FY2027 Small Area FMR · Reasnor, IA

ZIP 50232 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 50232 (Reasnor, IA) is $1,140 a month, down 3.4% from FY2026. That is 15% above the Jasper County, IA area-wide FMR of $989.

2-bedroom SAFMR$1,140per month ▼ 3.4%

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

Rank in the area2ndof 23 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,026

2 BR Small Area FMR$1,140

110% of SAFMR$1,254

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

Studio$900▼ 2.2%

1 BR$910▼ 1.1%

2 BR$1,140▼ 3.4%

3 BR$1,530▼ 3.2%

4 BR$1,610■ 0.0%

FY2027 FY2026

Where 50232 sits in the Jasper County, IA area

Of the 23 ZIP codes HUD lists for the area, 50232 has the 2nd 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 $1,140 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	$900	$810 – $990	$782	$920
1 bedroom	$910	$819 – $1,001	$787	$920
2 bedrooms	$1,140	$1,026 – $1,254	$989	$1,180
3 bedrooms	$1,530	$1,377 – $1,683	$1,330	$1,580
4 bedrooms	$1,610	$1,449 – $1,771	$1,395	$1,610

A household renting a two-bedroom home at the Small Area FMR of $1,140 needs about $45,600 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 50232 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
50137	Killduff	4.9 mi	$970
50251	Sully	5.2 mi	$960
50214	Otley	7.5 mi	$1,030
50170	Monroe	8.2 mi	$930
50153	Lynnville	8.5 mi	$930
50219	Pella	10.1 mi	$1,190

Questions

What is the Fair Market Rent for ZIP code 50232?

HUD's FY2027 Small Area Fair Market Rents for 50232 are $900 (studio), $910 (1 BR), $1,140 (2 BR), $1,530 (3 BR) and $1,610 (4 BR) a month.

What is the Section 8 payment standard in 50232?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 50232 that range is $1,026 to $1,254 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 50232?

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.