FY2027 Small Area FMR · Diagonal, IA
ZIP 50845 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 50845 (Diagonal, IA) is $1,070 a month, up 1.9% from FY2026. That is 15% above the Ringgold County, IA area-wide FMR of $927.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 50845 sits in the Ringgold County, IA area
Of the 12 ZIP codes HUD lists for the area, 50845 has the 3rd highest two-bedroom Small Area FMR. Ringgold 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 $927 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,070 for this ZIP code instead.
ZIP code 50845 crosses more than one HUD area. HUD also lists it under Union County, IA (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $790 | $711 – $869 | $688 | $780 |
| 1 bedroom | $840 | $756 – $924 | $725 | $850 |
| 2 bedrooms | $1,070 | $963 – $1,177 | $927 | $1,050 |
| 3 bedrooms | $1,330 | $1,197 – $1,463 | $1,151 | $1,290 |
| 4 bedrooms | $1,440 | $1,296 – $1,584 | $1,251 | $1,400 |
A household renting a two-bedroom home at the Small Area FMR of $1,070 needs about $42,800 a year to keep housing costs at 30% of income. The area median family income is $95,500 and the 80% low-income limit for four people is $76,400. ZIP code 50845 lies mainly in Ringgold County and Union County. See the Ringgold County, IA county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 50845?
HUD's FY2027 Small Area Fair Market Rents for 50845 are $790 (studio), $840 (1 BR), $1,070 (2 BR), $1,330 (3 BR) and $1,440 (4 BR) a month.
What is the Section 8 payment standard in 50845?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 50845 that range is $963 to $1,177 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 50845?
The FY2026 income limits of the Ringgold County, IA area apply: median family income $95,500, low-income (80%) limit $76,400 for a family of four.