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Black Hawk County/Hudson/50643

50643

ZIPSAFMR
Black Hawk County, IA
Zillow

ZIP Investment Score

65Below average

095130300
BRFMR
Eff. Rent
0 BR$800$800
1 BR$880$830
2 BR$1,150$1,050
3 BR$1,470$1,310
4 BR$1,920$1,230
5 BR$2,208Not available
6 BR$2,539Not available
7 BR$2,920Not available
8 BR$3,358Not available

Purchase Price Calculator

Maximum purchase price
$94,113

Cost breakdown

+Likely effective rent$1,050
HUD FMR$1,150
Market rentUsed$1,050
Est. payment standard (94%)$1,090
-Principal and interest-$476
Loan amount$75,290
Down payment$18,823
Rate6.50%
Term30 years
-Operating costs-$374
Property taxes-$94
Insurance-$175
Utilities$0
HOA$0
Management-$105
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$17,134(91.0% ROI)
Projected value
$101,349
Return breakdown
Property appreciation+$7,236
Loan principal paid down+$2,697
Rental cash flow+$7,200
5-year hold
+$29,178(155.0% ROI)
Projected value
$106,480
Return breakdown
Property appreciation+$12,367
Loan principal paid down+$4,810
Rental cash flow+$12,000
10-year hold
+$61,822(328.4% ROI)
Projected value
$120,473
Return breakdown
Property appreciation+$26,360
Loan principal paid down+$11,462
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.00
1 BR
1.06
2 BR
1.10
3 BR
1.12
4 BR
1.56
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 50643 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 50643 (Hudson, IA) is $1,150 a month. That is unchanged from FY 2026. Hudson is in the Waterloo-Cedar Falls, 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 $1,096. Among 20 ZIP codes in Black Hawk County, 50643 is tied for the 2nd-highest two-bedroom rent (county range $950–$1,310). The median county two-bedroom FMR in Iowa is $927, so ZIP 50643 is 24% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 50643
BedroomsFY 2027Change90–110% range
Studio$800+1.3%$720–$880
1BR$8800.0%$792–$968
2BR$1,1500.0%$1,035–$1,265
3BR$1,470−0.7%$1,323–$1,617
4BR$1,920−0.5%$1,728–$2,112

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 50643
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$800$880$1,150$1,470$1,920
FY 2026$790$880$1,150$1,480$1,930
FY 2025$750$840$1,100$1,440$1,850
FY 2024$730$840$1,070$1,420$1,820
FY 2023$700$820$1,040$1,380$1,770

Two-bedroom rent in nearby Black Hawk County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 50643
50622$950−17.4%
50623$1,010−12.2%
50626$950−17.4%
50629$950−17.4%
50634$950−17.4%
50643Current$1,150—
50647$1,1500.0%
50648$1,000−13.0%
50651$1,020−11.3%
50667$1,050−8.7%
50668$950−17.4%
50669$950−17.4%

Questions about ZIP 50643 rents

How much will Section 8 pay for a two-bedroom in ZIP 50643?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,096, which applies unless the housing authority uses Small Area FMRs, that basic range is $986 to $1,206 a month; under the ZIP-level Small Area FMR of $1,150 it would be $1,035 to $1,265. 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 50643 in?

ZIP 50643 is in the Waterloo-Cedar Falls, IA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,096.

How much did fair market rent change in ZIP 50643 for FY 2027?

The two-bedroom FMR was unchanged at $1,150 in FY 2027. Since FY 2023 it has risen 10.6%.

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