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Johnson County/Tiffin/52340

52340

ZIPSAFMR
Johnson County, IA
Zillow

ZIP Investment Score

71Below average

095130300
BRFMR
Eff. Rent
0 BR$1,050$1,160
1 BR$1,120$1,230
2 BR$1,320$1,450
3 BR$1,830$1,840
4 BR$2,210$2,270
5 BR$2,542Not available
6 BR$2,923Not available
7 BR$3,361Not available
8 BR$3,865Not available

Purchase Price Calculator

Maximum purchase price
$153,553

Cost breakdown

+Likely effective rent$1,450
HUD FMR$1,320
Market rent$1,650
Est. payment standard (110%)Used$1,450
-Principal and interest-$776
Loan amount$122,842
Down payment$30,711
Rate6.50%
Term30 years
-Operating costs-$474
Property taxes-$154
Insurance-$175
Utilities$0
HOA$0
Management-$145
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,408(76.2% ROI)
Projected value
$165,360
Return breakdown
Property appreciation+$11,807
Loan principal paid down+$4,401
Rental cash flow+$7,200
5-year hold
+$40,027(130.3% ROI)
Projected value
$173,731
Return breakdown
Property appreciation+$20,178
Loan principal paid down+$7,848
Rental cash flow+$12,000
10-year hold
+$85,709(279.1% ROI)
Projected value
$196,561
Return breakdown
Property appreciation+$43,008
Loan principal paid down+$18,701
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.85
1 BR
0.86
2 BR
0.80
3 BR
0.99
4 BR
0.96
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 52340 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 52340 (Tiffin, IA) is $1,320 a month. That is up 3.9% from $1,270 in FY 2026. Tiffin is in the Iowa City, 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 $1,180. Among 27 ZIP codes in Johnson County, 52340 has the 3rd-highest two-bedroom rent (county range $1,030–$1,580). The median county two-bedroom FMR in Iowa is $927, so ZIP 52340 is 42% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 52340
BedroomsFY 2027Change90–110% range
Studio$1,050+7.1%$945–$1,155
1BR$1,120+4.7%$1,008–$1,232
2BR$1,320+3.9%$1,188–$1,452
3BR$1,830+3.4%$1,647–$2,013
4BR$2,210+3.8%$1,989–$2,431

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 52340
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,050$1,120$1,320$1,830$2,210
FY 2026$980$1,070$1,270$1,770$2,130
FY 2025$870$980$1,180$1,650$1,980
FY 2024$840$970$1,160$1,630$1,970
FY 2023$850$970$1,180$1,680$2,010

Two-bedroom rent in nearby Johnson County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 52340
52253$1,030−22.0%
52314$1,030−22.0%
52317$1,310−0.8%
52322$1,030−22.0%
52325$1,030−22.0%
52327$1,140−13.6%
52333$1,280−3.0%
52338$1,170−11.4%
52340Current$1,320—
52356$1,030−22.0%
52358$1,160−12.1%
52404$1,080−18.2%

Questions about ZIP 52340 rents

How much will Section 8 pay for a two-bedroom in ZIP 52340?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,180, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,062 to $1,298 a month; under the ZIP-level Small Area FMR of $1,320 it would be $1,188 to $1,452. 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 52340 in?

ZIP 52340 is in the Iowa City, IA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,180.

How much did fair market rent change in ZIP 52340 for FY 2027?

The two-bedroom FMR rose 3.9%, from $1,270 in FY 2026 to $1,320 in FY 2027. Since FY 2023 it has risen 11.9%.

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