FMR is near market; voucher and private rents are aligned.
1.09
2 BR
2 BR- 50263
0.87ratio
FMR$1,560
Market$1,790
vs market-$230
FMR is below market; voucher rent may lag private rents.
0.87
3 BR
3 BR- 50263
1.02ratio
FMR$2,130
Market$2,080
vs market+$50
FMR is near market; voucher and private rents are aligned.
1.02
4 BR
4 BR- 50263
0.91ratio
FMR$2,180
Market$2,400
vs market-$220
FMR is near market; voucher and private rents are aligned.
0.91
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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Waukee, IA fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Waukee, IA is $1,560 a month. That is up 4.7% from $1,490 in FY 2026. Waukee 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 Waukee is 68% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Waukee, IA
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,200
$1,260
+5.0%
$1,134–$1,386
1BR
$1,250
$1,310
+4.8%
$1,179–$1,441
2BR
$1,490
$1,560
+4.7%
$1,404–$1,716
3BR
$2,030
$2,130
+4.9%
$1,917–$2,343
4BR
$2,080
$2,180
+4.8%
$1,962–$2,398
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Waukee, IA
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,260
$1,310
$1,560
$2,130
$2,180
FY 2026
$1,200
$1,250
$1,490
$2,030
$2,080
FY 2025
$1,090
$1,160
$1,390
$1,870
$1,870
FY 2024
$990
$1,070
$1,280
$1,750
$1,760
FY 2023
$970
$1,090
$1,320
$1,810
$1,840
Questions about Waukee, IA rents
How much will Section 8 pay for a two-bedroom in Waukee, IA?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,560, that basic range is $1,404 to $1,716 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 Waukee, IA in?
Waukee, 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 Waukee, IA for FY 2027?
The two-bedroom FMR rose 4.7%, from $1,490 in FY 2026 to $1,560 in FY 2027. Since FY 2023 it has risen 18.2%.
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