FY2027 Small Area FMR · Haverhill, IA

ZIP 50120 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 50120 (Haverhill, IA) is $1,160 a month, down 1.7% from FY2026. That is 23% above the Marshall County, IA area-wide FMR of $940.

2-bedroom SAFMR$1,160per month ▼ 1.7%

Area-wide 2 BR FMR$940Marshall County, IA

Rank in the area3rdof 22 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,044

2 BR Small Area FMR$1,160

110% of SAFMR$1,276

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

Studio$860▼ 2.3%

1 BR$890▼ 1.1%

2 BR$1,160▼ 1.7%

3 BR$1,520▼ 2.6%

4 BR$1,530▼ 2.5%

FY2027 FY2026

Where 50120 sits in the Marshall County, IA area

Of the 22 ZIP codes HUD lists for the area, 50120 has the 3rd highest two-bedroom Small Area FMR. Marshall 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 $940 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,160 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	$860	$774 – $946	$698	$880
1 bedroom	$890	$801 – $979	$719	$900
2 bedrooms	$1,160	$1,044 – $1,276	$940	$1,180
3 bedrooms	$1,520	$1,368 – $1,672	$1,231	$1,560
4 bedrooms	$1,530	$1,377 – $1,683	$1,235	$1,570

A household renting a two-bedroom home at the Small Area FMR of $1,160 needs about $46,400 a year to keep housing costs at 30% of income. The area median family income is $92,100 and the 80% low-income limit for four people is $75,300. ZIP code 50120 lies mainly in Marshall County. See the Marshall County, IA county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
50162	Melbourne	4.6 mi	$1,410
50141	Laurel	4.9 mi	$1,040
50078	Ferguson	6.2 mi	$940
50158	Marshalltown	9.1 mi	$940
50106	Gilman	9.8 mi	$930
50234	Rhodes	10.6 mi	$970

Questions

What is the Fair Market Rent for ZIP code 50120?

HUD's FY2027 Small Area Fair Market Rents for 50120 are $860 (studio), $890 (1 BR), $1,160 (2 BR), $1,520 (3 BR) and $1,530 (4 BR) a month.

What is the Section 8 payment standard in 50120?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 50120 that range is $1,044 to $1,276 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 50120?

The FY2026 income limits of the Marshall County, IA area apply: median family income $92,100, low-income (80%) limit $75,300 for a family of four.