FY2027 Small Area FMR · Raymond, IA

ZIP 50667 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 50667 (Raymond, IA) is $1,050 a month, up 2.9% from FY2026. That is 4% below the Waterloo-Cedar Falls, IA area-wide FMR of $1,096.

2-bedroom SAFMR$1,050per month ▲ 2.9%

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

Rank in the area9thof 37 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$945

2 BR Small Area FMR$1,050

110% of SAFMR$1,155

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

Studio$740▲ 2.8%

1 BR$800▲ 2.6%

2 BR$1,050▲ 2.9%

3 BR$1,360▲ 1.5%

4 BR$1,750▲ 3.6%

FY2027 FY2026

Where 50667 sits in the Waterloo-Cedar Falls, IA area

Of the 37 ZIP codes HUD lists for the area, 50667 has the 9th 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 $1,050 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	$740	$666 – $814	$763	$720
1 bedroom	$800	$720 – $880	$838	$780
2 bedrooms	$1,050	$945 – $1,155	$1,096	$1,020
3 bedrooms	$1,360	$1,224 – $1,496	$1,401	$1,340
4 bedrooms	$1,750	$1,575 – $1,925	$1,832	$1,690

A household renting a two-bedroom home at the Small Area FMR of $1,050 needs about $42,000 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 50667 lies mainly in Black Hawk 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
50707	Evansdale	1.9 mi	$1,050
50634	Gilbertville	3.6 mi	$950
50623	Dewar	3.8 mi	$1,010
50702	Waterloo	4.5 mi	$1,140
50703	Waterloo	6.2 mi	$1,080
50701	Waterloo	6.8 mi	$1,030

Questions

What is the Fair Market Rent for ZIP code 50667?

HUD's FY2027 Small Area Fair Market Rents for 50667 are $740 (studio), $800 (1 BR), $1,050 (2 BR), $1,360 (3 BR) and $1,750 (4 BR) a month.

What is the Section 8 payment standard in 50667?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 50667 that range is $945 to $1,155 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 50667?

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.