FY2027 Small Area FMR · Ames, IA

ZIP 50013 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 50013 (Ames, IA) is $1,200 a month, down 7.7% from FY2026. That is 13% above the Ames, IA area-wide FMR of $1,061.

2-bedroom SAFMR$1,200per month ▼ 7.7%

Area-wide 2 BR FMR$1,061Ames, IA

Rank in the area4thof 26 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,080

2 BR Small Area FMR$1,200

110% of SAFMR$1,320

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,000▼ 8.3%

1 BR$1,060▼ 7.8%

2 BR$1,200▼ 7.7%

3 BR$1,670▼ 7.2%

4 BR$1,990▼ 8.3%

FY2027 FY2026

Where 50013 sits in the Ames, IA area

Of the 26 ZIP codes HUD lists for the area, 50013 has the 4th highest two-bedroom Small Area FMR. Ames, IA is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,061 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,200 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,000	$900 – $1,100	$891	$1,090
1 bedroom	$1,060	$954 – $1,166	$944	$1,150
2 bedrooms	$1,200	$1,080 – $1,320	$1,061	$1,300
3 bedrooms	$1,670	$1,503 – $1,837	$1,469	$1,800
4 bedrooms	$1,990	$1,791 – $2,189	$1,768	$2,170

A household renting a two-bedroom home at the Small Area FMR of $1,200 needs about $48,000 a year to keep housing costs at 30% of income. The area median family income is $122,400 and the 80% low-income limit for four people is $97,900. ZIP code 50013 lies mainly in Story County. See the Ames, IA county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
50012	Ames	0.3 mi	$1,180
50010	Ames	2.7 mi	$1,080
50014	Ames	3.2 mi	$1,210
50105	Gilbert	6.0 mi	$1,040
50134	Kelley	6.0 mi	$1,040
50124	Huxley	9.7 mi	$1,350

Questions

What is the Fair Market Rent for ZIP code 50013?

HUD's FY2027 Small Area Fair Market Rents for 50013 are $1,000 (studio), $1,060 (1 BR), $1,200 (2 BR), $1,670 (3 BR) and $1,990 (4 BR) a month.

What is the Section 8 payment standard in 50013?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 50013 that range is $1,080 to $1,320 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 50013?

The FY2026 income limits of the Ames, IA area apply: median family income $122,400, low-income (80%) limit $97,900 for a family of four.