FY2027 Small Area FMR · Little Cedar, IA

ZIP 50454 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 50454 (Little Cedar, IA) is $940 a month, up 1.1% from FY2026. That is 1% above the Mitchell County, IA area-wide FMR of $927.

2-bedroom SAFMR$940per month ▲ 1.1%

Area-wide 2 BR FMR$927Mitchell County, IA

Rank in the area8thof 14 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▲ 1.4%

1 BR$810▲ 3.8%

2 BR$940▲ 1.1%

3 BR$1,210▲ 3.4%

4 BR$1,250▲ 0.8%

FY2027 FY2026

Where 50454 sits in the Mitchell County, IA area

Of the 14 ZIP codes HUD lists for the area, 50454 has the 8th highest two-bedroom Small Area FMR. Mitchell 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 $927 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	$688	$690
1 bedroom	$810	$729 – $891	$801	$780
2 bedrooms	$940	$846 – $1,034	$927	$930
3 bedrooms	$1,210	$1,089 – $1,331	$1,190	$1,170
4 bedrooms	$1,250	$1,125 – $1,375	$1,218	$1,240

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 $96,800 and the 80% low-income limit for four people is $77,450. ZIP code 50454 lies mainly in Mitchell County. See the Mitchell County, IA county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
50476	Stacyville	4.7 mi	$930
50461	Osage	6.6 mi	$930
50455	Mc Intire	6.8 mi	$1,160
50466	Riceville	10.0 mi	$1,300
50472	Saint Ansgar	10.1 mi	$1,020
50460	Orchard	10.9 mi	$970

Questions

What is the Fair Market Rent for ZIP code 50454?

HUD's FY2027 Small Area Fair Market Rents for 50454 are $700 (studio), $810 (1 BR), $940 (2 BR), $1,210 (3 BR) and $1,250 (4 BR) a month.

What is the Section 8 payment standard in 50454?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 50454 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 50454?

The FY2026 income limits of the Mitchell County, IA area apply: median family income $96,800, low-income (80%) limit $77,450 for a family of four.