FMR is below market; voucher rent may lag private rents.
0.76
1 BR
1 BR- 52336
0.82ratio
FMR$890
Market$1,080
vs market-$190
FMR is below market; voucher rent may lag private rents.
0.82
2 BR
2 BR- 52336
0.98ratio
FMR$1,160
Market$1,180
vs market-$20
FMR is near market; voucher and private rents are aligned.
0.98
3 BR
3 BR- 52336
1.06ratio
FMR$1,610
Market$1,520
vs market+$90
FMR is near market; voucher and private rents are aligned.
1.06
4 BR
4 BR- 52336
1.24ratio
FMR$1,940
Market$1,560
vs market+$380
FMR is above market; underwrite to market rent.
1.24
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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Springville, IA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Springville, IA is $1,160 a month. That is up 3.6% from $1,120 in FY 2026. Springville is in the Cedar Rapids, 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 $1,054. The median county two-bedroom FMR in Iowa is $927, so Springville is 25% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Springville, IA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$770
$810
+5.2%
$729–$891
1BR
$850
$890
+4.7%
$801–$979
2BR
$1,120
$1,160
+3.6%
$1,044–$1,276
3BR
$1,560
$1,610
+3.2%
$1,449–$1,771
4BR
$1,880
$1,940
+3.2%
$1,746–$2,134
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Springville, IA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$810
$890
$1,160
$1,610
$1,940
FY 2026
$770
$850
$1,120
$1,560
$1,880
FY 2025
$720
$800
$1,050
$1,470
$1,760
FY 2024
$650
$730
$960
$1,350
$1,630
FY 2023
$630
$710
$940
$1,340
$1,600
Questions about Springville, IA rents
How much will Section 8 pay for a two-bedroom in Springville, IA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,054, which applies unless the housing authority uses Small Area FMRs, that basic range is $949 to $1,159 a month; under the ZIP-level Small Area FMR of $1,160 it would be $1,044 to $1,276. 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 Springville, IA in?
Springville, IA is in the Cedar Rapids, IA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,054.
How much did fair market rent change in Springville, IA for FY 2027?
The two-bedroom FMR rose 3.6%, from $1,120 in FY 2026 to $1,160 in FY 2027. Since FY 2023 it has risen 23.4%.
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