FY2027 Small Area FMR · New Hartford, IA

ZIP 50660 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 50660 (New Hartford, IA) is $1,040 a month, up 4.0% from FY2026. That is 5% below the Waterloo-Cedar Falls, IA area-wide FMR of $1,096.

2-bedroom SAFMR$1,040per month ▲ 4.0%

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

Rank in the area11thof 37 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$936

2 BR Small Area FMR$1,040

110% of SAFMR$1,144

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

Studio$770▲ 4.1%

1 BR$790▲ 3.9%

2 BR$1,040▲ 4.0%

3 BR$1,240▲ 3.3%

4 BR$1,590▲ 5.3%

FY2027 FY2026

Where 50660 sits in the Waterloo-Cedar Falls, IA area

Of the 37 ZIP codes HUD lists for the area, 50660 has the 11th 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 $1,040 for this ZIP code instead.

ZIP code 50660 crosses more than one HUD area. HUD also lists it under Butler County, IA (same figures). The figure that applies depends on which side of the line the home is.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$770	$693 – $847	$763	$740
1 bedroom	$790	$711 – $869	$838	$760
2 bedrooms	$1,040	$936 – $1,144	$1,096	$1,000
3 bedrooms	$1,240	$1,116 – $1,364	$1,401	$1,200
4 bedrooms	$1,590	$1,431 – $1,749	$1,832	$1,510

A household renting a two-bedroom home at the Small Area FMR of $1,040 needs about $41,600 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 50660 lies mainly in Butler 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
50673	Stout	5.7 mi	$1,000
50665	Parkersburg	7.1 mi	$970
50670	Shell Rock	7.7 mi	$1,080
50624	Dike	8.1 mi	$950
50613	Cedar Falls	8.2 mi	$1,310
50647	Janesville	8.3 mi	$1,150

Questions

What is the Fair Market Rent for ZIP code 50660?

HUD's FY2027 Small Area Fair Market Rents for 50660 are $770 (studio), $790 (1 BR), $1,040 (2 BR), $1,240 (3 BR) and $1,590 (4 BR) a month.

What is the Section 8 payment standard in 50660?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 50660 that range is $936 to $1,144 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 50660?

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.