Skip to main content
Loading page
Woodbury County/Sioux City/51103

51103

ZIPSAFMR
Woodbury County, IA
Zillow

ZIP Investment Score

122Above average

095130300
BRFMR
Eff. Rent
0 BR$810$780
1 BR$940$990
2 BR$1,160$1,230
3 BR$1,410$1,490
4 BR$1,570$1,730
5 BR$1,805Not available
6 BR$2,076Not available
7 BR$2,388Not available
8 BR$2,746Not available

Purchase Price Calculator

Maximum purchase price
$120,861

Cost breakdown

+Likely effective rent$1,230
HUD FMR$1,160
Market rent$1,270
Est. payment standard (106%)Used$1,230
-Principal and interest-$611
Loan amount$96,689
Down payment$24,172
Rate6.50%
Term30 years
-Operating costs-$419
Property taxes-$121
Insurance-$175
Utilities$0
HOA$0
Management-$123
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,957(82.6% ROI)
Projected value
$130,154
Return breakdown
Property appreciation+$9,293
Loan principal paid down+$3,464
Rental cash flow+$7,200
5-year hold
+$34,060(140.9% ROI)
Projected value
$136,743
Return breakdown
Property appreciation+$15,882
Loan principal paid down+$6,177
Rental cash flow+$12,000
10-year hold
+$72,571(300.2% ROI)
Projected value
$154,712
Return breakdown
Property appreciation+$33,851
Loan principal paid down+$14,720
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.04
1 BR
0.93
2 BR
0.91
3 BR
0.92
4 BR
0.84
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 51103 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 51103 (Sioux City, IA) is $1,160 a month. That is up 2.7% from $1,130 in FY 2026. Sioux City is in the Sioux City, IA-NE-SD MSA. 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 $1,194. Among 29 ZIP codes in Woodbury County, 51103 is tied for the 7th-highest two-bedroom rent (county range $1,040–$1,540). The median county two-bedroom FMR in Iowa is $927, so ZIP 51103 is 25% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 51103
BedroomsFY 2027Change90–110% range
Studio$810+3.8%$729–$891
1BR$940+3.3%$846–$1,034
2BR$1,160+2.7%$1,044–$1,276
3BR$1,410+3.7%$1,269–$1,551
4BR$1,570+4.7%$1,413–$1,727

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 51103
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$810$940$1,160$1,410$1,570
FY 2026$780$910$1,130$1,360$1,500
FY 2025$720$820$1,050$1,270$1,390
FY 2024$690$790$1,020$1,240$1,360
FY 2023$640$720$950$1,170$1,280

Two-bedroom rent in nearby Woodbury County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 51103
51056$1,040−10.3%
51061$1,040−10.3%
51063$1,040−10.3%
51101$1,040−10.3%
51102$1,170+0.9%
51103Current$1,160—
51104$1,1600.0%
51105$1,040−10.3%
51106$1,290+11.2%
51108$1,490+28.4%
51109$1,040−10.3%
51111$1,230+6.0%

Questions about ZIP 51103 rents

How much will Section 8 pay for a two-bedroom in ZIP 51103?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,194, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,075 to $1,313 a month; under the ZIP-level Small Area FMR of $1,160 it would be $1,044 to $1,276. 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 51103 in?

ZIP 51103 is in the Sioux City, IA-NE-SD MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,194.

How much did fair market rent change in ZIP 51103 for FY 2027?

The two-bedroom FMR rose 2.7%, from $1,130 in FY 2026 to $1,160 in FY 2027. Since FY 2023 it has risen 22.1%.

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