FY2027 Small Area FMR · Garden City, IA

ZIP 50102 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 50102 (Garden City, IA) is $930 a month, up 1.1% from FY2026. That is 0% equal to the Hardin County, IA area-wide FMR of $927.

2-bedroom SAFMR$930per month ▲ 1.1%

Area-wide 2 BR FMR$927Hardin County, IA

Rank in the area13thof 16 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$837

2 BR Small Area FMR$930

110% of SAFMR$1,023

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

Studio$690▲ 1.5%

1 BR$710■ 0.0%

2 BR$930▲ 1.1%

3 BR$1,180▼ 0.8%

4 BR$1,310▼ 1.5%

FY2027 FY2026

Where 50102 sits in the Hardin County, IA area

Of the 16 ZIP codes HUD lists for the area, 50102 has the 13th highest two-bedroom Small Area FMR. Hardin County, 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 $927 for two bedrooms; an agency that opts in to Small Area FMRs would use $930 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	$690	$621 – $759	$688	$680
1 bedroom	$710	$639 – $781	$709	$710
2 bedrooms	$930	$837 – $1,023	$927	$920
3 bedrooms	$1,180	$1,062 – $1,298	$1,196	$1,190
4 bedrooms	$1,310	$1,179 – $1,441	$1,335	$1,330

A household renting a two-bedroom home at the Small Area FMR of $930 needs about $37,200 a year to keep housing costs at 30% of income. The area median family income is $90,100 and the 80% low-income limit for four people is $75,300. ZIP code 50102 lies mainly in Hardin County. See the Hardin County, IA county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
50230	Radcliffe	4.8 mi	$1,040
50154	Mc Callsburg	5.1 mi	$1,040
50122	Hubbard	6.1 mi	$1,040
50236	Roland	6.5 mi	$1,120
50278	Zearing	9.1 mi	$1,040
50075	Ellsworth	9.7 mi	$1,130

Questions

What is the Fair Market Rent for ZIP code 50102?

HUD's FY2027 Small Area Fair Market Rents for 50102 are $690 (studio), $710 (1 BR), $930 (2 BR), $1,180 (3 BR) and $1,310 (4 BR) a month.

What is the Section 8 payment standard in 50102?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 50102 that range is $837 to $1,023 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 50102?

The FY2026 income limits of the Hardin County, IA area apply: median family income $90,100, low-income (80%) limit $75,300 for a family of four.