FY2027 Small Area FMR · Hudson, IA

ZIP 50643 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 50643 (Hudson, IA) is $1,150 a month, unchanged from FY2026. That is 5% above the Waterloo-Cedar Falls, IA area-wide FMR of $1,096.

2-bedroom SAFMR$1,150per month ■ 0.0%

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

Rank in the area3rdof 37 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,035

2 BR Small Area FMR$1,150

110% of SAFMR$1,265

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

Studio$800▲ 1.3%

1 BR$880■ 0.0%

2 BR$1,150■ 0.0%

3 BR$1,470▼ 0.7%

4 BR$1,920▼ 0.5%

FY2027 FY2026

Where 50643 sits in the Waterloo-Cedar Falls, IA area

Of the 37 ZIP codes HUD lists for the area, 50643 has the 3rd 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 $1,150 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	$800	$720 – $880	$763	$790
1 bedroom	$880	$792 – $968	$838	$880
2 bedrooms	$1,150	$1,035 – $1,265	$1,096	$1,150
3 bedrooms	$1,470	$1,323 – $1,617	$1,401	$1,480
4 bedrooms	$1,920	$1,728 – $2,112	$1,832	$1,930

A household renting a two-bedroom home at the Small Area FMR of $1,150 needs about $46,000 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 50643 lies mainly in Black Hawk County and 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
50612	Buckingham	6.5 mi	$1,030
50669	Reinbeck	7.1 mi	$950
50701	Waterloo	7.6 mi	$1,030
50702	Waterloo	10.5 mi	$1,140
50657	Morrison	10.7 mi	$950
50675	Traer	11.3 mi	$990

Questions

What is the Fair Market Rent for ZIP code 50643?

HUD's FY2027 Small Area Fair Market Rents for 50643 are $800 (studio), $880 (1 BR), $1,150 (2 BR), $1,470 (3 BR) and $1,920 (4 BR) a month.

What is the Section 8 payment standard in 50643?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 50643 that range is $1,035 to $1,265 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 50643?

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.