FY2027 Small Area FMR · Harvey, IA

ZIP 50119 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 50119 (Harvey, IA) is $1,090 a month, up 6.9% from FY2026. That is 7% above the Marion County, IA area-wide FMR of $1,021.

2-bedroom SAFMR$1,090per month ▲ 6.9%

Area-wide 2 BR FMR$1,021Marion County, IA

Rank in the area3rdof 19 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$981

2 BR Small Area FMR$1,090

110% of SAFMR$1,199

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

Studio$760▲ 8.6%

1 BR$880▲ 8.6%

2 BR$1,090▲ 6.9%

3 BR$1,300▲ 6.6%

4 BR$1,470▲ 8.1%

FY2027 FY2026

Where 50119 sits in the Marion County, IA area

Of the 19 ZIP codes HUD lists for the area, 50119 has the 3rd highest two-bedroom Small Area FMR. Marion 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 $1,021 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,090 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	$760	$684 – $836	$711	$700
1 bedroom	$880	$792 – $968	$826	$810
2 bedrooms	$1,090	$981 – $1,199	$1,021	$1,020
3 bedrooms	$1,300	$1,170 – $1,430	$1,217	$1,220
4 bedrooms	$1,470	$1,323 – $1,617	$1,378	$1,360

A household renting a two-bedroom home at the Small Area FMR of $1,090 needs about $43,600 a year to keep housing costs at 30% of income. The area median family income is $104,700 and the 80% low-income limit for four people is $83,750. ZIP code 50119 lies mainly in Marion County. See the Marion County, IA county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
50256	Tracy	4.1 mi	$980
50143	Leighton	7.3 mi	$930
50219	Pella	7.8 mi	$1,190
50044	Bussey	8.2 mi	$930
50138	Knoxville	8.6 mi	$960
50116	Hamilton	9.4 mi	$930

Questions

What is the Fair Market Rent for ZIP code 50119?

HUD's FY2027 Small Area Fair Market Rents for 50119 are $760 (studio), $880 (1 BR), $1,090 (2 BR), $1,300 (3 BR) and $1,470 (4 BR) a month.

What is the Section 8 payment standard in 50119?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 50119 that range is $981 to $1,199 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 50119?

The FY2026 income limits of the Marion County, IA area apply: median family income $104,700, low-income (80%) limit $83,750 for a family of four.