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NE/Dakota County/South Sioux City

South Sioux City, NE

CitySAFMR
Dakota County
Found 1 ZIP

City Median Investment Score

83Below average

095130300
BRFMR
Eff. Rent
0 BR$880$910
1 BR$1,020$1,050
2 BR$1,260$1,270
3 BR$1,530$1,560
4 BR$1,710$1,740
5 BR$1,966Not available
6 BR$2,261Not available
7 BR$2,601Not available
8 BR$2,991Not available

Purchase Price Calculator

Maximum purchase price
$126,805

Cost breakdown

+Likely effective rent$1,270
HUD FMR$1,260
Market rent$1,280
Est. payment standard (101%)Used$1,270
-Principal and interest-$641
Loan amount$101,444
Down payment$25,361
Rate6.50%
Term30 years
-Operating costs-$429
Property taxes-$127
Insurance-$175
Utilities$0
HOA$0
Management-$127
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,585(81.2% ROI)
Projected value
$136,555
Return breakdown
Property appreciation+$9,750
Loan principal paid down+$3,634
Rental cash flow+$7,200
5-year hold
+$35,144(138.6% ROI)
Projected value
$143,468
Return breakdown
Property appreciation+$16,663
Loan principal paid down+$6,481
Rental cash flow+$12,000
10-year hold
+$74,960(295.6% ROI)
Projected value
$162,321
Return breakdown
Property appreciation+$35,516
Loan principal paid down+$15,444
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.95
1 BR
0.96
2 BR
0.98
3 BR
0.97
4 BR
0.98
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

South Sioux City, NE fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in South Sioux City, NE is $1,260 a month. That is up 4.1% from $1,210 in FY 2026. South Sioux City is in the Sioux City, IA-NE-SD MSA. 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 $1,194. The median county two-bedroom FMR in Nebraska is $1,014, so South Sioux City is 24% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for South Sioux City, NE
BedroomsFY 2027Change90–110% range
Studio$880+6.0%$792–$968
1BR$1,020+5.2%$918–$1,122
2BR$1,260+4.1%$1,134–$1,386
3BR$1,530+5.5%$1,377–$1,683
4BR$1,710+6.9%$1,539–$1,881

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for South Sioux City, NE
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$880$1,020$1,260$1,530$1,710
FY 2026$830$970$1,210$1,450$1,600
FY 2025$730$840$1,070$1,290$1,420
FY 2024$700$800$1,030$1,250$1,370
FY 2023$620$710$930$1,140$1,250

Questions about South Sioux City, NE rents

How much will Section 8 pay for a two-bedroom in South Sioux City, NE?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,194, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,075 to $1,313 a month; under the ZIP-level Small Area FMR of $1,260 it would be $1,134 to $1,386. 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 South Sioux City, NE in?

South Sioux City, NE is in the Sioux City, IA-NE-SD MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,194.

How much did fair market rent change in South Sioux City, NE for FY 2027?

The two-bedroom FMR rose 4.1%, from $1,210 in FY 2026 to $1,260 in FY 2027. Since FY 2023 it has risen 35.5%.

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