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Bremer County/Waverly/50677

50677

ZIPSAFMR
Bremer County, IA
Zillow

ZIP Investment Score

44Below average

095130300
BRFMR
Eff. Rent
0 BR$770$770
1 BR$840$920
2 BR$1,100$1,020
3 BR$1,440$1,080
4 BR$1,450$1,190
5 BR$1,667Not available
6 BR$1,918Not available
7 BR$2,205Not available
8 BR$2,536Not available

Purchase Price Calculator

Maximum purchase price
$89,655

Cost breakdown

+Likely effective rent$1,020
HUD FMR$1,100
Market rentUsed$1,020
Est. payment standard (95%)$1,050
-Principal and interest-$453
Loan amount$71,724
Down payment$17,931
Rate6.50%
Term30 years
-Operating costs-$367
Property taxes-$90
Insurance-$175
Utilities$0
HOA$0
Management-$102
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,663(92.9% ROI)
Projected value
$96,549
Return breakdown
Property appreciation+$6,894
Loan principal paid down+$2,570
Rental cash flow+$7,200
5-year hold
+$28,364(158.2% ROI)
Projected value
$101,437
Return breakdown
Property appreciation+$11,781
Loan principal paid down+$4,582
Rental cash flow+$12,000
10-year hold
+$60,030(334.8% ROI)
Projected value
$114,766
Return breakdown
Property appreciation+$25,111
Loan principal paid down+$10,919
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

1 BR
0.84
2 BR
1.08
3 BR
1.33
4 BR
1.22
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 50677 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 50677 (Waverly, IA) is $1,100 a month. That is up 3.8% from $1,060 in FY 2026. Waverly is in the Bremer 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 $1,023. Among 16 ZIP codes in Bremer County, 50677 has the 3rd-highest two-bedroom rent (county range $930–$1,310). The median county two-bedroom FMR in Iowa is $927, so ZIP 50677 is 19% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 50677
BedroomsFY 2027Change90–110% range
Studio$770+5.5%$693–$847
1BR$840+3.7%$756–$924
2BR$1,100+3.8%$990–$1,210
3BR$1,440+2.9%$1,296–$1,584
4BR$1,450+2.8%$1,305–$1,595

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 50677
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$770$840$1,100$1,440$1,450
FY 2026$730$810$1,060$1,400$1,410
FY 2025$710$760$1,000$1,300$1,330
FY 2024$700$730$960$1,240$1,280
FY 2023$670$690$910$1,140$1,220

Two-bedroom rent in nearby Bremer County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 50677
50630$930−15.5%
50631$1,020−7.3%
50645$1,010−8.2%
50647$1,150+4.5%
50658$930−15.5%
50664$960−12.7%
50666$930−15.5%
50668$950−13.6%
50670$1,080−1.8%
50674$1,090−0.9%
50676$990−10.0%
50677Current$1,100—

Questions about ZIP 50677 rents

How much will Section 8 pay for a two-bedroom in ZIP 50677?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,023, which applies unless the housing authority uses Small Area FMRs, that basic range is $921 to $1,125 a month; under the ZIP-level Small Area FMR of $1,100 it would be $990 to $1,210. 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 50677 in?

ZIP 50677 is in the Bremer County, IA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,023.

How much did fair market rent change in ZIP 50677 for FY 2027?

The two-bedroom FMR rose 3.8%, from $1,060 in FY 2026 to $1,100 in FY 2027. Since FY 2023 it has risen 20.9%.

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