FY2027 Small Area FMR · Lakota, IA

ZIP 50451 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 50451 (Lakota, IA) is $940 a month, up 2.2% from FY2026. That is 1% below the Kossuth County, IA area-wide FMR of $954.

2-bedroom SAFMR$940per month ▲ 2.2%

Area-wide 2 BR FMR$954Kossuth County, IA

Rank in the area10thof 22 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$846

2 BR Small Area FMR$940

110% of SAFMR$1,034

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

Studio$700▲ 2.9%

1 BR$800▲ 14.3%

2 BR$940▲ 2.2%

3 BR$1,120▲ 1.8%

4 BR$1,240▲ 1.6%

FY2027 FY2026

Where 50451 sits in the Kossuth County, IA area

Of the 22 ZIP codes HUD lists for the area, 50451 has the 10th highest two-bedroom Small Area FMR. Kossuth 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 $954 for two bedrooms; an agency that opts in to Small Area FMRs would use $940 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	$700	$630 – $770	$709	$680
1 bedroom	$800	$720 – $880	$811	$700
2 bedrooms	$940	$846 – $1,034	$954	$920
3 bedrooms	$1,120	$1,008 – $1,232	$1,137	$1,100
4 bedrooms	$1,240	$1,116 – $1,364	$1,254	$1,220

A household renting a two-bedroom home at the Small Area FMR of $940 needs about $37,600 a year to keep housing costs at 30% of income. The area median family income is $96,300 and the 80% low-income limit for four people is $77,050. ZIP code 50451 lies mainly in Kossuth County. See the Kossuth County, IA county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
50424	Buffalo Center	7.3 mi	$930
50556	Ledyard	7.9 mi	$990
50480	Titonka	9.1 mi	$930
50517	Bancroft	9.5 mi	$930
56027	Elmore	9.6 mi	$1,100
50465	Rake	11.0 mi	$1,070

Questions

What is the Fair Market Rent for ZIP code 50451?

HUD's FY2027 Small Area Fair Market Rents for 50451 are $700 (studio), $800 (1 BR), $940 (2 BR), $1,120 (3 BR) and $1,240 (4 BR) a month.

What is the Section 8 payment standard in 50451?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 50451 that range is $846 to $1,034 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 50451?

The FY2026 income limits of the Kossuth County, IA area apply: median family income $96,300, low-income (80%) limit $77,050 for a family of four.