FY2027 Small Area FMR · Pilot Mound, IA
ZIP 50223 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 50223 (Pilot Mound, IA) is $930 a month, up 1.1% from FY2026. That is 4% below the Boone County, IA area-wide FMR of $967.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 50223 sits in the Boone County, IA area
Of the 21 ZIP codes HUD lists for the area, 50223 has the 13th highest two-bedroom Small Area FMR. Boone 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 $967 for two bedrooms; an agency that opts in to Small Area FMRs would use $930 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $730 | $657 – $803 | $763 | $700 |
| 1 bedroom | $740 | $666 – $814 | $768 | $710 |
| 2 bedrooms | $930 | $837 – $1,023 | $967 | $920 |
| 3 bedrooms | $1,290 | $1,161 – $1,419 | $1,339 | $1,280 |
| 4 bedrooms | $1,390 | $1,251 – $1,529 | $1,453 | $1,340 |
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 $112,300 and the 80% low-income limit for four people is $89,850. ZIP code 50223 lies mainly in Boone County. See the Boone County, IA county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 50223?
HUD's FY2027 Small Area Fair Market Rents for 50223 are $730 (studio), $740 (1 BR), $930 (2 BR), $1,290 (3 BR) and $1,390 (4 BR) a month.
What is the Section 8 payment standard in 50223?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 50223 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 50223?
The FY2026 income limits of the Boone County, IA area apply: median family income $112,300, low-income (80%) limit $89,850 for a family of four.