FMR is below market; voucher rent may lag private rents.
0.56
1 BR
1 BR- 50261
0.60ratio
FMR$970
Market$1,620
vs market-$650
FMR is below market; voucher rent may lag private rents.
0.60
2 BR
2 BR- 50261
0.64ratio
FMR$1,150
Market$1,790
vs market-$640
FMR is below market; voucher rent may lag private rents.
0.64
3 BR
3 BR- 50261
0.81ratio
FMR$1,570
Market$1,950
vs market-$380
FMR is below market; voucher rent may lag private rents.
0.81
4 BR
4 BR- 50261
0.73ratio
FMR$1,610
Market$2,220
vs market-$610
FMR is below market; voucher rent may lag private rents.
0.73
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
--
Van Meter, IA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Van Meter, IA is $1,150 a month. That is up 4.5% from $1,100 in FY 2026. Van Meter is in the Des Moines-West Des Moines, IA HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Iowa is $927, so Van Meter is 24% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Van Meter, IA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$890
$930
+4.5%
$837–$1,023
1BR
$930
$970
+4.3%
$873–$1,067
2BR
$1,100
$1,150
+4.5%
$1,035–$1,265
3BR
$1,500
$1,570
+4.7%
$1,413–$1,727
4BR
$1,540
$1,610
+4.5%
$1,449–$1,771
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Van Meter, IA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$930
$970
$1,150
$1,570
$1,610
FY 2026
$890
$930
$1,100
$1,500
$1,540
FY 2025
$790
$840
$1,010
$1,360
$1,360
FY 2024
$790
$870
$1,050
$1,440
$1,460
FY 2023
$850
$960
$1,160
$1,590
$1,620
Questions about Van Meter, IA rents
How much will Section 8 pay for a two-bedroom in Van Meter, IA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,150, that basic range is $1,035 to $1,265 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 Van Meter, IA in?
Van Meter, IA is in the Des Moines-West Des Moines, 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 Van Meter, IA for FY 2027?
The two-bedroom FMR rose 4.5%, from $1,100 in FY 2026 to $1,150 in FY 2027. Since FY 2023 it has fallen 0.9%.
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