FY2027 Small Area FMR · Dike, IA

ZIP 50624 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 50624 (Dike, IA) is $950 a month, up 3.3% from FY2026. That is 13% below the Waterloo-Cedar Falls, IA area-wide FMR of $1,096.

2-bedroom SAFMR$950per month ▲ 3.3%

Area-wide 2 BR FMR$1,096Waterloo-Cedar Falls, IA

Rank in the area20thof 37 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$855

2 BR Small Area FMR$950

110% of SAFMR$1,045

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

Studio$660▲ 4.8%

1 BR$730▲ 4.3%

2 BR$950▲ 3.3%

3 BR$1,230▲ 3.4%

4 BR$1,590▲ 3.2%

FY2027 FY2026

Where 50624 sits in the Waterloo-Cedar Falls, IA area

Of the 37 ZIP codes HUD lists for the area, 50624 has the 20th highest two-bedroom Small Area FMR. Waterloo-Cedar Falls, 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 $1,096 for two bedrooms; an agency that opts in to Small Area FMRs would use $950 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	$660	$594 – $726	$763	$630
1 bedroom	$730	$657 – $803	$838	$700
2 bedrooms	$950	$855 – $1,045	$1,096	$920
3 bedrooms	$1,230	$1,107 – $1,353	$1,401	$1,190
4 bedrooms	$1,590	$1,431 – $1,749	$1,832	$1,540

A household renting a two-bedroom home at the Small Area FMR of $950 needs about $38,000 a year to keep housing costs at 30% of income. The area median family income is $91,000 and the 80% low-income limit for four people is $75,300. ZIP code 50624 lies mainly in Grundy County. See the Waterloo-Cedar Falls, IA metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
50673	Stout	4.8 mi	$1,000
50660	New Hartford	8.1 mi	$1,040
50642	Holland	8.3 mi	$1,260
50657	Morrison	8.6 mi	$950
50669	Reinbeck	9.1 mi	$950
50665	Parkersburg	9.7 mi	$970

Questions

What is the Fair Market Rent for ZIP code 50624?

HUD's FY2027 Small Area Fair Market Rents for 50624 are $660 (studio), $730 (1 BR), $950 (2 BR), $1,230 (3 BR) and $1,590 (4 BR) a month.

What is the Section 8 payment standard in 50624?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 50624 that range is $855 to $1,045 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 50624?

The FY2026 income limits of the Waterloo-Cedar Falls, IA area apply: median family income $91,000, low-income (80%) limit $75,300 for a family of four.