540
vs market-$260
FMR is below market; voucher rent may lag private rents.
0.83
4 BR
4 BR- 50244
0.90ratio
FMR$1,520
Market$1,680
vs market-$160
FMR is near market; voucher and private rents are aligned.
0.90
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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Slater, IA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Slater, IA is $930 a month. That is down 5.1% from $980 in FY 2026. Slater is in the Boone County, 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 Slater, IA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$820
$780
−4.9%
$702–$858
1BR
$860
$820
−4.7%
$738–$902
2BR
$980
$930
−5.1%
$837–$1,023
3BR
$1,360
$1,280
−5.9%
$1,152–$1,408
4BR
$1,600
$1,520
−5.0%
$1,368–$1,672
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Slater, IA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$780
$820
$930
$1,280
$1,520
FY 2026
$820
$860
$980
$1,360
$1,600
FY 2025
$770
$830
$980
$1,330
$1,580
FY 2024
$720
$810
$970
$1,330
$1,510
FY 2023
$710
$740
$850
$1,210
$1,430
Questions about Slater, IA rents
How much will Section 8 pay for a two-bedroom in Slater, 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 Slater, IA in?
Slater, IA is in the Boone County, 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 Slater, IA for FY 2027?
The two-bedroom FMR fell 5.1%, from $980 in FY 2026 to $930 in FY 2027. Since FY 2023 it has risen 9.4%.
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