FY2027 Small Area FMR · Knoxville, IA

ZIP 50138 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 50138 (Knoxville, IA) is $960 a month, unchanged from FY2026. That is 6% below the Marion County, IA area-wide FMR of $1,021.

2-bedroom SAFMR$960per month ■ 0.0%

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

Rank in the area8thof 19 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$864

2 BR Small Area FMR$960

110% of SAFMR$1,056

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

Studio$670▲ 1.5%

1 BR$780▲ 2.6%

2 BR$960■ 0.0%

3 BR$1,140▼ 0.9%

4 BR$1,300▲ 1.6%

FY2027 FY2026

Where 50138 sits in the Marion County, IA area

Of the 19 ZIP codes HUD lists for the area, 50138 has the 8th 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 $960 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	$670	$603 – $737	$711	$660
1 bedroom	$780	$702 – $858	$826	$760
2 bedrooms	$960	$864 – $1,056	$1,021	$960
3 bedrooms	$1,140	$1,026 – $1,254	$1,217	$1,150
4 bedrooms	$1,300	$1,170 – $1,430	$1,378	$1,280

A household renting a two-bedroom home at the Small Area FMR of $960 needs about $38,400 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 50138 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
50057	Columbia	8.5 mi	$950
50062	Melcher Dallas	8.5 mi	$930
50119	Harvey	8.6 mi	$1,090
50163	Melcher Dallas	8.9 mi	$930
50225	Pleasantville	10.3 mi	$950
50256	Tracy	10.8 mi	$980

Questions

What is the Fair Market Rent for ZIP code 50138?

HUD's FY2027 Small Area Fair Market Rents for 50138 are $670 (studio), $780 (1 BR), $960 (2 BR), $1,140 (3 BR) and $1,300 (4 BR) a month.

What is the Section 8 payment standard in 50138?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 50138 that range is $864 to $1,056 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 50138?

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.