FY2027 Small Area FMR · Ira, IA

ZIP 50127 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 50127 (Ira, IA) is $1,020 a month, up 4.1% from FY2026. That is 3% above the Jasper County, IA area-wide FMR of $989.

2-bedroom SAFMR$1,020per month ▲ 4.1%

Area-wide 2 BR FMR$989Jasper County, IA

Rank in the area6thof 23 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$918

2 BR Small Area FMR$1,020

110% of SAFMR$1,122

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

Studio$810▲ 6.6%

1 BR$810▲ 5.2%

2 BR$1,020▲ 4.1%

3 BR$1,370▲ 4.6%

4 BR$1,440▲ 8.3%

FY2027 FY2026

Where 50127 sits in the Jasper County, IA area

Of the 23 ZIP codes HUD lists for the area, 50127 has the 6th highest two-bedroom Small Area FMR. Jasper 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 $989 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,020 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	$810	$729 – $891	$782	$760
1 bedroom	$810	$729 – $891	$787	$770
2 bedrooms	$1,020	$918 – $1,122	$989	$980
3 bedrooms	$1,370	$1,233 – $1,507	$1,330	$1,310
4 bedrooms	$1,440	$1,296 – $1,584	$1,395	$1,330

A household renting a two-bedroom home at the Small Area FMR of $1,020 needs about $40,800 a year to keep housing costs at 30% of income. The area median family income is $95,900 and the 80% low-income limit for four people is $76,700. ZIP code 50127 lies mainly in Jasper County. See the Jasper County, IA county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
50028	Baxter	3.4 mi	$1,020
50168	Mingo	3.8 mi	$1,000
50054	Colfax	6.2 mi	$1,000
50234	Rhodes	8.1 mi	$970
50055	Collins	8.4 mi	$1,040
50208	Newton	9.9 mi	$1,000

Questions

What is the Fair Market Rent for ZIP code 50127?

HUD's FY2027 Small Area Fair Market Rents for 50127 are $810 (studio), $810 (1 BR), $1,020 (2 BR), $1,370 (3 BR) and $1,440 (4 BR) a month.

What is the Section 8 payment standard in 50127?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 50127 that range is $918 to $1,122 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 50127?

The FY2026 income limits of the Jasper County, IA area apply: median family income $95,900, low-income (80%) limit $76,700 for a family of four.