52409

ZIPSAFMR

Linn County, IA

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$730	$670	4.5%
1 BR	$800	$800	3.6%
2 BR	$1,050	$1,080	3.8%
3 BR	$1,450	$1,500	3.2%
4 BR	$1,760	$1,880	3.2%
5 BR	$2,024	Not available	3.2%
6 BR	$2,328	Not available	3.2%
7 BR	$2,677	Not available	3.2%
8 BR	$3,078	Not available	3.2%

Purchase Price Calculator

Maximum purchase price

$98,571

Cost breakdown

+Likely effective rent$1,080

HUD FMR$1,050

Market rent$1,090

Est. payment standard (102%)Used$1,080

-Principal and interest-$498

Loan amount$78,857

Down payment$19,714

Rate6.50%

Term30 years

-Operating costs-$382

Property taxes-$99

Insurance-$175

Utilities$0

HOA$0

Management-$108

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$17,604(89.3% ROI)

Projected value

$106,150

Return breakdown

Property appreciation+$7,579

Loan principal paid down+$2,825

Rental cash flow+$7,200

5-year hold

+$29,991(152.1% ROI)

Projected value

$111,524

Return breakdown

Property appreciation+$12,953

Loan principal paid down+$5,038

Rental cash flow+$12,000

10-year hold

+$63,613(322.7% ROI)

Projected value

$126,179

Return breakdown

Property appreciation+$27,608

Loan principal paid down+$12,005

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.09ratio

FMR$730

Market$670

vs market+$60

FMR is near market; voucher and private rents are aligned.

1.09

1 BR

1.00ratio

FMR$800

Market$800

vs market+$0

FMR is near market; voucher and private rents are aligned.

1.00

2 BR

0.96ratio

FMR$1,050

Market$1,090

vs market-$40

FMR is near market; voucher and private rents are aligned.

0.96

3 BR

0.95ratio

FMR$1,450

Market$1,530

vs market-$80

FMR is near market; voucher and private rents are aligned.

0.95

4 BR

0.90ratio

FMR$1,760

Market$1,950

vs market-$190

FMR is near market; voucher and private rents are aligned.

0.90

0.700.800.901.001.101.201.30aligned range

Historical

FY 2023-2027

FMR: FY2027
Market rent: last ~365 days
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 52409 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 52409 (Cedar Rapids, IA) is $1,050 a month. That is down 1.9% from $1,070 in 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, 52409 is tied for the 14th-highest two-bedroom rent (county range $970–$1,580). The median county two-bedroom FMR in Iowa is $927, so ZIP 52409 is 13% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 52409
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$740	$730	−1.4%	$657–$803
1BR	$820	$800	−2.4%	$720–$880
2BR	$1,070	$1,050	−1.9%	$945–$1,155
3BR	$1,490	$1,450	−2.7%	$1,305–$1,595
4BR	$1,790	$1,760	−1.7%	$1,584–$1,936

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 52409
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$730	$800	$1,050	$1,450	$1,760
FY 2026	$740	$820	$1,070	$1,490	$1,790
FY 2025	$680	$750	$990	$1,390	$1,660
FY 2024	$640	$720	$940	$1,320	$1,600
FY 2023	$620	$700	$920	$1,310	$1,570

Two-bedroom rent in nearby Linn County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 52409
52351	$1,410	+34.3%
52352	$1,050	0.0%
52401	$970	−7.6%
52402	$1,170	+11.4%
52403	$1,020	−2.9%
52404	$1,080	+2.9%
52405	$1,220	+16.2%
52406	$1,050	0.0%
52408	$1,050	0.0%
52409Current	$1,050	—
52410	$1,050	0.0%
52411	$1,010	−3.8%

Questions about ZIP 52409 rents

How much will Section 8 pay for a two-bedroom in ZIP 52409?

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 $1,050 it would be $945 to $1,155. 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 52409 in?

ZIP 52409 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 52409 for FY 2027?

The two-bedroom FMR fell 1.9%, from $1,070 in FY 2026 to $1,050 in FY 2027. Since FY 2023 it has risen 14.1%.

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 rent Cedar Rapids, IA fair market rent IA statewide rents What is SAFMR?Data sources