FY2027 Small Area FMR · Hazleton, IA

ZIP 50641 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 50641 (Hazleton, IA) is $930 a month, up 1.1% from FY2026. That is 1% below the Buchanan County, IA area-wide FMR of $937.

2-bedroom SAFMR$930per month ▲ 1.1%

Area-wide 2 BR FMR$937Buchanan County, IA

Rank in the area15thof 18 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$837

2 BR Small Area FMR$930

110% of SAFMR$1,023

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

Studio$700■ 0.0%

1 BR$710▲ 1.4%

2 BR$930▲ 1.1%

3 BR$1,280▲ 2.4%

4 BR$1,510▲ 5.6%

FY2027 FY2026

Where 50641 sits in the Buchanan County, IA area

Of the 18 ZIP codes HUD lists for the area, 50641 has the 15th highest two-bedroom Small Area FMR. Buchanan 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 $937 for two bedrooms; an agency that opts in to Small Area FMRs would use $930 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	$712	$700
1 bedroom	$710	$639 – $781	$716	$700
2 bedrooms	$930	$837 – $1,023	$937	$920
3 bedrooms	$1,280	$1,152 – $1,408	$1,297	$1,250
4 bedrooms	$1,510	$1,359 – $1,661	$1,522	$1,430

A household renting a two-bedroom home at the Small Area FMR of $930 needs about $37,200 a year to keep housing costs at 30% of income. The area median family income is $99,400 and the 80% low-income limit for four people is $79,500. ZIP code 50641 lies mainly in Buchanan County. See the Buchanan County, IA county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
50662	Oelwein	5.7 mi	$940
50671	Stanley	7.0 mi	$940
50629	Fairbank	8.2 mi	$950
50607	Aurora	8.7 mi	$1,040
50644	Independence	9.1 mi	$930
50664	Oran	10.3 mi	$960

Questions

What is the Fair Market Rent for ZIP code 50641?

HUD's FY2027 Small Area Fair Market Rents for 50641 are $700 (studio), $710 (1 BR), $930 (2 BR), $1,280 (3 BR) and $1,510 (4 BR) a month.

What is the Section 8 payment standard in 50641?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 50641 that range is $837 to $1,023 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 50641?

The FY2026 income limits of the Buchanan County, IA area apply: median family income $99,400, low-income (80%) limit $79,500 for a family of four.