Iowa (IA)

STATESAFMR

Found 1014 ZIPs

State Median Investment Score

81Below average

095130300

BR	Rent	3Y CAGR
0 BR	$646 - $1,450Median: $709	3.0%
1 BR	$709 - $1,510Median: $782	3.2%
2 BR	$927 - $1,790Median: $946	2.5%
3 BR	$1,105 - $2,440Median: $1,271	3.0%
4 BR	$1,218 - $2,500Median: $1,414	2.7%

Market Alignment

Studio

Studio- 16 ZIPs

0.40-0.63ratio range

Median FMR$788

Median Market$1,485

vs market-$697

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

Studio- 3 ZIPs

0.65-0.67ratio range

Median FMR$718

Median Market$1,110

vs market-$392

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

Studio- 7 ZIPs

0.69-0.72ratio range

Median FMR$780

Median Market$1,110

vs market-$330

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

Studio- 14 ZIPs

0.73-0.76ratio range

Median FMR$788

Median Market$1,035

vs market-$248

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

Studio- 12 ZIPs

0.77-0.81ratio range

Median FMR$787

Median Market$1,020

vs market-$233

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

Studio- 8 ZIPs

0.83-0.86ratio range

Median FMR$775

Median Market$920

vs market-$145

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

Studio- 8 ZIPs

0.86-0.89ratio range

Median FMR$788

Median Market$905

vs market-$118

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

Studio- 9 ZIPs

0.90-0.94ratio range

Median FMR$831

Median Market$920

vs market-$89

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

Studio- 11 ZIPs

0.94-0.97ratio range

Median FMR$791

Median Market$830

vs market-$39

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

Studio- 10 ZIPs

0.98-1.02ratio range

Median FMR$896

Median Market$895

vs market+$1

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

Studio- 9 ZIPs

1.02-1.06ratio range

Median FMR$891

Median Market$850

vs market+$41

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

Studio- 13 ZIPs

1.06-1.10ratio range

Median FMR$787

Median Market$730

vs market+$57

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

Studio- 29 ZIPs

1.10-1.15ratio range

Median FMR$1,090

Median Market$960

vs market+$130

FMR is above market; underwrite to market rent.

Studio- 12 ZIPs

1.15-1.20ratio range

Median FMR$1,085

Median Market$915

vs market+$170

FMR is above market; underwrite to market rent.

Studio- 6 ZIPs

1.21-1.24ratio range

Median FMR$862

Median Market$705

vs market+$157

FMR is above market; underwrite to market rent.

Studio- 2 ZIPs

1.25-1.26ratio range

Median FMR$1,280

Median Market$1,020

vs market+$260

FMR is above market; underwrite to market rent.

Studio- 1 ZIP

1.33ratio

FMR$1,360

Market$1,020

vs market+$340

FMR is above market; underwrite to market rent.

Studio- 4 ZIPs

1.37-1.74ratio range

Median FMR$1,350

Median Market$960

vs market+$390

FMR is above market; underwrite to market rent.

0.40-1.74

1 BR

1 BR- 15 ZIPs

0.50-0.63ratio range

Median FMR$800

Median Market$1,390

vs market-$590

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

1 BR- 1 ZIP

0.66ratio

FMR$852

Market$1,300

vs market-$448

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

1 BR- 5 ZIPs

0.70-0.73ratio range

Median FMR$891

Median Market$1,280

vs market-$389

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

1 BR- 14 ZIPs

0.73-0.77ratio range

Median FMR$845

Median Market$1,150

vs market-$305

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

1 BR- 13 ZIPs

0.77-0.81ratio range

Median FMR$852

Median Market$1,050

vs market-$198

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

1 BR- 12 ZIPs

0.82-0.85ratio range

Median FMR$928

Median Market$1,095

vs market-$167

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

1 BR- 20 ZIPs

0.86-0.90ratio range

Median FMR$918

Median Market$1,040

vs market-$123

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

1 BR- 12 ZIPs

0.91-0.94ratio range

Median FMR$965

Median Market$1,045

vs market-$80

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

1 BR- 14 ZIPs

0.94-0.97ratio range

Median FMR$965

Median Market$1,015

vs market-$50

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

1 BR- 35 ZIPs

0.98-1.02ratio range

Median FMR$1,130

Median Market$1,140

vs market-$10

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

1 BR- 6 ZIPs

1.02-1.06ratio range

Median FMR$973

Median Market$935

vs market+$38

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

1 BR- 11 ZIPs

1.06-1.10ratio range

Median FMR$944

Median Market$890

vs market+$54

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

1 BR- 8 ZIPs

1.10-1.15ratio range

Median FMR$1,019

Median Market$920

vs market+$99

FMR is above market; underwrite to market rent.

1 BR- 4 ZIPs

1.17-1.18ratio range

Median FMR$891

Median Market$755

vs market+$136

FMR is above market; underwrite to market rent.

1 BR- 1 ZIP

1.25ratio

FMR$1,410

Market$1,130

vs market+$280

FMR is above market; underwrite to market rent.

1 BR- 2 ZIPs

1.26ratio range

Median FMR$1,113

Median Market$885

vs market+$228

FMR is above market; underwrite to market rent.

1 BR- 2 ZIPs

1.37-1.63ratio range

Median FMR$1,150

Median Market$760

vs market+$390

FMR is above market; underwrite to market rent.

0.50-1.63

2 BR

2 BR- 6 ZIPs

0.54-0.64ratio range

Median FMR$938

Median Market$1,695

vs market-$757

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

2 BR- 5 ZIPs

0.66-0.68ratio range

Median FMR$1,091

Median Market$1,630

vs market-$539

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

2 BR- 5 ZIPs

0.69-0.72ratio range

Median FMR$1,140

Median Market$1,580

vs market-$440

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

2 BR- 6 ZIPs

0.73-0.76ratio range

Median FMR$1,093

Median Market$1,460

vs market-$368

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

2 BR- 11 ZIPs

0.77-0.81ratio range

Median FMR$1,061

Median Market$1,330

vs market-$269

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

2 BR- 5 ZIPs

0.83-0.85ratio range

Median FMR$1,056

Median Market$1,260

vs market-$204

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

2 BR- 12 ZIPs

0.86-0.90ratio range

Median FMR$1,056

Median Market$1,180

vs market-$124

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

2 BR- 18 ZIPs

0.90-0.94ratio range

Median FMR$1,059

Median Market$1,160

vs market-$102

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

2 BR- 21 ZIPs

0.94-0.98ratio range

Median FMR$1,056

Median Market$1,110

vs market-$54

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

2 BR- 10 ZIPs

0.99-1.02ratio range

Median FMR$1,187

Median Market$1,185

vs market+$2

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

2 BR- 33 ZIPs

1.02-1.06ratio range

Median FMR$1,340

Median Market$1,300

vs market+$40

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

2 BR- 18 ZIPs

1.06-1.10ratio range

Median FMR$1,157

Median Market$1,080

vs market+$77

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

2 BR- 7 ZIPs

1.11-1.15ratio range

Median FMR$1,320

Median Market$1,170

vs market+$150

FMR is above market; underwrite to market rent.

2 BR- 4 ZIPs

1.16-1.19ratio range

Median FMR$1,086

Median Market$920

vs market+$166

FMR is above market; underwrite to market rent.

2 BR- 7 ZIPs

1.20-1.23ratio range

Median FMR$1,096

Median Market$910

vs market+$186

FMR is above market; underwrite to market rent.

2 BR- 1 ZIP

1.29ratio

FMR$1,096

Market$850

vs market+$246

FMR is above market; underwrite to market rent.

2 BR- 2 ZIPs

1.38-1.47ratio range

Median FMR$1,655

Median Market$1,165

vs market+$490

FMR is above market; underwrite to market rent.

0.54-1.47

3 BR

3 BR- 3 ZIPs

0.59-0.62ratio range

Median FMR$1,284

Median Market$2,090

vs market-$806

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

3 BR- 2 ZIPs

0.68ratio range

Median FMR$1,277

Median Market$1,870

vs market-$594

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

3 BR- 5 ZIPs

0.69-0.72ratio range

Median FMR$1,516

Median Market$2,110

vs market-$594

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

3 BR- 4 ZIPs

0.74-0.76ratio range

Median FMR$1,307

Median Market$1,755

vs market-$448

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

3 BR- 5 ZIPs

0.78-0.81ratio range

Median FMR$1,570

Median Market$1,950

vs market-$380

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

3 BR- 17 ZIPs

0.82-0.86ratio range

Median FMR$1,424

Median Market$1,720

vs market-$296

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

3 BR- 10 ZIPs

0.87-0.90ratio range

Median FMR$1,469

Median Market$1,650

vs market-$181

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

3 BR- 15 ZIPs

0.90-0.94ratio range

Median FMR$1,447

Median Market$1,540

vs market-$93

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

3 BR- 24 ZIPs

0.94-0.98ratio range

Median FMR$1,459

Median Market$1,530

vs market-$71

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

3 BR- 22 ZIPs

0.98-1.02ratio range

Median FMR$1,830

Median Market$1,800

vs market+$30

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

3 BR- 16 ZIPs

1.02-1.06ratio range

Median FMR$1,856

Median Market$1,800

vs market+$56

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

3 BR- 10 ZIPs

1.06-1.10ratio range

Median FMR$1,580

Median Market$1,470

vs market+$110

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

3 BR- 10 ZIPs

1.10-1.15ratio range

Median FMR$1,690

Median Market$1,510

vs market+$180

FMR is above market; underwrite to market rent.

3 BR- 9 ZIPs

1.16-1.20ratio range

Median FMR$1,447

Median Market$1,250

vs market+$197

FMR is above market; underwrite to market rent.

3 BR- 7 ZIPs

1.21-1.24ratio range

Median FMR$1,396

Median Market$1,140

vs market+$256

FMR is above market; underwrite to market rent.

3 BR- 5 ZIPs

1.25-1.28ratio range

Median FMR$1,520

Median Market$1,200

vs market+$320

FMR is above market; underwrite to market rent.

3 BR- 5 ZIPs

1.31-1.35ratio range

Median FMR$1,184

Median Market$890

vs market+$294

FMR is above market; underwrite to market rent.

3 BR- 7 ZIPs

1.36-1.73ratio range

Median FMR$1,401

Median Market$1,000

vs market+$401

FMR is above market; underwrite to market rent.

0.59-1.73

4 BR

4 BR- 4 ZIPs

0.52-0.61ratio range

Median FMR$1,272

Median Market$2,175

vs market-$904

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

4 BR- 3 ZIPs

0.66-0.68ratio range

Median FMR$1,570

Median Market$2,370

vs market-$800

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

4 BR- 7 ZIPs

0.69-0.73ratio range

Median FMR$1,610

Median Market$2,220

vs market-$610

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

4 BR- 6 ZIPs

0.73-0.77ratio range

Median FMR$1,512

Median Market$2,005

vs market-$493

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

4 BR- 11 ZIPs

0.78-0.81ratio range

Median FMR$1,840

Median Market$2,290

vs market-$450

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

4 BR- 12 ZIPs

0.82-0.85ratio range

Median FMR$1,768

Median Market$2,130

vs market-$362

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

4 BR- 17 ZIPs

0.86-0.90ratio range

Median FMR$1,865

Median Market$2,130

vs market-$265

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

4 BR- 41 ZIPs

0.90-0.94ratio range

Median FMR$1,850

Median Market$1,970

vs market-$120

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

4 BR- 9 ZIPs

0.94-0.98ratio range

Median FMR$1,618

Median Market$1,680

vs market-$62

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

4 BR- 7 ZIPs

0.98-1.02ratio range

Median FMR$1,697

Median Market$1,720

vs market-$23

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

4 BR- 11 ZIPs

1.02-1.06ratio range

Median FMR$1,800

Median Market$1,700

vs market+$100

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

4 BR- 5 ZIPs

1.07-1.10ratio range

Median FMR$1,697

Median Market$1,580

vs market+$117

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

4 BR- 9 ZIPs

1.10-1.14ratio range

Median FMR$1,762

Median Market$1,540

vs market+$222

FMR is above market; underwrite to market rent.

4 BR- 7 ZIPs

1.15-1.19ratio range

Median FMR$1,768

Median Market$1,530

vs market+$238

FMR is above market; underwrite to market rent.

4 BR- 3 ZIPs

1.20-1.22ratio range

Median FMR$1,480

Median Market$1,210

vs market+$270

FMR is above market; underwrite to market rent.

4 BR- 3 ZIPs

1.26-1.28ratio range

Median FMR$1,570

Median Market$1,250

vs market+$320

FMR is above market; underwrite to market rent.

4 BR- 4 ZIPs

1.31-1.35ratio range

Median FMR$1,753

Median Market$1,325

vs market+$428

FMR is above market; underwrite to market rent.

4 BR- 17 ZIPs

1.36-1.70ratio range

Median FMR$1,768

Median Market$1,090

vs market+$678

FMR is above market; underwrite to market rent.

0.52-1.70

0.700.800.901.001.101.201.30aligned range

Bedroom curve

Rankings

Market Explorer

Counties, cities, and ZIPs in Iowa.

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Trends

Market trends

HUD rent changes, rent against home values, and where it cash-flows.

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Counties

Ranked by Investment Score (vs state median)

43Pottawattamie County

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Iowa fair market rent by county, FY 2027

HUD's FY 2027 fair market rents cover 99 counties in Iowa. The median county two-bedroom FMR is $927. That is up 0.9% from $919 in FY 2026. Two-bedroom FMRs run from $927 in Worth County to $1,450 in Harrison County. 15 HUD metropolitan FMR areas cover 22 of those counties; each county in the same metro area shares one FMR. 165 ZIP codes in 4 metro areas must use Small Area FMRs, so voucher payment standards there are set by ZIP code.

Two-bedroom FMR by county

FY 2027 two-bedroom fair market rent by county in Iowa
County	2BR	Change	HUD FMR area
Harrison County	$1,450	+6.0%	Omaha-Council Bluffs, NE-IA HUD Metro FMR Area
Mills County	$1,450	+6.0%	Omaha-Council Bluffs, NE-IA HUD Metro FMR Area
Pottawattamie County	$1,450	+6.0%	Omaha-Council Bluffs, NE-IA HUD Metro FMR Area
Dallas County	$1,360	+3.2%	Des Moines-West Des Moines, IA HUD Metro FMR Area
Guthrie County	$1,360	+3.2%	Des Moines-West Des Moines, IA HUD Metro FMR Area
Madison County	$1,360	+3.2%	Des Moines-West Des Moines, IA HUD Metro FMR Area
Polk County	$1,360	+3.2%	Des Moines-West Des Moines, IA HUD Metro FMR Area
Warren County	$1,360	+3.2%	Des Moines-West Des Moines, IA HUD Metro FMR Area
Woodbury County	$1,194	+3.5%	Sioux City, IA-NE-SD MSA
Johnson County	$1,180	+3.4%	Iowa City, IA HUD Metro FMR Area
Dubuque County	$1,131	+5.0%	Dubuque, IA MSA
Des Moines County	$1,104	+3.9%	Non-metro
Black Hawk County	$1,096	+4.3%	Waterloo-Cedar Falls, IA HUD Metro FMR Area
Grundy County	$1,096	+4.3%	Waterloo-Cedar Falls, IA HUD Metro FMR Area
Jefferson County	$1,096	+1.1%	Non-metro
Muscatine County	$1,093	+2.1%	Non-metro
Dickinson County	$1,091	0.0%	Non-metro
Wapello County	$1,076	+0.7%	Non-metro
Davis County	$1,066	+2.2%	Non-metro
Story County	$1,061	−8.0%	Ames, IA HUD Metro FMR Area
Scott County	$1,056	−7.6%	Davenport-Moline-Rock Island, IA-IL MSA
Linn County	$1,054	−1.6%	Cedar Rapids, IA HUD Metro FMR Area
Buena Vista County	$1,031	+2.1%	Non-metro
Bremer County	$1,023	+4.6%	Bremer County, IA HUD Metro FMR Area
Marion County	$1,021	+0.5%	Non-metro
Plymouth County	$1,018	+3.9%	Non-metro
Poweshiek County	$1,014	+2.6%	Non-metro
Hamilton County	$1,004	+1.0%	Non-metro
Washington County	$1,002	+4.2%	Washington County, IA HUD Metro FMR Area
Sioux County	$1,000	+3.0%	Non-metro
Jasper County	$989	−1.9%	Jasper County, IA HUD Metro FMR Area
Benton County	$982	+2.7%	Benton County, IA HUD Metro FMR Area
Lee County	$976	+1.5%	Non-metro
Cedar County	$969	+0.3%	Non-metro
Boone County	$967	−5.8%	Boone County, IA HUD Metro FMR Area
Henry County	$958	+2.0%	Non-metro
Adair County	$954	+3.0%	Non-metro
Kossuth County	$954	+3.8%	Non-metro
Lucas County	$951	−2.5%	Non-metro
Van Buren County	$950	+3.4%	Non-metro
Clarke County	$946	+2.9%	Non-metro
Mahaska County	$946	−0.1%	Non-metro
Lyon County	$945	+2.8%	Non-metro
Tama County	$945	+0.4%	Non-metro
Wright County	$944	+2.7%	Non-metro
Adams County	$943	+1.1%	Non-metro
Fayette County	$940	+2.3%	Non-metro
Marshall County	$940	−2.0%	Non-metro
Buchanan County	$937	−0.5%	Non-metro
Allamakee County	$927	+0.9%	Non-metro
Appanoose County	$927	+0.9%	Non-metro
Audubon County	$927	+0.9%	Non-metro
Butler County	$927	+0.9%	Non-metro
Calhoun County	$927	+0.9%	Non-metro
Carroll County	$927	+0.9%	Non-metro
Cass County	$927	+0.9%	Non-metro
Cerro Gordo County	$927	−2.3%	Non-metro
Cherokee County	$927	+0.9%	Non-metro
Chickasaw County	$927	+0.9%	Non-metro
Clay County	$927	+0.9%	Non-metro
Clayton County	$927	+0.9%	Non-metro
Clinton County	$927	−3.0%	Non-metro
Crawford County	$927	+0.9%	Non-metro
Decatur County	$927	+0.9%	Non-metro
Delaware County	$927	+0.9%	Non-metro
Emmet County	$927	+0.9%	Non-metro
Floyd County	$927	+0.9%	Non-metro
Franklin County	$927	+0.9%	Non-metro
Fremont County	$927	+0.9%	Non-metro
Greene County	$927	+0.9%	Non-metro
Hancock County	$927	+0.9%	Non-metro
Hardin County	$927	+0.9%	Non-metro
Howard County	$927	+0.9%	Non-metro
Humboldt County	$927	+0.9%	Non-metro
Ida County	$927	+0.9%	Non-metro
Iowa County	$927	+0.9%	Non-metro
Jackson County	$927	+0.9%	Non-metro
Jones County	$927	+0.9%	Jones County, IA HUD Metro FMR Area
Keokuk County	$927	+0.9%	Non-metro
Louisa County	$927	+0.9%	Non-metro
Mitchell County	$927	+0.9%	Non-metro
Monona County	$927	+0.9%	Non-metro
Monroe County	$927	+0.9%	Non-metro
Montgomery County	$927	+0.9%	Non-metro
O'Brien County	$927	+0.9%	Non-metro
Osceola County	$927	+0.9%	Non-metro
Page County	$927	+0.9%	Non-metro
Palo Alto County	$927	+0.9%	Non-metro
Pocahontas County	$927	+0.9%	Non-metro
Ringgold County	$927	+0.9%	Non-metro
Sac County	$927	+0.9%	Non-metro
Shelby County	$927	+0.9%	Non-metro
Taylor County	$927	+0.9%	Non-metro
Union County	$927	+0.9%	Non-metro
Wayne County	$927	+0.9%	Non-metro
Webster County	$927	+0.9%	Non-metro
Winnebago County	$927	+0.9%	Non-metro
Winneshiek County	$927	+0.9%	Non-metro
Worth County	$927	+0.9%	Non-metro

HUD metro FMR areas

FY 2027 two-bedroom fair market rent by HUD metro area in Iowa
Metro area	Counties	2BR
Omaha-Council Bluffs, NE-IA HUD Metro FMR Area	3	$1,450
Des Moines-West Des Moines, IA HUD Metro FMR Area	5	$1,360
Sioux City, IA-NE-SD MSA	1	$1,194
Iowa City, IA HUD Metro FMR Area	1	$1,180
Dubuque, IA MSA	1	$1,131
Waterloo-Cedar Falls, IA HUD Metro FMR Area	2	$1,096
Ames, IA HUD Metro FMR Area	1	$1,061
Davenport-Moline-Rock Island, IA-IL MSA	1	$1,056
Cedar Rapids, IA HUD Metro FMR Area	1	$1,054
Bremer County, IA HUD Metro FMR Area	1	$1,023
Washington County, IA HUD Metro FMR Area	1	$1,002
Jasper County, IA HUD Metro FMR Area	1	$989
Benton County, IA HUD Metro FMR Area	1	$982
Boone County, IA HUD Metro FMR Area	1	$967
Jones County, IA HUD Metro FMR Area	1	$927

Questions about Iowa rents

What is the fair market rent in Iowa?

HUD sets fair market rents by metro area and county, not statewide. For FY 2027 the median county two-bedroom FMR in Iowa is $927. Look up the county or ZIP code to see the value that applies to a specific property.

Which Iowa counties have the highest fair market rent?

For FY 2027, the highest two-bedroom FMRs are in Harrison County ($1,450), Mills County ($1,450), Pottawattamie County ($1,450).

Does Iowa use Small Area Fair Market Rents?

Yes, in part. HUD requires Small Area FMRs in 165 ZIP codes across 4 metro areas, led by the Des Moines-West Des Moines, IA HUD Metro FMR Area; Omaha-Council Bluffs, NE-IA HUD Metro FMR Area; Boone County, IA HUD Metro FMR Area. Elsewhere, housing authorities use the metro or county FMR unless they choose to adopt Small Area FMRs.

Source: HUD FY 2027 Fair Market Rents. Change compares each county's two-bedroom FMR with FY 2026.

Iowa counties Iowa cities Iowa ZIP codes What is FMR?

Data source: U.S. Department of Housing and Urban Development (HUD)

Fiscal Year 2027