IA/Black Hawk County/WATERLOO
WATERLOO, IA
CitySAFMR
Black Hawk County
Found 4 ZIPs
Zillow
BRFMR
Eff. Rent
0 BR$680 – $730▲$680 – $750
1 BR$750 – $810▲$730 – $830
2 BR$980 – $1,060▲$850 – $1,060
3 BR$1,270 – $1,370▲$1,000 – $1,400
4 BR$1,640 – $1,780▲$1,090 – $1,650
5 BR$2,047▲—
6 BR$2,354▲—
7 BR$2,707▲—
8 BR$3,113▲—

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Market Alignment

FMR / market rent by bedroom.

Studio
Studio- 1 ZIP
0.86ratio
FMR$680
Market$790
vs market-$110

FMR is below market; voucher rent may lag private rents.

1
Studio- 1 ZIP
1.06ratio
FMR$730
Market$690
vs market+$40

FMR is near market; voucher and private rents are aligned.

1
Studio- 2 ZIPs
1.07ratio range
Median FMR$730
Median Market$680
vs market+$50

FMR is near market; voucher and private rents are aligned.

2
0.86-1.07
1 BR
1 BR- 1 ZIP
0.84ratio
FMR$750
Market$890
vs market-$140

FMR is below market; voucher rent may lag private rents.

1
1 BR- 2 ZIPs
1.03-1.04ratio range
Median FMR$810
Median Market$785
vs market+$25

FMR is near market; voucher and private rents are aligned.

2
1 BR- 1 ZIP
1.11ratio
FMR$810
Market$730
vs market+$80

FMR is above market; underwrite to market rent.

1
0.84-1.11
2 BR
2 BR- 1 ZIP
0.90ratio
FMR$980
Market$1,090
vs market-$110

FMR is below market; voucher rent may lag private rents.

1
2 BR- 1 ZIP
1.00ratio
FMR$1,060
Market$1,060
vs market+$0

FMR is near market; voucher and private rents are aligned.

1
2 BR- 1 ZIP
1.15ratio
FMR$1,060
Market$920
vs market+$140

FMR is above market; underwrite to market rent.

1
2 BR- 1 ZIP
1.25ratio
FMR$1,060
Market$850
vs market+$210

FMR is above market; underwrite to market rent.

1
0.90-1.25
3 BR
3 BR- 1 ZIP
0.86ratio
FMR$1,270
Market$1,470
vs market-$200

FMR is below market; voucher rent may lag private rents.

1
3 BR- 1 ZIP
1.05ratio
FMR$1,370
Market$1,310
vs market+$60

FMR is near market; voucher and private rents are aligned.

1
3 BR- 1 ZIP
1.22ratio
FMR$1,370
Market$1,120
vs market+$250

FMR is above market; underwrite to market rent.

1
3 BR- 1 ZIP
1.37ratio
FMR$1,370
Market$1,000
vs market+$370

FMR is above market; underwrite to market rent.

1
0.86-1.37
4 BR
4 BR- 1 ZIP
0.99ratio
FMR$1,640
Market$1,650
vs market-$10

FMR is near market; voucher and private rents are aligned.

1
4 BR- 1 ZIP
1.14ratio
FMR$1,780
Market$1,560
vs market+$220

FMR is above market; underwrite to market rent.

1
4 BR- 1 ZIP
1.33ratio
FMR$1,780
Market$1,340
vs market+$440

FMR is above market; underwrite to market rent.

1
4 BR- 1 ZIP
1.63ratio
FMR$1,780
Market$1,090
vs market+$690

FMR is above market; underwrite to market rent.

1
0.99-1.63
0.700.800.901.001.101.201.30aligned range

Voucher alignment varies significantly by bedroom size in this area.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for WATERLOO, IA (IA) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

What is FMR?What is SAFMR?Data sourcesIncomplete geosView county page
Related ZIPs
50701507025070350704

WATERLOO, IA fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for WATERLOO, IA shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,060 and the 4 bedroom fair market rent is $1,780.

Use this page for searches like WATERLOO, IA FMR, WATERLOO, IA fair market rent, and WATERLOO, IA Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for WATERLOO, IA
Bedroom sizeHUD FMR
Studio$730
1 bedroom$810
2 bedroom$1,060
3 bedroom$1,370
4 bedroom$1,780
Black Hawk County fair market rent50701 FMR50702 FMR50703 FMR50704 FMR