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Allamakee County/Decorah/52101

52101

ZIPSAFMR
Allamakee County, IA
Zillow

ZIP Investment Score

47Below average

095130300
BRFMR
Eff. Rent
0 BR$700$770
1 BR$720$790
2 BR$940$1,030
3 BR$1,230$1,350
4 BR$1,260$1,260
5 BR$1,449Not available
6 BR$1,666Not available
7 BR$1,916Not available
8 BR$2,204Not available

Purchase Price Calculator

Maximum purchase price
$91,141

Cost breakdown

+Likely effective rent$1,030
HUD FMR$940
Market rent$1,370
Est. payment standard (110%)Used$1,030
-Principal and interest-$461
Loan amount$72,913
Down payment$18,228
Rate6.50%
Term30 years
-Operating costs-$369
Property taxes-$91
Insurance-$175
Utilities$0
HOA$0
Management-$103
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,820(92.3% ROI)
Projected value
$98,149
Return breakdown
Property appreciation+$7,008
Loan principal paid down+$2,612
Rental cash flow+$7,200
5-year hold
+$28,635(157.1% ROI)
Projected value
$103,118
Return breakdown
Property appreciation+$11,977
Loan principal paid down+$4,658
Rental cash flow+$12,000
10-year hold
+$60,627(332.6% ROI)
Projected value
$116,668
Return breakdown
Property appreciation+$25,527
Loan principal paid down+$11,100
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.56
1 BR
0.55
2 BR
0.69
3 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 52101 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 52101 (Decorah, IA) is $940 a month. That is unchanged from FY 2026. Decorah is in the Allamakee County, IA non-metropolitan 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 county-wide two-bedroom FMR of $927. Among 10 ZIP codes in Allamakee County, 52101 has the 7th-highest two-bedroom rent (county range $930–$1,100). The median county two-bedroom FMR in Iowa is $927, so ZIP 52101 is 1% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 52101
BedroomsFY 2027Change90–110% range
Studio$7000.0%$630–$770
1BR$7200.0%$648–$792
2BR$9400.0%$846–$1,034
3BR$1,230−0.8%$1,107–$1,353
4BR$1,260+0.8%$1,134–$1,386

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 52101
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$700$720$940$1,230$1,260
FY 2026$700$720$940$1,240$1,250
FY 2025$660$690$900$1,190$1,200
FY 2024area FMR$630$656$862$1,103$1,221
FY 2023area FMR$581$604$795$1,024$1,109

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Allamakee County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 52101
52101Current$940—
52140$1,010+7.4%
52146$930−1.1%
52151$930−1.1%
52156$1,100+17.0%
52159$1,030+9.6%
52160$990+5.3%
52162$930−1.1%
52170$970+3.2%
52172$1,050+11.7%

Questions about ZIP 52101 rents

How much will Section 8 pay for a two-bedroom in ZIP 52101?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $927, which applies unless the housing authority uses Small Area FMRs, that basic range is $834 to $1,020 a month; under the ZIP-level Small Area FMR of $940 it would be $846 to $1,034. 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 52101 in?

ZIP 52101 is in the Allamakee County, IA non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $927.

How much did fair market rent change in ZIP 52101 for FY 2027?

The two-bedroom FMR was unchanged at $940 in FY 2027. Since FY 2025 it has risen 4.4%.

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