Skip to main content
Loading page
Linn County/Cedar Rapids/52405

52405

ZIPSAFMR
Linn County, IA
Zillow

ZIP Investment Score

115Above average

095130300
BRFMR
Eff. Rent
0 BR$850$730
1 BR$930$930
2 BR$1,220$910
3 BR$1,690$1,520
4 BR$2,040$1,850
5 BR$2,346Not available
6 BR$2,698Not available
7 BR$3,103Not available
8 BR$3,568Not available

Purchase Price Calculator

Maximum purchase price
$73,309

Cost breakdown

+Likely effective rent$910
HUD FMR$1,220
Market rentUsed$910
Est. payment standard (90%)$1,100
-Principal and interest-$371
Loan amount$58,647
Down payment$14,662
Rate6.50%
Term30 years
-Operating costs-$339
Property taxes-$73
Insurance-$175
Utilities$0
HOA$0
Management-$91
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$14,938(101.9% ROI)
Projected value
$78,946
Return breakdown
Property appreciation+$5,637
Loan principal paid down+$2,101
Rental cash flow+$7,200
5-year hold
+$25,380(173.1% ROI)
Projected value
$82,943
Return breakdown
Property appreciation+$9,633
Loan principal paid down+$3,747
Rental cash flow+$12,000
10-year hold
+$53,461(364.6% ROI)
Projected value
$93,842
Return breakdown
Property appreciation+$20,533
Loan principal paid down+$8,928
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.16
1 BR
1.00
2 BR
1.34
3 BR
1.11
4 BR
1.10
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 52405 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 52405 (Cedar Rapids, IA) is $1,220 a month. That is unchanged from FY 2026. Cedar Rapids is in the Cedar Rapids, 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 $1,054. Among 35 ZIP codes in Linn County, 52405 has the 4th-highest two-bedroom rent (county range $970–$1,580). The median county two-bedroom FMR in Iowa is $927, so ZIP 52405 is 32% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 52405
BedroomsFY 2027Change90–110% range
Studio$850+1.2%$765–$935
1BR$9300.0%$837–$1,023
2BR$1,2200.0%$1,098–$1,342
3BR$1,690−0.6%$1,521–$1,859
4BR$2,040−0.5%$1,836–$2,244

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 52405
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$850$930$1,220$1,690$2,040
FY 2026$840$930$1,220$1,700$2,050
FY 2025$780$870$1,140$1,600$1,910
FY 2024$730$810$1,070$1,510$1,820
FY 2023$700$790$1,040$1,480$1,770

Two-bedroom rent in nearby Linn County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 52405
52351$1,410+15.6%
52352$1,050−13.9%
52401$970−20.5%
52402$1,170−4.1%
52403$1,020−16.4%
52404$1,080−11.5%
52405Current$1,220—
52406$1,050−13.9%
52408$1,050−13.9%
52409$1,050−13.9%
52410$1,050−13.9%
52411$1,010−17.2%

Questions about ZIP 52405 rents

How much will Section 8 pay for a two-bedroom in ZIP 52405?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,054, which applies unless the housing authority uses Small Area FMRs, that basic range is $949 to $1,159 a month; under the ZIP-level Small Area FMR of $1,220 it would be $1,098 to $1,342. 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 52405 in?

ZIP 52405 is in the Cedar Rapids, IA HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,054.

How much did fair market rent change in ZIP 52405 for FY 2027?

The two-bedroom FMR was unchanged at $1,220 in FY 2027. Since FY 2023 it has risen 17.3%.

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