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Jasper County/Monroe/50170

50170

ZIPSAFMR
Jasper County, IA
Zillow

ZIP Investment Score

51Below average

095130300
BRFMR
Eff. Rent
0 BR$720$720
1 BR$740$740
2 BR$930$930
3 BR$1,230$1,230
4 BR$1,300$1,300
5 BR$1,495Not available
6 BR$1,719Not available
7 BR$1,977Not available
8 BR$2,274Not available

Purchase Price Calculator

Maximum purchase price
$76,281

Cost breakdown

+Likely effective rent$930
HUD FMRUsed$930
Market rentN/A
Est. payment standardN/A
-Principal and interest-$386
Loan amount$61,025
Down payment$15,256
Rate6.50%
Term30 years
-Operating costs-$344
Property taxes-$76
Insurance-$175
Utilities$0
HOA$0
Management-$93
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$15,252(100.0% ROI)
Projected value
$82,146
Return breakdown
Property appreciation+$5,865
Loan principal paid down+$2,186
Rental cash flow+$7,200
5-year hold
+$25,923(169.9% ROI)
Projected value
$86,305
Return breakdown
Property appreciation+$10,024
Loan principal paid down+$3,899
Rental cash flow+$12,000
10-year hold
+$54,656(358.3% ROI)
Projected value
$97,646
Return breakdown
Property appreciation+$21,365
Loan principal paid down+$9,290
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
--
Mortgage rate
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ZIP 50170 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 50170 (Monroe, IA) is $930 a month. That is down 2.1% from $950 in FY 2026. Monroe is in the Jasper County, 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 $989. Among 23 ZIP codes in Jasper County, 50170 is tied for the 20th-highest two-bedroom rent (county range $930–$1,410).

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 50170
BedroomsFY 2027Change90–110% range
Studio$720−1.4%$648–$792
1BR$7400.0%$666–$814
2BR$930−2.1%$837–$1,023
3BR$1,230−2.4%$1,107–$1,353
4BR$1,300+0.8%$1,170–$1,430

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 50170
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$720$740$930$1,230$1,300
FY 2026$730$740$950$1,260$1,290
FY 2025$660$680$880$1,170$1,220
FY 2024$650$660$860$1,200$1,240
FY 2023$590$600$800$1,100$1,180

Two-bedroom rent in nearby Jasper County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 50170
50127$1,020+9.7%
50135$1,010+8.6%
50137$970+4.3%
50141$1,040+11.8%
50153$9300.0%
50161$1,000+7.5%
50162$1,410+51.6%
50168$1,000+7.5%
50169$960+3.2%
50170Current$930—
50208$1,000+7.5%
50214$1,030+10.8%

Questions about ZIP 50170 rents

How much will Section 8 pay for a two-bedroom in ZIP 50170?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $989, which applies unless the housing authority uses Small Area FMRs, that basic range is $890 to $1,088 a month; under the ZIP-level Small Area FMR of $930 it would be $837 to $1,023. 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 ZIP 50170 in?

ZIP 50170 is in the Jasper County, IA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $989.

How much did fair market rent change in ZIP 50170 for FY 2027?

The two-bedroom FMR fell 2.1%, from $950 in FY 2026 to $930 in FY 2027. Since FY 2023 it has risen 16.3%.

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

County fair market rentMonroe, IA fair market rentIA statewide rentsWhat is SAFMR?Data sources