FY2027 Small Area FMR · Gilmore City, IA
ZIP 50541 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 50541 (Gilmore City, IA) is $1,080 a month, up 10.2% from FY2026. That is 17% above the Humboldt County, IA area-wide FMR of $927.
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 50541 sits in the Humboldt County, IA area
Of the 18 ZIP codes HUD lists for the area, 50541 has the 6th highest two-bedroom Small Area FMR. Humboldt 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 $1,080 for this ZIP code instead.
ZIP code 50541 crosses more than one HUD area. HUD also lists it under Pocahontas County, IA (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $780 | $702 – $858 | $688 | $710 |
| 1 bedroom | $890 | $801 – $979 | $820 | $800 |
| 2 bedrooms | $1,080 | $972 – $1,188 | $927 | $980 |
| 3 bedrooms | $1,450 | $1,305 – $1,595 | $1,284 | $1,280 |
| 4 bedrooms | $1,610 | $1,449 – $1,771 | $1,549 | $1,410 |
A household renting a two-bedroom home at the Small Area FMR of $1,080 needs about $43,200 a year to keep housing costs at 30% of income. The area median family income is $91,400 and the 80% low-income limit for four people is $75,300. ZIP code 50541 lies mainly in Pocahontas County and Humboldt County. See the Humboldt 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 50541?
HUD's FY2027 Small Area Fair Market Rents for 50541 are $780 (studio), $890 (1 BR), $1,080 (2 BR), $1,450 (3 BR) and $1,610 (4 BR) a month.
What is the Section 8 payment standard in 50541?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 50541 that range is $972 to $1,188 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 50541?
The FY2026 income limits of the Humboldt County, IA area apply: median family income $91,400, low-income (80%) limit $75,300 for a family of four.