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Black Hawk County/Cedar Falls/50614

50614

ZIPFMR
Black Hawk County, IA
Zillow
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$763$690
1 BR$838$780
2 BR$1,096$920
3 BR$1,401$1,120
4 BR$1,832$1,340
5 BR$2,107Not available
6 BR$2,423Not available
7 BR$2,786Not available
8 BR$3,204Not available

Purchase Price Calculator

Maximum purchase price
$74,795

Cost breakdown

+Likely effective rent$920
HUD FMR$1,096
Market rentUsed$920
Est. payment standard (90%)$990
-Principal and interest-$378
Loan amount$59,836
Down payment$14,959
Rate6.50%
Term30 years
-Operating costs-$342
Property taxes-$75
Insurance-$175
Utilities$0
HOA$0
Management-$92
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$15,095(100.9% ROI)
Projected value
$80,546
Return breakdown
Property appreciation+$5,751
Loan principal paid down+$2,144
Rental cash flow+$7,200
5-year hold
+$25,652(171.5% ROI)
Projected value
$84,624
Return breakdown
Property appreciation+$9,829
Loan principal paid down+$3,823
Rental cash flow+$12,000
10-year hold
+$54,058(361.4% ROI)
Projected value
$95,744
Return breakdown
Property appreciation+$20,949
Loan principal paid down+$9,109
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.11
1 BR
1.07
2 BR
1.19
3 BR
1.25
4 BR
1.37
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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ZIP 50614 fair market rent, FY 2027

For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 50614 (Cedar Falls, IA) is $1,096 a month. That is up 4.3% from $1,051 in FY 2026. Cedar Falls is in the Waterloo-Cedar Falls, IA HUD Metro FMR Area. The median county two-bedroom FMR in Iowa is $927, so ZIP 50614 is 18% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 50614
BedroomsFY 2027Change90–110% range
Studio$763+5.2%$687–$839
1BR$838+4.6%$754–$922
2BR$1,096+4.3%$986–$1,206
3BR$1,401+3.2%$1,261–$1,541
4BR$1,832+3.9%$1,649–$2,015

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 50614
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$763$838$1,096$1,401$1,832
FY 2026$725$801$1,051$1,357$1,763
FY 2025$684$760$997$1,301$1,674
FY 2024$640$737$944$1,250$1,602
FY 2023$629$740$934$1,241$1,591

Questions about ZIP 50614 rents

How much will Section 8 pay for a two-bedroom in ZIP 50614?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,096, that basic range is $986 to $1,206 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 ZIP 50614 in?

ZIP 50614 is in the Waterloo-Cedar Falls, IA HUD Metro FMR Area. Small Area FMRs are not mandatory in this area.

How much did fair market rent change in ZIP 50614 for FY 2027?

The two-bedroom FMR rose 4.3%, from $1,051 in FY 2026 to $1,096 in FY 2027. Since FY 2023 it has risen 17.3%.

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 Fair Market Rents. 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 rentCedar Falls, IA fair market rentIA statewide rentsWhat is SAFMR?Data sources